Michael_A._Hitt,_R._Duane_Ireland,_Robert_E._Hosk

(Kiana) #1

Case 12: The Movie Exhibition Industry: 2015 C-159


entertaining evening at the theater without ever seeing
a movie.


Is There A Guardian of the Exhibitors?


While theaters experiment with a variety of initiatives to
draw viewers, the clock is ticking. Prior initiatives, most


recently 3D, have failed to live up to their potential as a
durable and enduring way to attract audiences. Is one
of the initiatives being undertaken by exhibitors an orb
hiding a secret infinity stone capable of returning viewer
to the theaters? Will a guardian of the exhibitors emerge
in 2015? 2016? Or might all future sequels for exhibitors
be cancelled?


  1. All ticket sales and box office data in this
    section are from: http://www.boxofficemojo.com.

  2. MPAA 2014 Theatrical Statistics.

  3. Calculated by author based on data from
    boxofficemojo.

  4. MPAA 2014 Theatrical Statistics.

  5. Statista. (2014). Statistics and facts about the
    film industry in India. http://www.statista.
    com/topics/2140/film-industry-in-india/.

  6. Fritz, B., & Kaufman, A. (2011, December
    30, 2011). Solid start, fast fade for movies,
    LA Times. Retrieved from latimes.com/
    entertainment/news/movies/la-fi-ct-box-
    office-wrap-20111230,0,2205189.story.

  7. Cinema Advertising Council. (2014). Cinema
    Advertising Revenue [Press release].
    URL: http://www.cinemaadcouncil.
    org/docs/2013_CAC_RevenueReport
    Historical_Data_060114.pdf.

  8. Fritz, B. (2014, 1/27/2014). Movie Theaters,
    Studios in Tiff Over Trailer Lengths. Wall
    Street Journal.

  9. Author calculations based on Cinema
    Advertising Council. (2014) data, SEC filings,
    NATO press releases, and author estimates.

  10. Data on the firms, theaters and screens,
    location, etc. from web sites and SEC filings.

  11. Kung, M., & Back, A. (2012). Chinese
    conglomerate buys AMC movie chain in
    U.S. Wall Street Journal, p. 2.

  12. Mintel Report, Movie Theaters − US −
    February 2008 − Reasons to go to Movies
    over Watching a DVD.

  13. Mintel Report, Movie Theaters − US −
    February 2008 − Reasons why Attendance
    is not Higher.

  14. Kelly, K., Orwall, B. & Sanders, P. (2005). The
    Multiplex Under Siege, Wall Street Journal,
    December 24, 2005; Page P1.

  15. Incident reported in P. Goldstein, 2005,
    Now playing: A glut of ads, Los Angeles
    Times, July 12, 2005 in print edition E-1; URL:
    http://articles.latimes.com/2005/jul/12/
    entertainment/et-goldstein12; accessed
    December 5, 2008.

  16. DuBravac, 2007.

  17. Burger, A. (2014, March 7, 2014). LRG:
    HDTV Penetration In U.S. Households
    Reaches Nearly 60%, from http://www.
    telecompetitor.com/lrg-hdtv-penetration-
    u-s-households-reaches-nearly-60/__
    18. DuBravac, 2007.
    19. PD Group (2015). 4K/UHD Leads TV Growth
    Heading into the Holidays, Reports NPD.
    NPD Group.
    20. IHS (2014). LCD TV Shipment Forecast
    Revised Upward on Strong Consumer
    Demand for Larger Sizes, DisplaySearch
    Reports IHS.
    21. Hsieh, D. (2012), Average Size of LCD TV
    Panels Increases by 2 Inches in 12 Months.
    22. Source: Average TV size up to 60-inch by
    2015 says Sharp, TechDigest, URL: http://
    http://www.techdigest.tv/2008/01/averagetv
    size.html; Accessed: 2008/12/11.
    23. Source: Average TV size up to 60-inch by
    2015 says Sharp, TechDigest, URL: http://
    http://www.techdigest.tv/2008/01/averagetv
    size.html; Accessed: 2008/12/11.
    24. NPD Group (2015). 4K/UHD Leads TV
    Growth Heading into the Holidays, Reports
    NPD. NPD Group.
    25. Ahara-Stubbs, M. (2015). 4K TVs: Much ado
    about nothing? Retrieved 2015/05/05, 2015,
    from http://www.cnbc.com/id/102319523.
    26. Jannarone, J. (2012, February 6, 2012). As
    Studios Fight Back, Will Coinstar Box Itself
    Into a Corner?. Wall Street Journal, p. C6.
    27. Kung, M. (2012, May 10, 2012). Movie Magic
    to Leave Home For?, Wall Street Journal,
    pp. D1-D2.
    28. Fritz, B. (2014, Jan 7, 2014). Sales of Digital
    Movies Surge. Wall Street Journal.
    29. Snider, M. (2012, 1/9/2012). Blu-ray grows,
    but DVD slide nips home video sales. USA
    Today.
    30. Jannarone, J. (2012, February 6, 2012). As
    Studios Fight Back, Will Coinstar Box Itself
    Into a Corner?, Wall Street Journal, p. C6.
    31. Jannarone, J. (2012, February 6, 2012). As
    Studios Fight Back, Will Coinstar Box Itself
    Into a Corner?, Wall Street Journal, p. C6.
    32. Chandran, N. (2014). Netflix to shake up
    movies with 'Crouching Tiger 2' Retrieved
    2014/09/30, 2014, from http://www.cnbc.
    com/id/102043625.
    33. Gottfried, M. (2014, Oct. 3, 2014). Netflix
    Thickens the Plot for Movie Theaters. Wall
    Street Journal. Retrieved 2014/10/06, from
    http://online.wsj.com/articles/heard-on-
    the-street-netflix-thickens-the-plot-for-
    movie-theaters-1412350570#printMode.
    34. Gottfried, M. (2014, Oct. 3, 2014). Netflix
    Thickens the Plot for Movie Theaters.
    Wall Street Journal. Retrieved 2014/10/06,
    from http://online.wsj.com/articles/
    heard-on-the-street-netflix-thickens-
    the-plot-for-movie-theaters-
    1412350570#printMode.
    35. Han, A. (2015), ‘The Interview’ Hits Netflix
    This Weekend; Did the VOD Release
    Lose Money for Sony? http://www.
    slashfilm.com/the-interview-netflix-sony-
    losses/.
    36. Verrier, R. (2012, December 30, 2011). U.S.
    theater owners get lump of coal at box
    office, LA Times. Retrieved from latimes.
    com/entertainment/news/movies/la-fi-ct-
    theaters-20111230,0,7228622.story.
    37. NPD Group (2015). Connected TVs Surpass
    Blu-ray Disc Players in App Delivery –
    Ahead of Forecast, According to NPD.
    38. NPD Group (2015). Streaming Media Player
    Penetration to Reach 40 Percent of U.S.
    Internet Homes by 2017, According to NPD.
    39. The Big Picture | Why is Movie Theatre
    Revenue Attendance Declining?
    URL: http://bigpicture.typepad.com/
    comments/2005/07/declining_movie.htm.
    Accessed: 12/11/2008.
    40. Dodes, R. (2012, April 19, 2012). IMAX Strikes
    Back. Wall Street Journal. Retrieved from
    http://online.wsj.com/article/SB1000142
    4052702304299304577347940832511540.
    html?KEYWORDS=IMAX+strikes+back.
    41. DolbyLaboratories. (2013) Dobly Atmos:
    Hear The Whole Picture. URL: http://www.
    dolby.com/us/en/professional/technology/
    cinema/dolby-atmos.html, Accessed:
    1/5/2013.
    42. Sony. (2011). Alternative Content for
    Theatres. Sony Digital Cinema 4K, 1.
    43. Cinedigm. (2012). Investor Presentation:
    Jefferies 2012 Global Technology, Media &
    Telecom Conference. Cinedigm. Retrieved
    from http://files.shareholder.com/downloads/
    AIXD/2302444840x0x567367/4a213e2c-11ae-
    4cdc-8dd1-970919ac80ac/CIDM%20IR%20
    deck%20050712%20Short.pdf.
    44. Ellingson, A. (2012, Oct. 15, 2012). Who's
    stressed about digital cinema? Not
    Digiplex's Bud Mayo. The Business
    Journal − LA.


NOTES

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