LOS ANGELES (Reuters) – The largest cinema chains consisting of AMC Entertainment, Regal Cinemas and Cinemark will definitely spend higher than $2.2 billion over the next 3 years to replace cinemas within the united state and Canada, a market staff revealed on Thursday.
Improvements will definitely be made by the 8 best cinema chains within the space, standing for over 21,000 shows and 67% of ticket workplace gross sales, in response to the National Association of Theatre Owners.
The flick service has really encountered quite a few difficulties from the surge of streaming to the COVID-19 pandemic and the Hollywood strikes in 2023.
NATO acknowledged the funds will surely be made use of for quite a few duties, consisting of mounting much more comfortable seats, together with immersive audio and laser estimate fashionable know-how and boosting cooling, carpets and foods and drinks decisions.
(Reporting by Lisa Richwine; Editing by Rashmi Aich)
