2. The shifts
Digital film
Market leaders in the cinema industry
4K
3D
Curved screens
Social cinema china
Laser projectors in future?
Online ticket sales
On demand online services becoming more popular (technology devices)
Internet piracy
Cinemagoers are more reactive to films (Await critics reviews)
3. Cineworlds role of technology
Cineworld has mainly focused on the changing sales and digital aspects of
modern day cinemas. It has done this by investing in such technologies as
digital film projection, and e-ticketing to allow users to be able to book
tickets online making the sales prossess more convenient for cinemagoers, as
well as increase potential revenues for the cinema.
Cineworld has also kept upto date with most technology such as the use of
digital projection equipment and the use of 3d projection to ensure that they
are able to play all films in a high quality to improve the viewing experience
of consumers.
4. The role of social media
Increase online ticket sales
Engage with potential customers
Write engaging content
Promote competitions
Retweet interesting movie information
Provide information to people
7. Market Value of the Cinema Industry
There has been a decline of the UK cinema industries overall market value.
In 2010 it was valued at £1,338 million
For 2014 Mintel has estimated its value at £1,420 million
After 2012 market value declined this is following an overall decline in
admissions
2014 also saw a very hot summer as well as the World Cup, which would mean
less people going to the cinema as other forms of entertainment is available.
2014 has been predicated to have a 4.5% drop in admissions.
8.
9. Summary
Social media is a pivotal part of attracting people to the cinema.
The internet has been detrimental in terms of piracy to cinema but has
revolusionised consumer engagement.
Market Value has decreased as other forms of entertainment have taken its
palce.
Editor's Notes
Source: Graphic via Jeff Bullas (http://www.jeffbullas.com/2011/06/09/do-people-share-more-on-facebook-or-twitter/)