News Stories

SMPTE 2012 Annual Technical Conference To Showcase Foundational Scientific, Technology, Standards Advances For Digital Media Ecosystem

Calling it one of the strongest class of submissions in recent history, the Society of Motion Picture & Television Engineers (SMPTE), the worldwide leader in motion-imaging standards and education for the media, entertainment, communications, and technology industries, today previewed the presentation lineup for the SMPTE 2012 Annual Technical Conference & Exhibition. From A/V-specific improvements in IP-based workflows and smart cloud migration strategies to critical advances in digital cinema, post production, online captioning, and surround-sound audio, they underscore the key scientific, technology, and standards efforts poised to fundamentally advance the state of today’s digital media ecosystem.

See more information, plus the link to register for the conference, here: www.smpte2012.org

Crisis slams Hollywood in Southern Europe: 3D fires up Germany; local fare boosts France, U.K.

[Chicago Tribune / Variety]

Hollywood may be buoyant in Germany and solid in France — but it’s hurting in southern Europe.

Drawing a distinct north-south divide, full year 2011 figures for most of Europe’s Big Five countries raise a clear question: Are U.S. 3D films, whose premium ticket prices are driving box office hikes in the north of the continent, too costly for cash-cautious families in the south?

German B.O. grew 3.8% in 2011 to $1.17 billion, thanks largely to 3D perfs of “Harry Potter and the Deathly Hallows, Part 2″ ($74.1 million) and “Pirates of the Caribbean: On Stranger Tides”($57 million), plus German comedy hit “Kokowaah” ($39.3 million). Eight out of Germany’s top 10 films were Hollywood fare.

France smashed all-time records in 2011. Tix sales rose 4.2% to 216 million, repping around $1.9 billion.

Goosed by a 2.5% rise in value added tax, 2011 UK BO is nearly 4% up on 2010 at around £1.1 billion ($1.7 billion).

In France and U.K., local fare — French comedies “Intouchables” ($138.7 million) and “Nothing to Declare” ($67 million); in Blighty “The Inbetweeners” ($73.4 million), “The King’s Speech” ($71.7 million) and U.K.-U.S. hybrid “Hallows, Part 2″ ($118.6 million) — largely explain B.O. spikes.

“U.K. cinema has had a really buoyant year,” said Film Distributors’ Assn. CEO Mark Batey. “Local product last year has just performed out of its skin. U.K. cinemagoing has proved to be resistant to the recession.”

Italy and Spain hardly invite such optimism, with Hollywood losing significant traction.

Italy is tracking for a 10% drop on 2010’s $947 million B.O. — U.S. movie market share has plummeted from 60% to 48% while local pics reached a whopping 40%.

Clunkers in Italy in 2011 included 3D movies “Tintin” ($4.7 million) and “The Lion King” release ($5.1 million).

Total Spanish B.O. fell 2.7% last year as Hollywood perf plunged. Three U.S. blockbusters grossed north of $26 million in 2010, none in 2011.

Driven by 3D pricing, average Spanish tix prices have risen 35% since 2004 to $8.70. This discourages family film attendance, said a source at Spain’s Acec cinema circuit.

Even in Germany, Cinemaxx’s Arne Schmidt said, “The market is already partly flooded with 3D. We had ‘The Smurfs,’ ‘Kung Fu Panda 2,’ ‘Cars 2′ and ‘Rio’ very close together. It was just too much.”

The lesson for 2012? 3D hasn’t morphed from B.O. panacea to poison but it may be proving too pricey for many cash-strapped Europeans.

Read the full story here: http://www.chicagotribune.com/entertainment/sns-201201051659reedbusivarietynvr1118048144jan05,0,1654298.story

NEXT ARTICLES >

Verizon Joins the Executive Board of the Entertainment Technology Center at USC

Verizon Enterprise Solutions will lend its technology expertise to the Entertainment Technology Center at the University of Southern California (ETC@USC) through a seat on ETC@USC’s executive board. Verizon’s global cloud, IP and wireless networks, managed security services, end-to-end digital content solutions and technology-related professional services are used by media and entertainment companies to create, transport, manage and deliver digital content around the world, on any platform,  anytime.

ETC@USC is a nonprofit, member-funded entertainment technology think tank and research center, affiliated with the USC School of Cinematic Arts. It brings together senior executives, innovators, thought leaders and catalysts in a neutral setting to explore issues related to the creation, distribution and consumption of entertainment content. Verizon’s participation on the executive board will provide media and entertainment companies with opportunities to learn how Verizon’s media-focused solutions, network and technology expertise can help the industry transform its future.

“The goal of the ETC@USC is to bring industry and technology experts together to develop the solutions that will propel us through the next 20 years,” said Kenneth Williams, CEO and executive director of the ETC@USC. “Verizon’s broad set of technologies and deep industry experience will provide a unique voice on the executive board. We look forward to their active participation.”

Scott Spector, global head of Verizon’s media and entertainment vertical, added: “Verizon is committed to the media and entertainment industry, and our participation with ETC@USC will allow us to support and potentially drive innovation in the industry. There’s a vast range of opportunities to integrate technology and improve everything from digital content production through digital distribution, creating an optimal experience for the industry.”

Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and help shape tomorrow’s biggest ideas. With industry-specific solutions provided over Verizon’s secure mobility, cloud, strategic networking and advanced communications platforms, Verizon helps open new opportunities around the world for innovation, investment and business transformation. Visit www.verizonenterprise.com to learn more.

The Entertainment Technology Center at the University of Southern California (ETC@USC) is a think tank and research center within the USC School of Cinematic Arts that brings together senior executives, innovators, thought leaders, and catalysts from the entertainment, consumer electronics, technology, and services industries along with the academic resources of the University of Southern California to explore and to act upon topics and issues related to the creation, distribution, and consumption of entertainment content.  ETC@USC helps drive collaborative projects among its member companies and engages with next generation consumers to understand the impact of emerging technology on all aspects of the entertainment industry, especially technology development and implementation, the creative process, business models, and future trends. (www.etcenter.org)

Verizon Communications Inc. (NYSE, Nasdaq:  VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, with more than 108 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and delivers integrated business solutions to customers worldwide. A Dow 30 company with more than $127 billion in 2014 revenues, Verizon employs a diverse workforce of 177,300. For more information, visit www.verizon.com/news/.

VERIZON ENTERPRISE SOLUTIONS ONLINE NEWS CENTER: News releases, blog posts, media contacts and other information are available in Verizon Enterprise Solutions’ online News Center at http://www.verizonenterprise.com/about/news. News from Verizon Enterprise Solutions is also available through an RSS feed at http://www.verizonenterprise.com/rss-options/.

Youtube Feed

No items [Check here why]

Industry Events