[Daily Markets]
A gradual recovery in business and consumer spending and the lagging recovery in unemployment continue to hinder demand for the Movie Theaters industry. According to IBISWorld industry analyst and report author Agata Kaczanowska, “enhanced cinema experiences, such as 3D technology and luxury theaters, attract a steady audience, partly counterbalancing low consumer spending. However, industry revenue is expected to decline at an annualized rate of 1.2% over the five years to 2012; this growth includes an increase of 0.2% from 2011 to 2012.” IBISWorld anticipates that increasing consumer spending, driven by disposable income growth, will contribute to revenue of $12.9 billion in 2012.
The Movie Theaters industry competes with many video product viewing and access alternatives, including cable and satellite TV, iPods, cell phones and internet movie downloads to computers and game consoles. …
In 2011, the industry’s top four players are expected to control about 55.9% of revenue, influenced by the continuing consolidation of operators. This concentration has increased from about 45.9% in 2006, because a number of the major operators purchased many small and larger operators after their release from Chapter 11 proceedings. The major industry players are Regal Entertainment Group, AMC Entertainment and Cinemark Holdings. …
Read the full story here: http://www.dailymarkets.com/stock/2012/02/04/coming-attraction-movie-theaters-in-the-us-industry-market-research-report-now-updated-by-ibisworld/