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Tag: John Fithian

  • Netflix-iPic Entertainment tie up; to release original films

    Netflix-iPic Entertainment tie up; to release original films

    MUMBAI: The subscription led video-on-demand (SVOD) streaming service Netflix has partnered with iPic Entertainment theater chain to release selective original films. These movies will shown simultaneously on the streaming service and at iPic theaters across the US.

    With this deal, several reports have surfaced mentioning the red light on rival theater owners.

    The partnership is set to launch from Friday with Netflix’s war thriller The Siege of Jadotville, opening at iPic theaters in Los Angeles the same day it’s released on the streaming service.

    “Consumer choice is a pillar of our philosophy and the unparalleled level of comfort and hospitality offered at iPic made this a natural partnership,” said Netflix chief content officer Ted Sarandos in a statement.

    The movie chain operates 15 theaters with 113 screens nationwide, including in New York, Miami Beach, Houston and Scottsdale, Ariz.

    iPic Entertainment president and CEO Hamid Hashemi added, “ This is a significant game changer for consumers and fans, paving way for a new frontier in shared experience viewing of Netflix entertainment.”

    Netflix has previously released its original films in theaters, like 2015’s Beast of No Nations, bypassing the exclusive theatrical window viewed as vital to many movie chains.

    “Movie theaters are worried. Netflix is already their biggest competitor right now,” voiced Exhibitor Relations analyst Jeff Bock to USA Today. “This represents a direct hit to their business that shakes them to the core.”

    The president and CEO of the National Association of Theater Owners John Fithian has also opined his unhappiness with this practice. “Simultaneous release, in practice, has reduced both theatrical and home revenues when it has been tried. The theatrical window is a longstanding industry practice that has benefited studios, theaters and moviegoers. We all should tread lightly and be mindful that over the years, the film industry’s success is a direct result of a highly successful collaboration between filmmakers, distributors and exhibitors,” said Fithian in a statement.

  • Netflix-iPic Entertainment tie up; to release original films

    Netflix-iPic Entertainment tie up; to release original films

    MUMBAI: The subscription led video-on-demand (SVOD) streaming service Netflix has partnered with iPic Entertainment theater chain to release selective original films. These movies will shown simultaneously on the streaming service and at iPic theaters across the US.

    With this deal, several reports have surfaced mentioning the red light on rival theater owners.

    The partnership is set to launch from Friday with Netflix’s war thriller The Siege of Jadotville, opening at iPic theaters in Los Angeles the same day it’s released on the streaming service.

    “Consumer choice is a pillar of our philosophy and the unparalleled level of comfort and hospitality offered at iPic made this a natural partnership,” said Netflix chief content officer Ted Sarandos in a statement.

    The movie chain operates 15 theaters with 113 screens nationwide, including in New York, Miami Beach, Houston and Scottsdale, Ariz.

    iPic Entertainment president and CEO Hamid Hashemi added, “ This is a significant game changer for consumers and fans, paving way for a new frontier in shared experience viewing of Netflix entertainment.”

    Netflix has previously released its original films in theaters, like 2015’s Beast of No Nations, bypassing the exclusive theatrical window viewed as vital to many movie chains.

    “Movie theaters are worried. Netflix is already their biggest competitor right now,” voiced Exhibitor Relations analyst Jeff Bock to USA Today. “This represents a direct hit to their business that shakes them to the core.”

    The president and CEO of the National Association of Theater Owners John Fithian has also opined his unhappiness with this practice. “Simultaneous release, in practice, has reduced both theatrical and home revenues when it has been tried. The theatrical window is a longstanding industry practice that has benefited studios, theaters and moviegoers. We all should tread lightly and be mindful that over the years, the film industry’s success is a direct result of a highly successful collaboration between filmmakers, distributors and exhibitors,” said Fithian in a statement.

  • Global box office receipts reached $34.7 billion in 2012: MPAA

    Global box office receipts reached $34.7 billion in 2012: MPAA

    MUMBAI: The Motion Picture Association of America‘s (MPAA) annual Theatrical Market Statistics Report for 2012 shows that global box office receipts for all films released around the world reached $34.7 billion in 2012, an increase of 6 per cent over 2011.
    U.S./Canada box office was up 6 per cent over last year to $10.8 billion, due to a 6 per cent increase in admissions to 1.36 billion. Domestic ticket prices remained flat in 2012.
    "I am happy to report that in 2012, both global and domestic box office was up and so were domestic admissions," said MPAA Chairman and CEO Senator Chris Dodd.
    "Great storytelling, memorable characters and an ever-innovating theater experience brought more people around the world to the movie theater in 2012 than ever before. It‘s a powerful reminder of just how much movies matter – not just to our culture, but also to our economy. Our industry supports 2.1 million jobs in the United States and more than 120,000 of those jobs are in movie theaters. So as you‘re looking at this report, it‘s important to remember the real economic impact these numbers have."
    International box office was also up in 2012, driven by growing markets like Russia, Brazil and China, which grew by 36 per cent in 2012 to become the largest international market, surpassing Japan. 2012 also marked the first year that digital screens surpassed analog screens in international market share. Over two-thirds of the world‘s nearly 130,000 cinema screens are now digital.
    "The cinema industry serves an increasingly diverse audience, by age, gender and ethnicity," said National Association of Theatre Owners (NATO) President and CEO John Fithian. "The record box office, here and abroad, shows that when we meet that diversity with a broad range of movies and amenities, cutting edge technologies and viewing options our industry thrives."
    In the US and Canada, 3D box office was comparable to 2011 levels at $1.8 billion, despite fewer 3D film releases.
    More than two-thirds of the U.S./Canada population – 225 million people – went to the movies at least once in 2012, consistent with prior years. Cinema ticket sales continue to be driven by frequent moviegoers – those who go to the movies once a month or more. Frequent moviegoers represent 13 per cent of the population but purchased 57 per cent of all tickets sold in 2012.