2012-10-22 02:42:51 - Cinemas in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
Cinemas in the United Kingdom have greatly benefited from the surge in popularity of 3-D films since 2009. Cinemas that show 3-D films have been able to charge higher viewing prices and receive additional income from selling or renting 3-D glasses. This has contributed to the industry defying the economic slowdown in the past few years.
Cinema attendance numbers have generally increased over the past five years, but at a lower rate than industry revenue. Following steady growth in cinema attendance from 2007 to 2009, visits declined by 2.4% in 2010-11 with further falls of 0.5% anticipated in 2012-13. These declines are due to a lag effect from the recession, higher prices, fewer major films released during the year, and increased
substitute entertainment products. Steady increases in previous years were due to competitive pricing and the popularity of several film releases during each year.
Ticket prices have generally increased, especially with the growing popularity of 3-D films. This has contributed to higher industry revenue growth since 2008-09. Industry revenue is estimated to decrease by 0.7% in 2012-13, to Â£1.57 billion as pricing levels stabilise and attendance numbers decline. Revenue is estimated to increase by an average 5.6% per annum in the five years through 2012-13, largely due to a 14.9% surge in 2009-10, with low growth in the following two years.
Industry revenue is forecast to continue to increase at a low rate on average in future years due to flat attendance levels and low pricing growth. This will be despite the continued release of major films and sequels, and a greater number of 3-D films. In the next five years, industry revenue is forecast to increase at an annualised rate of 0.9%, to total Â£1.59 billion in 2017-18. Cinema attendance numbers are expected to increase at an annualised rate of 0.1% to 171.5 million in 2017-18.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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