EVT's entertainment division has posted a 73.9 per cent decline in first quarter earnings before interest, tax, depreciation and amortisation (EBITDA) to $7.7 million compared to the prior corresponding period.
With the sputtering performance of 'Furiosa: A Mad Max Saga' at the box office highlighting a continuing climate of uncertainty for cinemas, Brendan Swift and Sean Slatter find out the strategies operators are using to attract audiences.
Just weeks after IMAX Sydney in Darling Harbour opened its doors, EVT and IMAX have announced they will integrate another IMAX screen into an Event Cinemas location in Sydney.
It can be argued that now more than ever, when customers opt to watch a film out of home, they’re wanting more than a movie, but an ‘experience’. In response, the country's major exhibitors are looking to bump up premium offerings. IF takes a look.
There are positive signs for filmed entertainment and free-to-air television in PwC’s annual Media and Entertainment Outlook, which shows both sectors experienced a resurgence in 2021.
Actor Maggie Dence, Event Cinemas chairman Alan Rydge and the late David Leckie, former chief executive of Seven and Nine, were among the screen industry professionals to receive Queen's Birthday Honours over the long weekend.
The movies are back! All cinemas in NSW can now open at 75 per cent capacity for the fully vaccinated. IF speaks to Hoyts Group president and CEO Damian Keogh and Event Cinemas director of entertainment Luke Mackey to understand how they have prepared for reopening, and canvass their opinions on the current theatrical landscape.
Australian feature films are currently dominating the box office, with exhibitors reporting a "revitalised" audience appetite for local stories. However, both producers and distributors have concerns about being able to actually get Aussie features off the ground in the future, with the Producer Offset slated to fall from 40 to 30 per cent from July.