机构研究报告-Cinema chains in the United States and Canada-外文版培训课件

INDUSTRIES

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MARKETSCinemachainsintheUnitedStatesandCanadaCHAPTER

01OverviewNumberofcinemaadmissionsworldwidefrom2017to2026(inbillions)Numberofcinemaadmissionsworldwide2017-202697.97.97.77.78765432107.57.37.15.73.31.920172018201920202021202220232024202520264Description:Thesourceestimatedthatmovietheatersacrosstheglobewouldhavesold5.7billionticketsbytheendof2022,up73percentfromthepreviousyear.Despitetheincreaseandthecontinuousgrowthforecastforthefollowingyears,theannualfigurewasprojectedtocatchupwithpre-pandemicstandardsonlyby2026–whenitwillamountto7.7millionmovietickets,thesamenumberrecordedin2017.Thesamesourceforecastthattheglobalboxofficerevenuewillgrowby22percent[...]

ReadmoreNote(s):Worldwide;*Forecast.ReadmoreSource(s):Omdia;PwCLeadingcinemacircuitsintheUnitedStatesandCanadaasofMarch2023,bynumberofscreensLeadingcinemacircuitsinU.S.&Canada2023,bynumberofscreensNumberofscreens0

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2,0003,0004,0005,0006,0007,0008,0007,7129,000AMCEntertainmentInc.RegalCinemas(CineworldGroupPLC)6,474Cinemark4,392CineplexEntertainmentLP1,641MarcusTheatresCorp.1,053B&BTheatres529487356HarkinsTheatresLandmarkCinemasofCanadaInc./MJRTheatres(KinepolisGroupN.V.)MalcoTheatresInc.344326317NationalAmusements,Inc.CMXCinemas5Description:AsofMarch2023,AMCTheatreswastheleadingcinemacircuitintheUnitedStatesandCanada,with7.71thousandscreensspreadacrossbothcountries.RegalandCinemarkfollowedwitharound6.47thousandand4.39thousandmovietheaterscreens,respectively.ReadmoreNote(s):Canada,UnitedStates;asofMarch6,2023Source(s):NationalAssociationofTheatreOwnersLeadingcinemacircuitsintheUnitedStatesandCanadaasofMarch2023,bynumberofsitesLeadingcinemacircuitsintheU.S.&Canada2023,bynumberofsitesNumberofsites200

3000100400500600591700AMCEntertainmentInc.RegalCinemas(CineworldGroupPLC)Cinemark478318CineplexEntertainmentLPMarcusTheatresCorp.B&BTheatres1588457HarkinsTheatres3335MalcoTheatresInc.Emagine283039CMXCinemasLandmarkCinemasofCanadaInc.6Description:AsofMarch2023,AMCTheatreswastheleadingcinemacircuitintheUnitedStatesandCanada,with591sitesspreadacrossbothcountries.RegalandCinemarkfollowedwith478and318movietheaters,respectively.ThesethreechainswerealsothetopcinemacircuitsintheU.S.andCanadabythenumberofscreensin2023.ReadmoreNote(s):Canada,UnitedStates;asofMarch6,2023Source(s):NationalAssociationofTheatreOwnersAveragetheatricalmovieticketpriceintheUnitedStatesandCanadafrom2014to2023,bychain(inU.S.dollars)AveragepriceofamovieticketintheU.S.andCanada2014-2023,bychainAMCCinemarkCineplexModel12.511.510.59.58.57.56.520142015201620172018201920202021202220237Description:Overtheyears,therehasbeenaconsistentriseinaveragemovieticketpricesacrosssignificantchainsintheUnitedStatesandCanada.Accordingtoarecentreportin2023,AMCrecordedthehighestaverageticketpriceat11.9U.S.dollars,closelyfollowedbyModelat10.78U.S.dollars.ReadmoreNote(s):Canada,UnitedStates;2014to2023Source(s):CHAPTER

02AMCAMCEntertainmentHoldings,Inc.'srevenuefrom2013to2023(inmillionU.S.dollars)AMCTheatres'revenue2013-20236,0005,0004,0005,460.85,4715,079.24,801.33,911.43,235.852,946.93,0002,0001,00002,749.432,695.392,527.91,242.4202020132014201520162017201820192021202220239/statistics/206959/revenue-of-amc-theatresIn2023,therevenueofAMCTheatresaddedupto4.8billionU.S.dollars,upfrom3.91billiondollarsayearearlier.Despitethegrowth,the2022figurearestillunderthe5.47-billion-dollarrevenuerecordedin2019,beforetheCOVID-19outbreak.

ReadmoreNote(s):Worldwide;2013to2023Source(s):AMCTheatresAMCEntertainmentHoldings,Inc.'squarterlyrevenueworldwidefrom1stquarter2019to3rdquarter2024(inmillionU.S.dollars)AMCTheatres'quarterlyrevenueworldwide2019-20241,6001,4001,2001,0008001,506.11,447.71,316.81,405.91,347.91,348.81,200.41,171.71,166.41,104.41,030.6990.9968.4954.4951.4941.5785.7763.2600444.7400162.5148.3200119.518.90Q1'19

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Q3'2410Description:Inthethirdquarterof2024,AMCEntertainmentHoldings,Inc.reportedglobalrevenueof1.35billionU.S.dollars,downfrom1.4billiondollarsinthecorrespondingquarterofthepreviousyear.ThecompanyisalsoknownasAMCTheatres.

ReadmoreNote(s):Worldwide;Q12019toQ32024Source(s):AMCTheatresAMCEntertainmentHoldings,Inc.'snetincome/lossfrom2013to2023(inmillionU.S.dollars)AMCTheatres'netincome/loss2013-20231,000364.4103.86111.67110.164.080-149.1-396.2-487.2-1,000-2,000-3,000-4,000-5,000-973.6-1,269.8-4,589.42020201320142015201620172018201920212022202311Description:Between2022and2023,thenetlossofAMCTheatresdecreasedbyalmost600milliondollars,standingatlessthan400millionU.S.dollarsinthelatteryear.TherevenueofmovietheaterchainAMCincreasedinthesameperiod.

ReadmoreNote(s):Worldwide;2013to2023Source(s):AMCTheatres;BusinessWireAMCEntertainmentHoldings,Inc.'squarterlynetincome/lossfrom2ndquarter2019to3rdquarter2024(inmillionU.S.dollars)AMCTheatres'quarterlynetincome/lossworldwide2019-202450049.48.6

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Q3'2412Description:Inthethirdquarterof2023,AMCEntertainmentHoldings,Inc.reportedanetlossof20.7millionU.S.dollars,downfrom12.3milliondollarsinthecorrespondingquarterofthepreviousyear.ThecompanyisalsoknownasꢀAMCTheatres.

ReadmoreNote(s):Worldwide;Q12019toQ32024Source(s):AMCTheatresAttendanceatAMCTheatresfrom2015to2023,byregion(inmillions)AttendanceatAMCTheatres2015-2023,byregionUnitedStatesInternational30025020015010050255.74250.37240.97105.79205.61196.32169.3870.11141.3859.59106.072019103.17201891.146.4528.7437.459.530.580201520162017202020212022202313Description:OverallattendanceatAMC'smovietheatersgrewbetween2022and2023.WithintheUnitedStates,thefigurealmostreached170millionin2023.Intherestoftheworld,attendancestoodjustabove70million.ReadmoreNote(s):Worldwide;2015to2023;*AMCTheatresacquiredOdeonCinemas,UCICinemasandCarmikeCinemasin2016Source(s):AMCTheatresAveragemovieticketpriceatAMCTheatresworldwidefrom2015to2023,byregion(inU.S.dollars)AMCTheatres'averageticketprice2015-2023byregionUnitedStatesInternational141211.911.6211.1610.099.819.619.599.679.559.549.631089.389.158.938.618.498.047.7642020152016201720182019202020212022202314Description:Between2022and2023,theꢀaveragepriceofamovieticketatAMCTheatres'cinemasworldwideslightlygrew.WithintheUnitedStates,thefigurestoodat11.9U.S.dollarsin2023,comparedto11.62U.S.dollarsrecordedayearearlier.

ReadmoreNote(s):Worldwide;2015to2022Source(s):AMCTheatresNumberofmovietheatersoperatedbyAMCTheatresworldwidefrom2013to2023NumberofcinemasrunbyAMCTheatres2013-20231,2001,0008001,0141,0061,00494093090689860050338740020003453462013201420152016*201720182019202020212022202315Description:In2023,AMCTheatresrun898movietheatersworldwide,downfrom940in2022.ThenumberofAMCTheatres'cinemascreensworldwidealsodecreasedbetween2022and2023.

ReadmoreNote(s):Worldwide;2013to2023;*AMCTheatresacquiredOdeonCinemas,UCICinemas,andCarmikeCinemasin2016Source(s):AMCTheatresNumberofscreensoperatedbyAMCTheatresworldwidefrom2013to2023NumberofscreensrunbyAMCTheatres2013-202312,00010,0008,00011,16911,09111,04110,55810,54310,56210,47410,0596,0004,0002,00005,4264,9764,9472013201420152016*201720182019202020212022202316Description:In2023,movietheaterchainAMCTheatresoperated10,059cinemascreensworldwide,downfrom11,169in2017.TheattendanceatAMC'smovietheatersincreasedbetween2022and2023.

ReadmoreNote(s):Worldwide;2013to2023;*AMCTheatresacquiredOdeonCinemas,UCICinemas,andCarmikeCinemasin2016Source(s):AMCTheatresCHAPTER

03CinemarkRevenueofCinemarkHoldings,Inc.from2006to2023(inbillionU.S.dollars)CinemarkHoldings,Inc.'srevenue2006-20233.53.03.283.223.072.992.922.852.682.632.472.452.52.282.141.982.01.51.00.50.01.741.681.511.220.6920062007200820092010201120122013201420152016201720182019202020212022202318Description:In2023,therevenueofCinemarkHoldings,Inc.addedupto3.07billionU.S.dollars,upfrom2.45milliondollarsayearearlier.Since2020,thisvaluehasbeenbouncingbackandisalmostbackatitspre-pandemiclevel.

ReadmoreNote(s):NorthAmerica,Europe,CentralandSouthAmerica;2006to2023Source(s):CinemarkTheatresNetincome/lossofCinemarkHoldings,Inc.from2006to2023(inmillionU.S.dollars)CinemarkHoldings,Inc.'snetincome/loss2006-2023400300266.02256.83218.73215.31194193.85188.2168.952001000146.12148.47130.5697.1188.920.84-100-200-300-400-500-600-700-48.33-271.22022-422.82021-616.8202020062007200820092010201120122013201420152016201720182019202319Description:Between2022and2023,thenetlossofCinemarkHoldings,Inc.increasedsharply,standingatroughly188millionU.S.dollarsinthelatteryear.Cinemark'srevenuegrewinthesameperiod.

ReadmoreNote(s):NorthAmerica,Europe,CentralandSouthAmerica;2006to2023;netincomeattributabletoCinemarkHoldings,Inc.Source(s):CinemarkTheatresAttendanceatCinemark'smovietheatersworldwidefrom2013to2023(inmillions)GlobalattendanceatCinemark'smovietheaters2013-202335030025020015010050287.24282.1280.1279.57276.56277.02263.87209.8172.7105.6202154.312020020132014201520162017201820192022202320Description:In2023,attendanceatmovietheatersrunbyCinemarkworldwideaddeduptoapproximately209.8million,upfrom172.7millionayearearlier–anannualincreaseof21.5percent.AttendanceatCinemark'smovietheatersintheUnitedStatesgrewsimilarlyin2023.ReadmoreNote(s):Worldwide;2013to2023Source(s):CinemarkTheatresAttendanceatCinemark'smovietheatersintheUnitedStatesfrom2006to2023(inmillions)AttendanceatCinemark'smovietheatersintheU.S.2006-2023200180185.27182.66179.6177.16176.16173.86174.43165.11163.64161.17158.516014012010080151.71147.9127.7118.71109.3736034.942020402002006200720082009201020112012201320142015201620172018201920212022202321/statistics/207093/total-attendance-at-cinemark-theatres-in-the-usIn2023,attendanceatmovietheatersrunbyCinemarkacrosstheUnitedStatesstoodat127.7million,upfrom109.3millionayearearlier–anannualincreaseofabout17percent.Cinemark'snetincomeamountedto188.2millionU.S.dollarsin2023.ReadmoreNote(s):UnitedStates;2006to2023Source(s):CinemarkTheatresAverageticketpriceatCinemark'smovietheatersintheUnitedStatesfrom2016to2023(inU.S.dollars)TicketpriceatCinemark'scinemasintheUnitedStates2016-202312109.689.29.248.368.137.897.78864207.552016201720182019202020212022202322Description:In2023,amovieticketataCinemarkcinemaintheUnitedStatescost,onaverage,9.68U.S.dollars,upfrom7.55dollarsin2016.ThenumberofmovietheatersrunbyCinemarkintheU.S.decreasedpercentbetween2016and2023.

ReadmoreNote(s):NorthAmerica,UnitedStates;2016to2023Source(s):CinemarkTheatresNumberofCinemark'smovietheatersworldwidefrom2013to2023NumberofCinemarktheatersworldwide2013-202360055454653353152652251851350149548250040030020010002013201420152016201720182019202020212022202323Description:In2023,Cinemarkoperated501movietheatersworldwide,downfrom518in2022.Meanwhile,globalattendanceatCinemark'smovietheatersgrewby21.5percentbetween2022and2023.

ReadmoreNote(s):Worldwide;2013to2023Source(s):CinemarkTheatresNumberofCinemarkmovietheatersworldwidefrom2019to2023,bycountryCinemarktheatersworldwide2019-2023,bycountryNumberoftheaters2022

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20020232019050100250300350400309318321UnitedStatesBrazil33134585848686863030303136ColombiaArgentinaChile232322222220202020191717181821CentralAmerica*Peru1414141214088Ecuador8822ParaguayBolivia1111111101Curacao11124Description:In2023,Cinemarkoperated501movietheatersworldwide,outofwhich309wereintheUnitedStates.ThenumberofestablishmentsintheU.S.decreasedbyalmosttentheatersbetween2022and2023.Inthelatteryear,Brazilaccountedfor85ofthecompany'scinemas.Cinemark'snetincomeamountedto188.2milliondollarsinthelastmeasuredperiod.ReadmoreNote(s):Worldwide;2019to2023;*includesHonduras,ElSalvador,Nicaragua,CostaRica,Panama,andGuatemala.Datapriorto2022wasretrievedfromearlierreleases.

ReadmoreSource(s):CinemarkTheatresNumberofCinemarktheatersintheUnitedStatesin2020,bystateCinemarktheatersintheUnitedStates2020,bystateNumberoftheaters0102030405060708090100TexasCaliforniaOhio866227Utah15NevadaColoradoIllinois99888PennsylvaniaKentuckyArizonaFloridaWashingtonLouisiana777625Description:In2020,Cinemarkoperatedatotalof86theatersinTexas,62inCalifornia,and27inOhio.Thechainhas331theatersacrossthecountry,andalsohasoperationsinLatinAmerica,withthemajorityofitstheatersintheregionlocatedinBrazil.

ReadmoreNote(s):NorthAmerica,UnitedStates;2020Source(s):CinemarkTheatresCHAPTER

04CineplexAnnualrevenuegeneratedbyCineplexInc.from2011to2023(inmillionCanadiandollars)AnnualrevenueofCineplex2011-20231,8001,6001,4001,665.151,612.441,555.11,478.331,388.891,370.941,234.721,171.271,2001,00080060040020001,102.881,091.87998.2556.392021418.2620202011201220132014201520162017201820192022202327Description:In2023,therevenueofmovietheaterchainCineplexInc.addedupto1.39billionCanadiandollars,upfrom1.1billiondollarsayearearlier.Cineplex'smainsourcesofrevenuein2023includedtheboxofficeandfoodservice.

ReadmoreNote(s):Canada;2010to2023Source(s):CineplexQuarterlyrevenuegeneratedbyCineplexInc.from1stquarter2019to4thquarter2023(inmillionCanadiandollars)CineplexInc.'squarterlyrevenue2019-2023500443.22439.2545040035030025020015010050418.45414.54367.92364.94315.08309.92304.78299.95294.3291.36282.8250.38193.8864.9361.0252.4541.4121.990Q1'19

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Q4'2328Description:Inthefourthquarterof2023,CineplexInc.generated315.08millionCanadiandollarsinrevenue,upfrom309.92milliondollarsinthecorrespondingperiodofthepreviousyear.Theyear-on-yeargrowthindicatesthatthecinemaindustryinCanadaisreturningclosetopre-pandemiclevels.ReadmoreNote(s):Canada;Q12019toQ42023Source(s):CineplexAnnualnetincome/lossofCineplexInc.from2011to2023(inmillionCanadiandollars)Cineplex'sannualnetincome/loss2011-2023300200167.16134.25120.4811383.5676.2777.9976.9670.35100049.2628.89-100-200-300-400-500-600-700-248.72-628.95202020112012201320142015201620172018201920212022202329Description:In2023,CineplexInc.reportedanetincomeof167millionCanadiandollars,upfromalossof113milliondollarsincurredayearearlier.Whatismore,theꢀattendanceatCineplex'smovietheatersgrewbyover25percentinthesameperiod.

ReadmoreNote(s):Canada;2010to2023Source(s):CineplexQuarterlynetincome/lossofCineplexInc.from1stquarter2019to4thquarter2022(inmillionCanadiandollars)CineplexInc.'squarterlyincome/loss2019-20225030.8619.413.3810.173.471.310-50-7.36-21.78-33.55-42.23-100-150-200-250-89.7-98.93-103.7-121.21Q3'20-178.41Q1'20-230.4Q4'20Q1'19Q2'19Q3'19Q4'19Q2'20Q1'21Q2'21Q3'21Q4'21Q1'22Q2'22Q3'22Q4'2230Description:Inthefourthquarterof2022,CineplexInc.reportedanetincomeof10millionCanadiandollars–thethirdconsecutivepositiveresultsincetheendof2019,beforethepandemic.Twoyearsearlier,inthelastquarterof2020,thecompanyexperiencedarecordlossofover230millionCanadiandollars.ReadmoreNote(s):Canada;Q12019toQ42022Source(s):CineplexAttendanceatCineplexcinemasfrom2011to2023(inmillions)AttendanceatCineplexcinemas2011-202390778070605040302010074.673.672.771.270.469.2766.166.3647.8638.0520.08202113.0720202011201220132014201520162017201820192022202331/statistics/675383/cineplex-attendance-cinemasIn2023,theaterattendanceatcinemasrunbyCineplexInc.addeduptoaround48million,upfrom38millionayearearlier.Still,the2023figureamountstomorethanahalfofthe66.36millionrecordedin2019,beforetheCOVID-19outbreak.

ReadmoreNote(s):Canada;2010to2023Source(s):CineplexNumberofcinemascreensandmovietheatersrunbyCineplexInc.inCanadafrom2019to2023NumberofcinemascreensandmovietheatersrunbyCineplexInc.Canada2019-2023CinemascreensMovietheaters1,8001,6001,4001,2001,0008001,6951,6671,6511,6401,6316004001651621601591582000Jun'19Dec'20Jun'21Jun'22Jun'2332Description:Inmid-2023,CineplexInc.ran158movietheatersacrossCanada,downfrom165theatersin2019,beforethepandemic.Thenumberofcinemascreenscontrolledbythefilmexhibitordecreasedpercentbetween2019and2023,standingat1.63thousandinthelatteryear.Cineplex'sannualrevenuedeclinedbyover60percentwithinthatsameperiod.ReadmoreNote(s):Canada;June2019toJune2023Source(s):CineplexCHAPTER

05KinepolisAnnualrevenueofKinepolisGroupNVfrom2013to2023(inmillioneuros)RevenueofKinepolisGroup2013-2023700600500400300605.48551.48499.91475.88355.43324.94301.57266.39262.62245.98176.2820202001000201320142015201620172018201920212022202334Description:In2023,theBelgiancinemachainKinepolisGroupNVgeneratedapproximately605.48millioneurosinrevenueworldwide,upfromaround500millioneurosayearearlier.MostofKinepolis'srevenuecamefromCanada,Belgium,andTheNetherlandsin2023.ReadmoreNote(s):Canada,Europe,UnitedStates;2013to2023Source(s):KinepolisGroupRevenueofKinepolisGroupNVin2023,bycountry(inmillioneuros)RevenueofKinepolisGroup2023,bycountryRevenueinmillioneuros020406080100120140160180200220BelgiumCanada192.97144.52France88.45Netherlands67.1562.2156.16UnitedStatesSpainLuxembourg19.24Other(Poland&Switzerland)4.7335Description:In2023,theBrussels-basedcinemachainKinepolisGroupNVgeneratedover192.97millioneurosinrevenueinBelgium.Thecompany'srevenueinCanadaandFranceamountedtoabout145millionand88millioneuros,respectively.Thatsameyear,mostofKinepolis'scinemasiteswerelocatedinCanadaandtheNetherlands.ReadmoreNote(s):Canada,Europe,UnitedStates;2023Source(s):KinepolisGroupAnnualoperatingprofit/lossofKinepolisGroupNVfrom2013to2023(inmillioneuros)Operatingprofit-lossofKinepolisGroup2013-202312010080106101.0479.1372.9267.9865.2563.2155.07604050.67200-6.552021-20-40-60-80-65.66202020132014201520162017201820192022202336Description:In2023,theBrussels-basedcinemachainKinepolisGroupNVmarkedasignificantturnaroundwithanoperatingprofitof106millioneuros,asignificantincreasefromaround68millioneurosthepreviousyear.ReadmoreNote(s):Canada,Europe,UnitedStates;2013to2023Source(s):KinepolisGroupAttendanceinKinepolisGroupNVcomplexesfrom2017to2023,bycountry(inmillions)AttendanceinKinepolisGroupcomplexes2017-2023,bycountry2017201811.66.68201911.667.398.126.181.420202.662.112.320213.620227.555.125.820239.126.546.394.814.093.490.820.1Canada1.17.18.44.4France3.223.212.522.2BelgiumSpain4.31.561.13.623.3UnitedStatesNetherlandsLuxembourgSwitzerlandTotal3.214.10.94.530.980.1140.421.960.420.0617.183.210.640.0929.320.290.0412.10.125.30.135.635.3637Description:Throughout2023,theBrussels-basedcinemachainKinepolisGroupNVsoldmorethan35millionmovieticketsacrossEuropeandNorthAmerica,9.12millionoftheminCanadaalone.Thecompany'scomplexesinFranceandBelgiumsoldapproximately6.54and6.39millionticketsineachcountry.ReadmoreNote(s):Canada,Europe,UnitedStates;2017to2023;doesnotincludeCinemaCityPoznań,inPoland,operatedbyCineworldSource(s):KinepolisGroupNumberofKinepolisGroupNVcomplexesin2023,bycountryNumberofKinepolisGroupcomplexes2023,bycountryNumberofcomplexes0510152025303540CanadaNetherlandsFrance361918Belgium11UnitedStatesSpain1010LuxembourgPoland311Switzerland38Descrip