...Domestic ticket revenues grew 6 percent in 2012, but that volume ranks just 13th since 1980. The 1.364 billion tickets sold is down 13 percent from the most recent high in 2002 of 1.575 billion (see Exhibit 2). 2012‘s record revenues resulted from ticket price increases, not more attendees. At $7.94, the average ticket price has risen 24 percent since 2005. But over the long term, prices keep pace with inflation, raising questions about the creation of differentiated value (see Exhibit 3). - The long-term per-capita trend is negative. In 2012, the average number of films seen per capita was 3.9.2 In 1946, the peak of moviegoing in America, the industry sold four billion tickets, and the typical American went to 28 films per year at the theater. - Movies are more widely available than ever, creating new substitutes for where, when, and how to view movies. Exhibitors are especially anxious for moviegoers to return to the...
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...Read the Case Study and answer the following questions: • Why do people go to the movies? How has this changed? • What is the trend in attendance at movie theaters? Why is this problematic? What explains this trend? • What determines profitability for exhibitors? Consider revenue components, expenses, and the controllability of these by managers. • What is the trend in profitability? What explains this trend? • Do trends in the general environment and industry structure affect profits? The Movie Exhibition Industry 2013 IT IS APT that 2012’s top-‐grossing film was The Avengers, because movie studios and exhibitors sought to avenge a dismal prior year at the box office. Domestic box office receipts climbed 6 percent from 2011 to a record—setting $10.8 billion in 2012.‘ Three films—The Avengers, The Dark Knight Rises, and Skyfall—grossed more than $1 billion each in global ticket sales (see...
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...upgrade all of their facilities to incorporate 3D technologies, premium viewing, and state-of-the-art sound systems. This project would immerse the movie viewer into a real-life experience, thereby enticing the viewer to return satisfied, and become a steady patron of the company. Their estimated timeline for completion on technology upgrades for its remaining theatres is 2014. AMC Theatres, which stands for American Multi-Cinema was founded in 1920 when a father and his two sons purchased the Regent theatre in Kansas City, Missouri. AMC is second only to Regal Theatres, as a leading global movie theatre chain. The company gives credit to one particular son named Stanley Durwood. He believed that playing a multiple selection of movies in one movie house would in-turn lead to more guests, and more profits. This simple idea revolutionized the movie exhibition industry and became a blueprint for the industry. The concept for the movie theatre was born. It is this kind of inspiration that has encouraged the AMC Corporation to introduce more industry firsts. AMC was looking for a way to bring in new customers and refresh old patron relationships. Movie sales had begun to slump in the early 90’s as new competitors in the movie industry flooded the market. People began watching movies at home on VHS’s and DVD’s. Problems with retaining profits became even worse as bootleg movies and electronic computer based home rentals became available around the early 2000’s. Their transformation...
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...Theater Industry: A Constant Evolution of Entertainment Matthew Richards BU224 Microeconomics Professor Biasca 29April2014 Introduction The lights go down. The screen illuminates. And the theatre comes alive. There's nothing quite like the feeling of watching a movie on the giant silver screen. But how has the entertainment industry continued to stay profitable despite changes in technology and attendance. The demand for entertainment will always be there. Creating a unique entertainment experience as well as a pleasurable one is now the focus of many theaters. Brief History North America 1905. Gathered outside the store front there is a group of people staring inside. This was the scene for the first type of indoor exhibition known as a movie theater. For the cost of a nickel you too could enjoy the scene. Nickelodeons were the first form of movie theaters here in North America. Their popularity ranged from 1905 until 1915. During these times there were approximately 8,000 nickelodeons. As of June 1, 2013 there are 23, 152 screens in over 1,848 sites. The top four leading companies today are Regal Cinemas, Cinemark, AMC, and Carmike Cinemas making up 78% of the market out of the top 10 companies. (Cororan, 2013) To figure out how one industry could change so much in just one century we look towards Adam Smith and his invisible hand metaphor. He states that through the self-regulating behavior of the marketplace, individuals can make profit and maximize their earnings...
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...interests and in which they didn’t want to depend on big commercial studios. The fact that there were no facilities or theater chains allowed United Artists to maintain their own share of business in the studio era. During the 1930s, it was a time of poverty; better yet known as the time of prohibition and the Great depression era (Violence and American Cinema). Howard Hawk’s film, Scarface, examines this era of time through his numerous ideas shown throughout his films. Throughout the 1940s Academy Awards, four of the ten films nominated for best picture were United Artists productions. A few of the initial films produced by United Artists were: The America, Broken Blossoms, His Majesty, and When the Clouds Roll By. For instance, in Broken Blossoms, the film is...
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...need for extensive explanations and demonstration, the result was an inconsistent message for an innovative technology.” 3 With regards to price, the $1,000 price tag often exceeded the cost of the television itself which created a dissonance that gave pause even to technophiles who were unclear of the value proposition. As a new technology, there was no reference point to indicate the relative value of the purchase. Tacking on an additional service fee to record and receive suggested content in addition to a cable bill increased the overall perception of cost. In addition, tie-ups with satellite TV created the added burden and confusion of potentially switching services resulting in another hurdle to overcome. Lastly, television viewing habits have largely been unchanged since its introduction. Like death and taxes, there is a certain feeling of inevitably that the...
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...being blamed for is the violence associated Columbine High School murders in 1999 [ (Updated: TV and Film Violence Reaches a New High, 2011) ]. Many adults enjoy the entertainment of bad cop versus good cop, as well as the violent acts that are performed by both parties to get to the bottom of the case. However, are shows like CSI, Blue Bloods and Law and Order responsible for the violent acts done in society? Is there a connection between these shows and children who commit horrendous acts of violence? According to Leonard Eron, Senior Research Scientist at University of Michigan, “Television alone is responsible for 10% of youth violence” [ (Media Violence: Facts & Statistics) ]. There needs to be stricter laws to help eliminate many hours of television violence on air. This is a community effort in which action must be taken now. The government should have stricter policies in place for the Federal Communications Commission (FCC) to regulate. The FCC should be regulating television violence like they regulate sex, nudity and foul language. Television is an enjoyable time for most families. It has been used in many ways to assist parents in their everyday routines. The option of television allows many parents to sit their kids in front of a box and complete tasks like work from home or preparing dinner. Children watch on average...
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...directed by Darren Aronofsky and starring Natalie Portman, Mila Kunis, and Vincent Cassel. A movie about a young woman’s consuming desire for perfection as a ballerina in the role of a lifetime. Throughout this film the mise-en-scene was raw and grainy with diverse camera angles that gave an out of control feel that added to the instability within the scenes. As the film progresses the viewer becomes increasingly unsure of the reality that the Nina character is experiencing. The tight quarters of the sets, apart from the practice room, emphasized and helped to showcase the pressure at the studio and the controlling atmosphere at home. The editing in this film was linear and showed the gradual and increasing mental instability of Nina. At times it was difficult to know where in her mental decline she was at and what she was experiencing versus what was only in her mind. Had the film been edited in a nonlinear fashion it would have added a tremendous amount of confusion for the viewer and destroyed the continuity of her experiences and gradual mental deterioration. Sound is effectively used in scenes depicting the reality of particular events. The harsh sounds of the cutting and clipping of Nina’s fingernails sounded like the snapping of small bones. The sound of grinding the bottoms of the ballet slippers in the resin box, the scraping, scratching sound of the knife slicing the bottoms of the shoes were the sounds of reality in those scenes. Other sounds that at times...
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...a more normal distribution of a larger sample size. Either way, this can investigate any circumstance. The Los Angelos Bloomberg conducted a poll from June to July 3. This provided a nationwide sample of U.S. households. 4,466 were invited with only 1,904 (43%) responding to the survey. This included 839 minors ages 18 to 24. In terms of age the results weighed in to U.S. Census for 12-24 years old in regard to race, ethnicity, gender and region(Los Angelos A.1.). The large majority were bored with entertainment chooses such as Myspace, or Youtube some or most of the time with not enough options. This poll suggest the revolution of entertainment media and technology have not taken hold. Polls found interest in seeing movies in theaters more entertaining. Some were even found overwhelmed with the multiplex as not as popular over boredom. A signature trait predicted majority of females 15 to 17 and 21 to 24 prefered to multitask than to do one thing at a time. Most said they are too busy to do only one thing at a time because they need something to do during commercials, ads, breaks, etc(Los Angelos A.1). It can be said that maybe it is part of the human condition that the young are bored. In Hollywood, the race is on to develop entertainment that captures the attention of this now modern day distracted group. Video games, and computer apps are looking to create more artistic inspirational programming. Overall, despite technological advances the good old...
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...company one can determine the roles or duties and responsibilities of a manager. Although the overall managers will still be tasked with the same four main managerial roles: planning, organizing, leading, and controlling (Robbins, 2011) what the differences in each organization in how managers take on these roles as well as the hierarchy of each organization and how managers in both organizations respond to organizational behavior challenges or opportunities. The organizations that will be discussed will be first the large organization with more than 500 employees (U.S. Army) and the second organization a small town movie theater (Canad) who’s employees total 25 personnel altogether (Pillsbury, 2013). Overview The US Army and Army Reserve provide the Department of Defense a forward projected land force that can quickly mobilize and put military forces in any theater of operation throughout the world in a matter of Hours. Formed June 14, 1775 originally as the Continental Army the purpose of the US Army can range from Humanitarian Missions, Rescue Operations, Show of Force Posturing or Direct Action Combat action depending on the needs of our nation and its leaders with the flexibility of remaining fluid and changing mission directives as the situation changes. “The Army’s mission is to fight and win our Nation’s wars by providing prompt, sustained land dominance across the full range of military operations and spectrum of conflict in support of combatant commanders” (www.army.mil...
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...Television History - A Timeline 1878-2005 1878 William Crookes confirmed the existence of cathode rays by building a tube to display them in. 1897 German scientist Karl Ferdinand Braun constructs the cathode ray tube scanning device. 1900 Russian Constantin Perskyi introduces the word "television" at the 1st International Congress of Electricity at the World's Fair in Paris. Souvenir trading cards are sold at the same fair, two predicting color television and news radio in the year 2000. 1905 Philipp Lenard wins the Nobel Prize in physics for his research on cathode rays. 1907 A.A. Campbell Swinton in England and Boris Rosing in Russia independently propose an electronic scanning system in which a cathode ray tube could produce an image on a phosphorus-coated screen. 1923 Vladimir Zworykin, working for Westinghouse Electric, patents the iconoscope, a television transmission tube and in 1924, patents the kinescope, the receiver tube. 1925 In England, John Logie Baird demonstrates the first moving television pictures via a mechanical system based on Nipkow's disk; they were recognizable human faces in 1925 and moving objects in 1926. He had shown a still image of Felix the Cat in 1924. 1927 Philo Farnsworth transmits the first electronic television image and applies for a patent on the first complete electronic system, the Image Dissector. The first practical demonstration of television is arranged by Bell Labs and AT&T, when Commerce Secretary Herbert...
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...Article I. ------------------------------------------------- Marfa, Texas From Wikipedia, the free encyclopedia Marfa, Texas | City | Presidio County courthouse in Marfa | Location of Marfa in Presidio County, Texas | Marfa, TexasLocation in the United States of America | Coordinates: 30°18′43″N 104°1′29″WCoordinates: 30°18′43″N 104°1′29″W | Country | United States | State | Texas | County | Presidio | Government | • Mayor | Dan Dunlap | Area | • Total | 1.6 sq mi (4.1 km2) | • Land | 1.6 sq mi (4.1 km2) | • Water | 0.0 sq mi (0.0 km2) | Elevation | 4,685 ft (1,428 m) | Population (2010) | • Total | 1,981 | • Density | 1,354.6/sq mi (523.0/km2) | Time zone | Central (CST) (UTC-6) | • Summer (DST) | CDT (UTC-5) | ZIP code | 79843 | Area code | 432 | FIPS code | 48-46620[1] | GNIS feature ID | 1340942[2] | Website | marfacc.com | Marfa is a city in the high desert of the Trans-Pecos in far West Texas, located between the Davis Mountains and Big Bend National Park. It is the county seat of Presidio County, and its population as of the 2010 United States Census was 1,981. The city was founded in the early 1880s as a waterstop; the population increased during World War II, but the growth stalled and reversed somewhat during the late 20th century. Today, Marfa is a tourist destination and a major center for Minimalist art. Attractions include Building 98, the Chinati Foundation, artisan shops, historical architecture...
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...television during the first few years of life may be associated with poorer cognitive development. With respect to children over two, the authors emphasize the importance of content in mediating the effect of television on cognitive skills and academic achievement. Early exposure to age-appropriate programs designed around an educational curriculum is associated with cognitive and academic enhancement, whereas exposure to pure entertainment, and violent content in particular, is associated with poorer cognitive development and lower academic achievement. The authors point out that producers and parents can take steps to maximize the positive effects of media and minimize the negative effects. They note that research on children’s television viewing can inform guidelines for producers of children’s media to enhance learning. Parents can select...
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...2010 Santa Clara University MGMT 162- Capstone Professor Schneider Winter Quarter:2010 NETFLIX: A COMPANY ANALYSIS Prepared By Group 5: Alex Krengel, Annie Dudek, Rick Momboisse, Trish Paik, & Tyler Martin  Table of Contents I. Wall Street Journal Article and Executive Summary ..4 I A. Wall Street Journal Article 4 I B. Executive Summary ..5 II. External Analysis ..7 II A. Industry Definition ..7 II B. Six Industry Force Analysis ..8 II C. Macro Environmental Forces Analysis, Economic Trends, and Ethical Concerns ..15 II D. Competitor Analysis ..17 II D. 1 Netflix’s Competitors ..17 II D. 2 Netflix’s Primary Competitors ..17 II D. 3 Primary Competitors’ Business Level and Corporate Level Strategy ..18 II D. 4 How Competitors Achieve Their Strategic Position ..18 II D. 5 Willingness to Pay ..21 II D. 6 Comparative Financial Analysis ..22 II D. 7 Implications of Competitor Analysis ..23 II E. Intra-Industry Analysis ..24 III. Internal Analysis ..24 III A. Business Definition/Mission ..24 III B. Management Style ..24 III C. Organizational Structure, Controls and Values ..25 III C. 1 Organizational Structure ..25 III C. 2 Organizational Controls ..25 III C. 3 Organizational Values ..25 III D. Strategic Position Definition ..26 III D. 1 Corporate Level ..26 III D. 2 Business Level ..27 III D. 3 Resource & Capability Level ..28 Value Minus Cost Profile ..28 Value Chain ..28 VRIO Analysis ..28 Consumer Retention Analysis ..29 4Ps Analysis ...
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...Chapter 01 Management Information Systems: Business Driven MIS True / False Questions 1. Companies today are successful when they combine the power of the information age with traditional business methods. True False 2. Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. True False 3. The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer. True False 4. Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business. True False 5. Top managers use social intelligence to define the future of the business, analyzing markets, industries and economies to determine the strategic direction the company must follow to remain unprofitable. True False 6. A variable is a business intelligence characteristic that stands for a value that cannot change over time. True False 7. Companies update business strategies continuously as internal and external environments change. True False 8. For an organization to succeed, every department or functional area must work independently to be most effective. True False 9. Porter's Five Forces Model outlines the process for a sales strategy. True False ...
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