Exhibition News

From Reuters: Consumer spending on filmed entertainment will rise to $111.2 billion in 2012 from $85.9 billion last year, driven by Asia-Pacific growth and digital upgrades in homes and theaters, according to a report released on Wednesday.

The PricewaterhouseCoopers Global Entertainment and Media Outlook: 2008-2012 said box office spending would increase at a 6.1 percent compound rate yearly to $36.9 billion by 2012, outpacing home video spending, which will grow at a compound annual rate of 4.9 percent. Box office revenue will grow on 3D and digital upgrades and rising screen numbers outside North America, the report said.