Boxoffice Pro - April 2020

INDUSTRY TRADE TALK
CINEASIA SETS RETURN
TO BANGKOK IN 2020
CineAsia is heading back to Thailand.
Following an unforeseen cancellation
of CineAsia 2019 due to mass protests
in Hong Kong, the Film Expo Group is
relocating the 2020 edition of the event to
Bangkok, Thailand, December 7–10, 2020.
The convention will take place at the Royal
Paragon Halls at the Siam Paragon mall,
with screenings and presentations at the
Paragon Cinema.
“The support from local exhibition [in
Bangkok] is extraordinary, the theaters are
the best designed and most technically
enhanced theaters in the world, and the
cinema is on the same level as the
convention center,” according to Robert
and Andrew Sunshine, the co-managing
directors of CineAsia.
“Major Cineplex Group is thrilled that
its Siam Pavalai Royal Grand Theater at
Paragon Cineplex, which has been named
Thailand’s most exquisite grand theater,
has been selected as the projection venue
for this international film exposition.
The company is honored to welcome
executives in the motion picture industry
and other notable figures from all around
the globe who will be attending the event,”
said Vicha Poolvaraluk, chief executive
officer of Major Cineplex Group Public
Company Limited.
CINEMARK HAS
FIFTH YEAR OF
RECORD REVENUES
Cinemark is experiencing a
half-decade of global growth. The
Texas-based multinational circuit reported
that total revenues for the 2019 fiscal
year increased 1.9 percent year over year,
coming to $3,283.1 million. Admissions
revenues were $1,805.3 million, and concession
revenues increased 4.7 percent to
$1,161.1 million. Fiscal-year attendance
was 279.6 million patrons, average ticket
price was $6.46, and concession revenues
per patron increased 5.6 percent to $4.15.
“We are extremely pleased to report
our fifth consecutive year of record global
revenues, as well as our fifth consecutive
annual dividend increase,” said Mark
2019 saw record
admission revenue from
Cinemark’s premium
large-format XD screens.
18 April 2020