Spider-Man, Guardians, Transformers! Summer Blockbusters Draw Theater Owners to CinemaCon

Spider-Man, Guardians, Transformers! Summer Blockbusters Draw Theater Owners to CinemaCon

Marvel

Exhibitors are flocking to Las Vegas trade show to catch glimpse of studios’ slates

What a difference a year makes.

CinemaCon, the annual exhibition industry trade show unfolding this week in Las Vegas, dawns as theater owners are basking in the glow of unexpected box office hits such as “The Lego Movie” and “Ride Along.” These films and others have helped push domestic ticket sales to over $2 billion, an 8 percent jump from the previous year, and there is a great feeling of optimism that upcoming releases such as “Divergent” and “Captain America: The Winter Soldier” will continue to keep seats filled.

In contrast, last year's CinemaCon landed with a box office mired in one of its worst slumps in recent memory. The setting in Caesars Palace brought to mind the flickering end of a certain ancient empire instead of the Pax Romana.

Also read: Christian Bale Is David Fincher's Choice to Play Steve Jobs in Sony Movie (Exclusive)

“The state of the business is strong right now and our members have confidence in what's going on,” said John Fithian, president and CEO of the National Association of Theatre Owners, an exhibition trade group. “Last year we had a dearth of diverse movies at this time, but this spring there's been more for different demographics and ethnicities and that's driving the market.”

But exhibitors’ memories are short and their eyes are usually fixed on the horizon. The more than 5,000 theater owners, studio executives and vendors are flocking to Sin City to get a preview of the films they hope can help the 2014 box office eclipse last year's record-setting numbers.

“This year's convention is going to offer more of everything for everyone than ever before,” Mitch Neuhauser, the convention's managing director, told TheWrap.

Also read: ‘Amazing Spider-Man 2' Star Emma Stone Cries Like a Tween in Front of Scary Spice (Video)

To that end, seven studios — a list that includes Disney, Lionsgate, Warner Bros., Fox, Paramount, Sony and Universal — will present the best of their summer and holiday slates. If history is any guide, it will be a barrage of film clips and appearances by stars of blockbuster hopefuls such as “Transformers: Age of Extinction,” “X-Men: Days of Future Past,” “The Amazing Spider-Man 2,” “Guardians of the Galaxy” and “Interstellar.” A few studios will screen upcoming releases in their entirety, as Universal and Lionsgate plan to do with their upcoming comedies “Neighbors” and “Draft Days.”

Sometimes these teases can result in a groundswell of support for under-the-radar titles, as was the case last year with Fox's “The Heat,” starring Melissa McCarthy and Sandra Bullock, and the previous show with Universal's “Ted,” Seth MacFarlane‘s R-rated comedy starring Mark Wahlberg. Other times, they add to a drumbeat of bad buzz for a picture (even in preview form, most exhibitors had a sinking feeling about “After Earth” and “RIPD”).

See photos: 60 Upcoming Films – From ‘Amazing Spider-Man’ Sequel to ‘Transcendence’

Prior to the internet, these presentations were essential for theater owners who were trying to determine what movies they would book over the coming months. Nowadays most exhibitors have already decided which films they plan to show over the remaining nine months of the year. They may change the number of screens they allot to a particular picture based on the reaction among their fellow theater owners, but aside from a few alterations at the edges, these figures won't be dramatically overhauled.

Instead, Fithian argues the value is in getting exhibitors fired up about a particular film.

Also read: 15 Movies We're Dying to See This Spring, From ‘Noah’ to ‘Divergent’

“It helps make cinema owners aware of the themes of certain films which translates into grass roots marketing,” he said. “It's everything from how they get their attendants to talk about a certain picture to where they place their in-theater displays and standees.”

There's also an increased emphasis on new technology. Major theater chains are at the end of an exhibition overhaul that has seen them convert from film to digital projectors. That shift has led to a greater adoption of big screen offerings such as 3D and faster rates of projecting. It's a speed of change that Fithian predicts will only accelerate. This year's CinemaCon will offer up demonstrations and discussions about exhibition enhancements in various stages of development such as laser projection, higher-frame rates and immersive audio systems.

Also read: 9 Burning Box Office Questions: Can ‘Divergent’ Live Up to the Hype? Will ‘Veronica Mars’ Validate Crowdfunding?

“The industry essentially relied on the same technology for 100 years, but in the last few years all that changed,” Fithian said.

The other great benefit for those navigating the baccarat tables and roulette wheels at Caesar's is the opportunity to network at the world's largest gathering of theater owners.

“Many years deals will take place there or ones will happen soon after,” Joel Cohen, CEO of the online ticketing hub, MovieTickets.com, said. “Sometimes you just have positive conversations that lead to deals happening in the future. It's worth going to touch base with folks.”

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  • Daniel Sterling Sample

    Dear Dimwitted American Taxpayers, Why would any major Hollywood Studio want to shoot a feature in Hollywood? The unions, God bless ‘em, have jacked up the labor costs in Hollywood. A number of states offer tax incentives that California can't (or won't) offer. The studio heads are falling all over themselves, trying to set up co-productions with China to circumvent the quota of films allowed to be shown on Chinese screens (think WORLD WAR Z). American special effects houses are folding or selling out to Chinese studios every day. The Hollywood Studios are like a pack of whores who will go anywhere in the world where they can save turn a buck. They much prefer to shoot outside the country where it is easier to exaggerate the costs of shooting a film and infinitely easier to keep profits outside the country and away from the tax collector. For you who do not understand, this is called money LAUNDERING, which the Hollywood Studios have institutionalized. sample.daniel@gmail.com
    Daniel Sterling Sample in beautiful downtown Hollywood.

  • Daniel Sterling Sample

    Dear blind, deaf and dumb American Taxpayers, The Hollywood Studios are run by “THE FAMILY”. They also control much of the news media. Only a small portion of the profits generated outside America's borders ever returns to America's shores to be taxed. If the Hollywood Studios were ever audited by the IRS, the Studios would have to close their doors and turn over the keys to the Federal Government for sale to highest bidder. We are talking tens of billions, perhaps hundreds of billions of dollars. “THE FAMILY” has bought Congress and our present President many times over. Money is no object. This nifty little operation has served “THE FAMILY” for at least half a century. Currently, the White House is leaking news regarding the possible release of a spy/traitor who was given a life sentence for betraying the CIA and America. President Obama is testing the waters to see just how American citizens will react to his release. President Obama is thumbing his nose at you, America. Please bend over and drop your panties….
    sample.daniel@gmail.com Daniel Sterling Sample in beautiful downtown Hollywood…..