Going forward, 3D releases will be decreasing - at least - over the next several years. This year there will be about 40 3D releases. According to what the studios are now forecasting, that number will be decreasing by 25% in 2012 to 30 3D releases and to only 15-20 releases in 2013.
"People are feeling burned", states Jeff Bock, box office analyst at Exhibitor Relations (a firm that tracks trends of Theatre Owners) "and all the studios are pulling back on 3D."
This anticipated decline in 3D movies marks a sea-change in how the industry views the 3D technology. 3D was the tail wagging the dog. The studios thought that if you slapped 3D on a movie, presto, you have a hit - they were wrong (of course, this is nothing new, one just has to look at the Digital-cinema fiasco for unbridled stupidity).
The studios are finally learning that they need to be judicious with the use of 3D (and digital) technology. The industry - both distributors and exhibitors - continue to struggle with investments that offer diminishing or no returns. For example, 3D admissions once totalled 60% or more of a movie's box office take, now the 3D take is less than 40%. Several studios have even begun advertising that the films are available in "glasses free 2D".
Yes, 3D to 2D conversion |
Readers of this blog know I want the cinema industry to thrive and prosper. To do so emphasis and investment should be placed on improving the movie going experience and not on investments in expensive, non-productive, non-revenue generating digital projection equipment!
Cheers and Happy Movie Going!
Jim Lavorato
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