Luxury cinemas around the world to open this year
Luxury cinema chains are set to open in more than 80 countries this year, as the country prepares to celebrate its 150th anniversary.
Luxury cinema chains are among the most popular in the world, and have seen a surge in popularity in recent years, thanks to the rise of social media and the demand for more premium quality entertainment.
With the advent of the internet, people are increasingly able to share information, such as pricing and availability, on social media, said Yossi Katz, executive director of the Luxury Cinema Association, a lobby group representing the leading luxury cinema chains.
In 2016, for example, the number of luxury cinema ticket sales in the U.S. shot up by more than 50% compared to the previous year, Katz said.LUXURY CINEMA ASSOCIATION OF AMERICA The association’s executive director, Yossie Katz, said he believes that the industry is ready for the next phase of its transformation.
The future of luxury film distribution, he said, is bright.