$1.4bn
$XXX.Xm
11,410
363
$XXX.Xm
Cinema operators have faced significant challenges in recent years. Intensifying competition from other sources of entertainment, like SVOD services, has negatively affected demand. Volatile economic conditions have also made it difficult for cinema operators to boost patronage and average spend. In response, cinemas have tried to differentiate the cinema experience from other forms of entertainment. Operators have upgraded their projection systems and renovated their cinemas to include more premium offerings, including recliner seats and gourmet food and beverage options. However, public health measures implemented in response to the COVID-19 pandemic forced cinemas to close temporarily or operate at reduced capacities. Cinemas' revenue is expected to contract at an annualised 7.9% over the five years through 2023-24, to $1.4 billion. This trend includes an anticipated drop of 2.4% in 2023-24, largely due to ongoing cost-of-living pressures.
Industry revenue has declined at a CAGR of 7.9 % over the past five years, to reach an estimated $1.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Event Hospitality & Entertainment | 376.3 | |
Hoyts | 353.3 | |
Village Roadshow | 254.2 |
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Industry revenue is measured across several distinct product and services lines, including Film screenings, Food and beverages and Screen advertising. Film screenings is the largest segment of the Cinemas in Australia.
Competition from SVOD services is harming demand for film screenings
The Cinemas industry includes companies that provide screenings of commercial motion pictures to the public. The industry includes independent and chain operators, with establishments ranging in size from single-screen theatres to multi-screen multiplexes. The industry also includes film festival operators.
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ANZSIC 5513 - Cinemas in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Revenue from ticket sales has plummeted. Even after pandemic restrictions were removed, an increasing preference for viewing movies via streaming services instead of at cinem...
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Cinemas are typically located in highly populated areas. This is to increase the potential pool of customers, creating more opportunities for ticket sales.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition for cinemas has risen in recent years. This has primarily come from SVOD services, which offer people a convenient movie watching experience at home.
Learn about the performance of the top companies in the industry.
The largest cinemas have expanded their presence in the market. This has been supported by their increased investment in premium concepts and their opening of new sites.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Real household discretionary incomes significantly affect demand for cinemas. Higher incomes allow for more discretionary spending, increasing demand for cinemas.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cinemas have suffered reduced profitability due to fierce competition from SVOD services. Rising cost-of-living pressures have constrained cinema operators' attempts to boost...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Cinemas industry in Australia is $1.4bn in 2024.
There are 363 businesses in the Cinemas industry in Australia, which has grown at a CAGR of 0.9 % between 2019 and 2024.
The market size of the Cinemas industry in Australia has been declining at a CAGR of 7.9 % between 2019 and 2024.
Over the next five years, the Cinemas industry in Australia is expected to grow.
The biggest companies operating in the Cinemas market in Australia are Event Hospitality & Entertainment, Hoyts and Village Roadshow
Film screenings and Food and beverages are part of the Cinemas industry.
The company holding the most market share in Australia is Event Hospitality & Entertainment.
The level of competition is high and increasing in the Cinemas industry in Australia.