More than 96,000 respond to the first Global Cinema Federation Movie-Goer survey - 'New Box Office records will continue to be set, as supply meets demand'

SYDNEY, Dec. 12, 2024 /PRNewswire/ -- The Global Cinema Federation ('GCF') representing global cinema exhibition and was created to support a healthy global cinema industry. It represents 15 global cinema businesses including EVT. More than 70% of Global Box Office is generated by international markets outside of the US domestic market, and the GCF recognises the importance of better educating the entire film ecosystem about the global market.

GCF Chairperson and EVT CEO Jane Hastings commented, "There are three areas that the Global Cinema Federation is currently focussed on to ensure a more accurate reflection of global cinema experiences and global movie-goers. Firstly, around 70% of Global Box Office is generated outside of the USA, so enabling a broader understanding of global movie-goer preferences is important.

Secondly, there is a wealth of innovation in cinema experiences globally delivering strong results, and we want to better educate the entire film ecosystem. 

Finally, the GCF is investing in better understanding the financial impact of piracy to support the industry in adjusting strategies to protect film revenues effectively".

One of the most recent GCF initiatives has been their first global movie-goer survey, generating more than 96,000 responses across 14 countries including the key regions; Asia/Pacific, Europe and North America. The survey highlighted that respondents want to watch movies in cinemas, with only 5% of those surveyed preferring to watch new movies on streaming platforms. Respondents also highlighted that film appeal is one of the biggest barriers to visiting the cinema. Across all demographics, respondents want more action/adventure films (59%) a genre well represented in cinemas, and more comedy (53%) films, a genre currently underrepresented in cinemas. Females (55% of respondents) are also seeking more romance (39%) and drama (41%) films in cinemas, also genres underrepresented in the near-term film release schedule.

The cinema industry has faced a dearth of supply following COVID and industry strikes, creating a supply issue for the global exhibition industry. However, the film slate is now showing positive signs of recovery and demand for the cinema experience across all demographics remains strong. Several box office records were broken in 2024 including Inside Out 2 which has become the highest grossing animated film in history, and Deadpool & Wolverine which has earned the title of the highest grossing R-rated movie in global cinema history.  

The frequency of cinema visits is directly correlated with volume of films released that appeal to each movie-goer demographic.  The recent release of Moana 2, Wicked and Gladiator II all with broad and varying appeal to differing demographics, is recreating an unmissable cinema event, and individually Wicked and Moana 2 are already breaking records.

Another current focus for the GCF is movie piracy and the wider impact on the industry. The GCF has engaged global piracy intelligence and audience measurement leader MUSO, to better track the impact of windows in relation to piracy. It is recognised that investing in anti-piracy is not only about stopping illegal streams or downloads it is about understanding the financial impact of piracy and supporting the industry to adjust strategies to protect revenue effectively. Notably, there is a significant surge in piracy activity on the day of or immediately following a film's VoD release, coinciding with the availability of high-quality versions for illegal consumption. The shorter the theatrical window, the faster high-quality versions are available to drive a spike in piracy. Whilst window policies and lengths can vary by country, a shorter theatrical window for a film in one country drives a spike in piracy for that film globally, likely impacting the full potential commercial performance of that film.

The GCF also launched globalcinemafederation.com, featuring a convenient reference point for global industry insights, including experience innovation. The cinema experience continues to evolve providing movie-goers with more choice on how they can choose to watch a movie. There are an increasingly wide range of seating options, cinemas dedicated to families, high-tech premium large screens and boutique food and beverage offerings.  An international trend proving successful is providing a range of seating options to better represent budgets and preferences within the same auditorium.

The cinema experience continues to evolve and as supply recovers to better meet movie-goer demand, the industry can continue to set new box office records.

Research infographic:

About the GCF (www.globalcinemafederation.com)

The Global Cinema Federation (GCF) represents global cinema exhibition and was created to address major issues and support a healthy global cinema industry. The GCF Executive Committee includes CEOs of the top 12 exhibition companies and 3 leading industry bodies globally.  The focus areas for the GCF are reviewed and set annually by the Executive Committee, seeking import from the Advisory Board which includes 75 exhibitor companies and 29 associations. Collectively, the GCF represents approximately 65 -70% of global box office.

Executive Committee members

•  AMC Theatres

•  CGV

•  Cinemark

•  Cineplex

•  Cinepolis

•  Cineworld

•  Event Cinemas / EVT

•  Kinepolis

 

•  NATO

•  Pathe

•  PVR INOX Limited

•  TOHO Cinemas

•  UNIC

•  Vue International

•  Wanda

 

CONTACT: Amy Wagner, amy_wagner@evt.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

More than 96,000 respond to the first Global Cinema Federation Movie-Goer survey - 'New Box Office records will continue to be set, as supply meets demand'

GRENOBLE, France and GENEVA, Dec. 12, 2024 /PRNewswire/ -- Quobly, a cutting-edge quantum computing startup, today announced a transformative collaboration with STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, to produce quantum processor units (QPUs) at scale. By leveraging STMicroelectronics' advanced FD-SOI semiconductor process technologies, this collaboration is set to make large-scale quantum computing feasible and cost-effective, positioning both companies at the forefront of next-generation computing technologies.

Quobly aims to break the 1-million-qubit barrier by 2031, targeting applications ranging from pharmaceuticals, finance, materials science and complex systems modeling, including climate and fluid dynamics simulations. Together, the two companies aim to achieve a breakthrough in quantum computing by utilizing their common expertise in FD-SOI, driving down R&D costs, and addressing the market's demand for scalable, affordable quantum computing processors.

In the first phase of the collaboration, Quobly and ST will adapt ST's 28nm FD-SOI process to match Quobly's requirements, targeting a 100 Qubit Quantum Machine with proof of scalability beyond 100k physical qubits. ST will leverage its integrated device manufacturer model to bring Quobly its ability to bridge co-design, prototyping, industrialization and volume production at scale in 300mm fabs using FD-SOI, a technology it has developed and exploited commercially for years across automotive, industrial and consumer applications.

Maud Vinet, CEO of Quobly, expressed her enthusiasm: "This collaboration is unparalleled in the quantum computing landscape. Working closely with STMicroelectronics will fast-track the industrialization of our quantum processor technology by several years. We are thrilled to leverage ST's semiconductor manufacturing expertise, which will speed up the development of a fully fault-tolerant quantum computer. We aim at breaking the 1-million-Qubit barrier by 2031, with applications ranging from pharmaceuticals, finance, materials science and complex systems modeling, including climate and fluid dynamics simulations."

Remi El-Ouazzane, President, Microcontrollers, Digital ICs and RF products Group at STMicroelectronics, said: "Quantum computing will transform the world, starting with AI, chemistry, security and supply chain applications. This collaboration is building on ST's IDM strengths, centered around our Crolles facility, integrating together our process R&D expertise, our circuit design know-how and volume manufacturing. We truly believe that pairing Quobly's quantum expertise with ST's FD-SOI knowledge and manufacturing will allow to accelerate economically viable, large-scale quantum computing solutions."

"In the future, to be successful, quantum computers still need to work on SWaP-C (size, weight, power, and cost)" explains Eric Mounier, PhD Chief Analyst, Photonics & Sensing at Yole Group. "This is also where semiconductor qubits have a big advantage in scalability by leveraging CMOS wafer-scale manufacturing. Although quantum technologies are long-term, the investment time is today. To that respect, today's collaboration agreement between STMicroelectronics and Quobly could mark a major step for cost-efficient and more scalable quantum computing processors" (1)

(1) Source: Quantum Technologies 2024 report, Yole Intelligence. 

About Quobly

Quobly is a pioneer in the development of a fault-tolerant quantum computer based on semiconductor qubits. With a breakthrough method, Quobly addresses both techno-scientific challenges as well as industrial production, paving the way for mass production of the millions of qubits essential for practical, large-scale quantum computers. Based in Grenoble, the startup is the result of 15 years of collaborative research between internationally recognized RTOs, CEA Leti and CNRS. Founded in 2022, Quobly has brought together a team of experts from the semiconductor industry and distinguished researchers in quantum technologies. In 2023, Quobly made headlines with a seed round of 19 million euros, establishing a new record for seed funding of a European startup in the quantum sector. https://quobly.io/ 

About STMicroelectronics

At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 by 2027. Further information can be found at www.st.com

QUOBLY
Andrea Busch
andrea.busch@quobly.io

STMICROELECTRONICS

INVESTOR RELATIONS
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
jerome.ramel@st.com 

MEDIA RELATIONS
Alexis Breton
Group VP Corporate External Communications
Tel: +33 6 59 16 79 08
alexis.breton@st.com 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Quobly Forges Strategic Collaboration with STMicroelectronics to Accelerate its Quantum Processor Manufacturing for Large-Scale Quantum Computing Solutions