Tim richardsFounder and CEO of Vuyi Europe’s largest private -owned cinema operator, Entertainment, has said that the cinema exhibition business is ready for a strong comeback after the disintegration of the exhibition and Hollywood strike. Richards also gave the main speech at the European Digital Cinema Forum (EDCF) Convention on Wednesday.
“After ten years from now, we (upcoming) are going to see ‘Avatar’ and think it was the end and beginning,” Richards told Diversity“In the last five years, with epidemic and attacks, and with the beginning of a new era of the film, whatever is, its end.”
Accepting that UK box office In 2024 compared to 2023, it was flat, Richards pointed to dull effects from Hollywood attacks as primary criminals rather than any fundamental change in the behavior of the audience.
Richards said, “What we are seeing is after the attack.” “Even during the strike, we saw filmmakers across Europe. And the reason for this was, if you are a filmmaker, then your dream is to do a Hollywood film at some point in your career, and you don’t want to do anything that is in danger due to this. ,
The Vue chief reported that the production did not resume meaningfully by February and March of 2024, the issue of a supply chain still affects the dramatic release. He said, “We had to face it in “23 and” 24, and we are going later in 25, “he said. “During that period, we have broken all records for all styles and all demographics films, and it again proves that we have a supply issue and not a demand issue.”
Richards cited the success of films like “Inside Out 2” and “Deadpool and Wolverin”, which is evidenced by the audience that the audience is eager for dramatic experiences. He hopes that 2025 at the box office will not “” not at 24 “on” 24 on up “before a significant abduction at the box office. Richards has predicted that “26 and” are going to be an extraordinary years, which look at the sheer width of films, “Richards predicted.
Executive welcomed the completion of the multiplex series Financial reorganization of cinewardSuggesting that it allows the region to turn on a page. “It has been a difficult run for everyone. Richards said that everyone had a difficult time, and the cinewards were actually the last person to come out and go through their process. “It is good to return them, and it is good because the story on the area can now start changing again, as there is opposition to bad news about restructuring and refinance.”
The continuous success of premium formats confirms the optimism of Richards. Vue is expanding its luxury offerings, with the company plans to launch its premium large format (PLF) screen, maintaining the current partnership with IMAX and Dolby.
Richards said, “We are going to launch our own PLF soon.” “They are going to be a set of criteria that will be a very high standard … Increased laser projector with incredible dolby atomos sound system, very large screen with reclineer seats.” The company recently opened a next generation of cinema in Swinden, UK, including all-reclusive seating, an IMX screen and new ultra lux premium seats with integrated wine coolers.
Vue AI has been the initial adoption of technology, which has been in charge of booking of films for almost nine years. Richards said, “AI determines which cinema we show, on which screen and at what time,” Richards said, helped the system to understand customers’ preferences in European markets and credited the system. Richards said, “As a result, we play 50% more films at any time than our major contestants, and 46% of all films that we show in the UK are foreign language films.”
Following VU’s leading move to eliminate traditional box offices in 2003, the series has also completely removed the concession. “Our attention is that our customers take them to their seat from bus stop or parking lot. We are trying to finish the queue. We are trying to make the whole process a little more exciting, ”he said. “We now have a huge lineup of retail products for customers-three times as much as we were able to do behind a concession stand, and we are six to 12 months away from checking out full Amazon-style.”
The recent expansion of Vue in distribution through Vue Lumiere shows that Richards said “Turning the Clock Back” in the early days of the company, when it co-produces films with the Isle of Man. Richards said, “We saw a difference in the market for small films, small independent films and foreign language films,”
“We are expecting to do between six to 12 films in a year, and our final goal is below the road – not this year, maybe not next year – again to go back to our roots and small independent films Start looking at the production, “he said.
Asked about possible conflicts with other distributors, Richards emphasized cooperation: “We are not trying to compete with anyone. We only saw a difference in the market that we are really trying to fill. We are bringing these films for everyone, not only Vue customers. ,
Richards expressed optimism of better relations between exhibitions and studio post-pandemic, while making sounds that streaming services would embrace dramatic distribution more widely, especially referring to Netflix.
“Netflix has found some amazing movies and documentaries and TV shows. We want to show all our content on our screen, “Richards said. “Emilia Perez” was an incredible film that was worthy of watching on a big screen, and unfortunately. It had a very limited, small release. And for a film that is good, it is a comprehensive worldwide. Dramatic release is worth.
Despite the ongoing challenges in the exhibition scenario, Richards are confident of the future of cinema: “I am very fast on the future of our industry.”
