The movie theater industry is set for further growth, despite increasing competition with online, on-demand, and at-home media consumption.
The entertainment business has been undergoing massive upheaval recently, with streaming video services such as Netflix (NFLX) and Amazon Prime (AMZN) generally stealing younger generations away from the movie theater experience.
In its third-quarter of 2018 earnings, Netflix, for example, boasted a 31% year-on-year subscriber gain to nearly 7.0m - a new Q3 record. The company had also trounced market expectations, with earnings of US$0.89 per share compared to less than US$0.70 EPS anticipated, while revenues