Is the UK cinema exhibition industry attractive in 2003? How do you expect its attractiveness to change over the next five years?© BrainMass Inc. brainmass.com June 3, 2020, 9:10 pm ad1c9bdddf
Is the UK cinema exhibition industry attractive in 2003? How do you expect its attractiveness to change over the next five years?
The UK cinema exhibition industry is not attractive in 2003. The reason is that admissions in 2001 were 156 million worth 974 million pounds and were rising annually at the rate of 4% every year. This shows that exhibition industry is a growing industry and the sales are likely to increase every year. However, there are several competitive forces that make the exhibition industry not attractive.
There is an increasing number of multiplexes and these are devising new methods of attracting customers. The industry is not attractive because the growth of multiplexes is increasing the number of persons that are viewing cinemas. The growth of the cinema goes is increasing also because the more attractive high budget films are being made in larger numbers, these lead to a higher number of persons ...
This answer provides you an excellent discussion on UK cinema exhibition industry