Cinemark Deploys First VR Installation, Plans of Expansion Across Cinema Theater Chain

Alexis Macklin, Research Manager Client-Only, Insight Articles, Location-Based Entertainment, Location-Based xR Intelligence Service, Media & Entertainment, Virtual Reality

Print Friendly, PDF & Email

The following is part of our Location-Based xR Intelligence Service, which includes data, analysis, and insights about the use of virtual and augmented reality at arcades, family entertainment centers, cinemas, theme parks, shopping malls, museums, and other venues.

In a move toward market differentiation, Cinemark has opened its first VR installation, in partnership with Spaces in San Jose, California. This location is the first of many coming to Cinemark lobbies in the U.S. this year.

The investment in VR installations is not a far-fetched idea for a theater chain. Cinemas are seeing less traffic as they compete with each other and with growing streaming services. Consumers are going to the movies less often than five years ago, with audiences preferring the comfort and convenience of their home theater. This has lead theater operators, including Cinemark, to deploy premium recliners, experiences, and food and beverages to create a next-level theater experience. VR is a natural next step of this.

The remainder of this analysis is restricted to Intelligence Service subscribers. Contact us to receive our Intelligence Services.