Movie ad seller National CineMedia launching high-end theater network LuxeNet

In a push to lure high-end brands to the cinema advertising circuit, National CineMedia announced today the launch of LuxeNet, a portfolio of 130 of its premium movie theaters in high-income areas of key U.S. cities. According to Nielsen data, NCM is the country’s most prominent cinema advertising group, reaching an estimated 750 million moviegoers annually across more than 1,700 total theaters.  Operated by NCM’s partners including AMC, Cinemark and Regal Entertainment Group, the LuxeNet set of theaters will feature everything from luxury seating to dine-in and bar options, and largely skewed to court a wealthier clientele who may be more inclined to drop some serious cash on pricey products. With the average household income for an NCM patron clocking in at $85,400—nearly $20,000 more than that of the average primetime television viewer—the company and its advertisers are able to tap into two coveted, increasingly critical targets: HNWs (High Net Worth individuals) and HENRYs (High-Earners-Not-Rich-Yet). In addition, NCM data shows approximately 70 percent of their audience members go shopping either before or after a movie. “There are a lot of high-end brands that look for high-end audiences. We wanted to create something specifically for them,” says NCM’s chief revenue officer Scott Felenstein, who helped engineer the LuxeNet concept over the past few months. “Once we build the audience, it gives us an opportunity to talk to brands.” Felenstein, a former... Continue reading at 'Advertising Age'

[ Advertising Age | 2019-07-24 14:06:00 UTC ]

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67M Watched Harris/Trump Debate as Candidates Consider Second Match

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[ AdWeek | 2024-09-12 12:00:00 UTC ]
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Streaming hit multiple new viewership records in July, Nielsen reports

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[ Engadget | 2024-08-20 19:15:29 UTC ]
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Suzanne Scanlon’s Memoir Confronts the Stories We Don’t Tell About Women and Madness

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[ Electric Literature | 2024-07-23 11:00:00 UTC ]
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Streaming accounted for more than 40 percent of TV viewing in June

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[ Engadget | 2024-07-16 20:32:06 UTC ]
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Mortgage for former Goldman Sachs HQ a 'loan of concern'

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[ Crains New York | 2024-07-11 17:49:07 UTC ]
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Future of TV Briefing: Why Yahoo’s DSP adding CTV support for Nielsen rivals matters to the future of measurement

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[ The New York Times | 2024-05-31 22:17:51 UTC ]
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60 Wall St. secures new mortgage at a steep price, proceeds with redevelopment

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[ Crains New York | 2024-05-02 17:53:38 UTC ]
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AANHPI consumers want better brand representation, Nielsen reports

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More than a quarter of readers of YA are over the age of 28 research shows

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Measurement Companies Are Making ‘Big Data’ Moves Ahead of NewFronts and Upfronts

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Horror novel sales boomed during year of real-world anxieties

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Q&A: Nielsen’s CEO on Rolling With Massive Changes in 2024

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Ratings Jump 18% for Biden’s Feisty State of the Union

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