Providing market intelligence for more than 35 years

Los Angeles Times

Now showing in rich people's homes: first-run movies

"There are thousands of people out there, if not tens of thousands of people, that could buy this product," Pang said. "We found the secret sauce to make billionaires act like little giddy schoolchildren."

A survey of 1,000 U.S. home builders found that 29% of residences they built in 2011 included home theaters, up from 20% a year earlier, according to market research firm Parks Associates.

From the article, "Now showing in rich people's homes: first-run movies" by Daniel Miller.

Previously In The News

After initial flop, Google will try again to launch Android TV

Barbara Kraus, market research director at Parks Associates, said about a third of U.S. households with broadband Internet have smart TVs, a percentage expected to double by 2018. But the top t...

Why not pull the plug on cable

Not subscribing to a cable, satellite or telco provider does have some downsides. It means saying goodbye to ESPN and other popular networks that air things as they happen, although some news servi...

Hard-core gamers turning to social networks

It's not just time. "Camelot" players also spend more money. The average social game on Facebook succeeds in getting between 2 percent and 5 percent of players to spend money on the game, according...

Former Apple exec markets a thermostat for the iPhone generation

Getting the average homeowner to take an interest — and make an investment — in managing energy is a chronic problem for the industry. But it's the wave of the future, and utilities, service provid...