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

Nielsen to track video game use

"It's not the old media world anymore," said Michael Cai, analyst with Parks Associates in Dallas, who estimates that spending on advertising within games will grow to more than $800 million in 201...

Make way for the iPad

Until recently, the price tag for home automation systems ranged from $30,000 to $50,000 and kept the industry stagnant, says Kurt Scherf, a market researcher at Dallas-based Parks Associates, whic...

Software Provides DVDs on Demand

With the software, retailers could download specific films requested by customers, who can place their orders online. The DVDs would then be delivered by mail or picked up at in-store kiosks simila...

IPO May Help Shutterfly Compete

Online photo companies have a high level of customer loyalty, said Harry Wang, a research analyst at Parks Associates. After a customer accumulates a lot of pictures on an online photography site,...