The Modern Cinema Group has opened a London office for its new media exchange now named the MOCI Media Exchange. With the help of the finance team working for the Dubai-based Pride Group, London was selected as an ideal location for the new media exchange due to its favorable geographical location as well as its long history of hosting successful international exchanges.
MoviePass today announced MoviePass Ventures, a wholly owned subsidiary founded to co-acquire films with film distributors. The announcement was made at The Sundance Film Festival during MoviePass’ content series Off-Script: The Future of Film to a room of filmmakers, producers, directors, investors, distributors, and other industry executives.
MoviePass has signed a media partnership with iHeartMedia, a leading U.S. multi-media company. The new agreement includes an extensive marketing campaign across iHeartMedia’s multiplatform network including radio, digital, social and live events to help build further brand awareness of MoviePass and target new subscribers in select U.S. metro markets that have active movie-going audiences. In addition, iHeartMedia will be an authorized reseller of ad inventory across the MoviePass website and mobile app.
Less than 30 days after announcing its milestone of one million subscribers, MoviePass announced today that it has added another 500,000 new paying subscribers since December 12, 2017. MoviePass is a majority-owned subsidiary of Helios and Matheson Analytics.
CJ 4DPlex says it finished 2017 with record gross box office and attendance for its 4DX immersive seating cinema format. Additionally, the company says, more new 4DX locations opened in 2017 than any other year, reaching 475 locations worldwide.
In response to the patent infringement lawsuit filed by RealD against it Volfoni today issued the following official statement on innovation to the cinema industry:
MoviePass announced today that it has surpassed one million paying subscribers, an increase in its subscriber base by more than 6,500 percent since the introduction of its $9.95 per month pricing model in August. The company says it has reached this milestone in less time than Spotify, Hulu, and Netflix.
RealD today filed a complaint with the District Court (Landgericht) in Düsseldorf, alleging that Volfoni SAS, Volfoni GmbH and CinemaNext Deutschland have infringed three of RealD’s European patents by the importation, sale, or offer for sale of the Volfoni SmartCrystal Diamond cinema systems in Germany. In the complaint, RealD requests an injunction banning the sale of the infringing devices and seeks financial damages.
THX has entered into a strategic partnership with China Film Giant Screen, a subsidiary of China Film Group, for both technology and business collaborations.
MoviePass and Fandor today announced that both companies are partnering with Costco to offer a one-year subscription plan for a flat fee of $89.99. The package deal for both services is available exclusively to Costco members and covers a year of membership for both MoviePass and Fandor. The offer will only be available online at Costco.com for one week, from December 12 to December 18, 2017.