AMC Entertainment Holdings today announced the signing of a non-binding memorandum of understanding with the public investment fund of Saudi Arabia. In line with the fund’s mandate to help unlock promising new sectors within the Kingdom of Saudi Arabia, PIF and AMC Entertainment will explore a range of commercial opportunities for collaboration that will support the growth of the Kingdom’s entertainment sector.
Belgium based Kinepolis Group has completed its acquisition of Landmark Cinemas in Canada. In mid-September, Kinepolis reached an agreement with the shareholders of Landmark Cinemas to acquire the company subject to Canadian regulatory approvals. The approval by the Minister of Canadian Heritage, The Honorable Mélanie Joly, on December 7, allowed Kinepolis to successfully complete the acquisition.
Despite the fact that industry stories continue to sound the alarm about box office woes, Studio Movie Grill, based in Dallas, says that in 2017 it has experienced major increases in off-peak attendance as well as with smaller films. The company credits MoviePass for much of that success
Cineworld, the U.K.’s largest cinema operator, has acquired Regal, one of the largest theatre circuits in the U.S., for a reported $5.9 billion. The deal would create the world’s second-largest movie theater owner and enable Cineworld to better compete with AMC Entertainment, which is owned by the Chinese conglomerate Dalian Wanda. The Cineworld-Regal combination would create a company with more than 9,500 screens in 10 countries.
Barco announced today that it has reached an agreement with China Film Company to change the ownership structure of its BarcoCFG joint venture for the Chinese cinema market.
Just in time for Christmas, MoviePass is offering a one-year subscription plan for a flat fee of $89.95 and a $6.55 processing fee. Existing MoviePass customers will receive 25 percent savings from their current $9.95 per month plan if they subscribe to the new one year MoviePass subscription plan.The one-year subscription plan will be available only for a limited time.
MoviePass has expanded its leadership team and named Bernadette McCabe as senior vice president of exhibitor relations. McCabe, a proven industry veteran and former Screenvision Media executive with more than 16 years of experience, will be responsible for growing and developing the company’s relationships with movie theater exhibitors. She will spearhead strategic initiatives across marketing and business development, provide financial insights for how theaters can glean the most value from MoviePass data and analytics, and evaluate opportunities to increase collaboration between theaters and movie studios.
Ymagis Group today reported its consolidated financial results for the third quarter 2017 and first nine months of the 2017 fiscal year, ending September 30. Ymagis Group’s activities resumed growth, with the consolidated financial results for Q3 2017 slightly up at €43.2 million, for an increase of +2.1 percent, driven by the group’s services activities.
Arts Alliance Media today announced that it has been acquired by Shandong Luxin-Rio Visual Technology of Qingdao, China. The acquisition complements Luxin-Rio’s existing portfolio of companies and investments in the cinema space.
For the third straight year, Italy’s Mercato Internazionale Audiovisivo has selected WCPMedia Services’ cloud-based media management platform to manage film, television, documentary and gaming content. Relied on by festivals, studios and broadcasters worldwide, WCPMedia Services provided a fast and simple way for producers and distributors to submit projects to MIA and share them, securely, with potential buyers both at the market and around the globe.