Business

National CineMedia Announces 2017 Fourth Quarter Results

Tue, 03/13/2018 - 12:28 -- Nick Dager

National CineMedia today announced consolidated results for the fiscal fourth quarter and year ended December 28, 2017. Total revenue for the fourth quarter decreased 1.3 percent to $140.7 million from $142.5 million for the comparable quarter last year. Adjusted OIBDA decreased 4.4 percent to $82.6 million for the fourth quarter of 2017 from $86.4 million for the fourth quarter of 2016.

MoviePass Names Former Spotify, Viacom Executive Chief Product Officer

Thu, 03/08/2018 - 15:03 -- Nick Dager

MoviePass has named former product leader at Spotify, Viacom and Comcast, Mike Berkley chief product officer. Berkley’s role at MoviePass will be to lead the product strategy and vision for the MoviePass service, as the company continues its efforts to grow its subscriber base and expand technology integrations with exhibitors and other partners.

VAB Appoints Lauren Leff VP Marketing and Communications

Mon, 03/05/2018 - 12:01 -- Nick Dager

The Video Advertising Bureau has appointed Lauren Leff as vice president, marketing & communications effective immediately. In this newly created role, Leff will oversee the organization’s internal and external communications supporting the VAB’s advocacy and dedication to providing advertisers and their agencies with the most current and actionable media insights on the expanding world of premium, multi-screen video content.

Reliance Industries Takes Equity Stake in Eros International

Wed, 02/21/2018 - 10:30 -- Nick Dager

Reliance Industries Limited, through a subsidiary, has agreed to subscribe to a five percent equity stake in Eros International Media Limited at a price of fifteen dollars per share, which represents an 18 percent premium over the stock’s last closing price. The transaction is subject to customary regulatory and other approvals. Furthermore, RIL and Eros announced that they have agreed to partner in India to jointly produce and consolidate content from across India.

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