Cineworld Group and Cinemark Holdings have agreed to buy the remaining units of National CineMedia currently owned by AMC Entertainment, 21.5 million units for approximately $156.8 million. Cineworld and Cinemark will each acquire half of the units and will fund the transaction with available cash.
Reel Cinemas has announced that it is adding a ScreenX screen to its theatre in The Dubai Mall, which is the world’s largest and most visited retail and entertainment destination and welcomes more than 80 million visitors every year.
Cinionic, the Barco cinema joint venture, will be the exclusive laser projection provider for Kinepolis. The replacement of hundreds of existing and new screens with Barco laser projectors will take place over the next three years across Western Europe and Canada.
One of the biggest exhibition news stories of 2018 was the return of cinemas to the Kingdom of Saudi Arabia after a 35-year ban. Vista Entertainment supported AMC Entertainment and the Development & Investment Entertainment, a subsidiary of Saudi Arabia's Public Investment Fund, tin their efforts to open the country’s first commercial cinema this past April.
The Walt Disney Studios and Marvel Studios’ upcoming film Ant-Man and The Wasp will be released in ScreenX, CJ4DPlex’s panoramic film format. Ant-Man and The Wasp is set to premiere around the world beginning July 4.
The Odeon Cinemas Group has agreed to install seven Dolby Cinemas, marking the premium large format’s first implementation in the UK. Additionally, Odeon Cinemas Group has confirmed that Dolby servers, processors, and speakers will be utilized for all of its European entities going forward.
Cineworld Group says it will open 100 ScreenX locations at its theatres in the next few years. The agreement, which marks a major milestone for both companies, will include installing the multi-projection cinematic system in 10 different countries: U.S., U.K., Israel and seven other European countries.
MoviePass announced today that it has exceeded three million paying subscribers since announcing its low-cost subscription plans last August. The company says MoviePass’ rapid growth is within its projections that estimate the service will exceed five million paying subscribers by the end of 2018.
The Kuwait National Cinema Company has signed an agreement with CJ 4DPlex to bring its panoramic film-viewing experience ScreenX to the Middle East. The agreement represents the first ScreenX screen to be installed Kuwait.
Disney•Pixar’s Incredibles 2 will be available on the TheaterEars app, enabling moviegoers who prefer Spanish to enjoy it at movie theatres across the US and Puerto Rico.