Screenvision has formed a strategic alliance with with Kaos Connect, a newly formed event cinema company. Kaos Connect was founded by former NCM/Fathom executives, Shelly Maxwell and Dan Diamond, who are recognized experts and leaders in alternative content for movie theatres. Kaos will be Screenvision’s exclusive source of event cinema programming beginning in early 2016.
Movio has released insights on the audience buying tickets for Star Wars: The Force Awakens. The opening night audience of Star Wars: The Force Awakens is 70.4 percent male which is 6.5 percentage points greater than opening night audience of Jurassic World (63.9 percent, on par with a typical blockbuster), Movio found.
The Department of Justice has approved the sale of Starplex Cinemas, which operates 33 movie theatres with 346 screens in 12 states, to AMC Entertainment Holdings, Inc. for approximately $175 million, subject to final working capital and other adjustments. The sale and purchase agreement was originally announced in July.
Vista Entertainment Solutions has signed a new agreement with Ymagis Group/dcinex for the sale and distribution of VES cinema management software in Russia and CIS. The new partnership benefits both companies: Ymagis Group/dcinex expands the range of products and services offered by the company’s Moscow team; and for VES, this distribution agreement enables new and extended opportunities to secure cinema exhibition customers in Russia.
Even with such chart-topping titles as Jurassic World and The Avengers: Age of Ultron, 2015’s unadjusted cumulative box office is up only six percent over 2014 and only one percent over 2013. In a recent presentation, a top Movio executive suggested that the film industry is “leaving money on the table” by not paying more attention to underserved sectors of the movie going audience, namely women.
Cinedigm has appointed four new independent directors – Blair Westlake, Andy Schuon, Zvi Rhine, and Patrick O’Brien – to its board of directors, effective immediately. With the appointments announced today, the two current vacancies on the Board are filled and the size of the Board will go from 8 to 12 directors.
Ymagis Group has announced that its offer to take over the businesses and certain assets of Eclair Group was accepted today by the Nanterre Commercial Court as part of the company's rehabilitation proceedings, which began June 12.
AEG-owned Regal Cinemas L.A. Live Stadium 14, home to the first and only 4DX-equipped theatre in the United States, says it has tripled its revenue in the first year using CJ 4DPlex technology. The 104-seat 4DX auditorium at Regal Cinemas L.A. Live has achieved $1.52 million in revenue attracting 70,000 attendees since opening last year, representing an increase of 88 percent in attendance versus the previous 12 months in the same auditorium prior to the conversion. Jurassic World is now playing in the theatre as it celebrates its first anniversary as a 4DX venue.
National CineMedia has announced that after a thorough review of options, it has agreed with SV Holdco and Screenvision to terminate the Merger Agreement signed May 5, 2014, that would have combined NCM and Screenvision.
The Vitec Group has acquired the business of Paralinx, a California company known for its high-quality wireless video systems. Paralinx will be incorporated into the Vitec Group's Videocom Division, complementing its existing brands.