Screenvision Media has signed a definitive agreement for Abry Partners, a media-focused private equity firm, to acquire a controlling stake in the company. As part of the agreement, the company’s existing owners, Shamrock Capital and AMC Entertainment, will maintain minority stakes. Terms of the transaction were not disclosed.
Following January's announcement to roll out dynamic pricing to all of its German theatres, United Cinemas International Multiplex and Smart Pricer have successfully completed the roll-out three months ahead of schedule.
Samsung has selected footage captured with Arri Alexa cameras to showcase their Onyx 4K cinema LED displays. By using an array of modular LED panels to replace cinema projectors, the Samsung Cinema LED displays offer a completely new format of a cinema screen to enhance movie experiences. The technology displays Ultra Contrast with true blacks, high dynamic range and P3 color with supreme accuracy.
European 3D company Volfoni has filed a counterclaim to the intellectual property lawsuit filed by RealD in Germany. Volfoni further announced the retention of Quinn Emanuel Urquhart & Sullivan LLP, one of the leading intellectual property law firms in the world, to represent Volfoni in intellectual property related legal proceedings.
According to CJ 4DPlex, the new film Marvel Studios’ Avengers: Infinity War has been seen in the 4DX immersive seating format by more than two million people across 59 countries. This breaks the record for highest-attendance 4DX film to date. The milestone also makes Avengers: Infinity War the most successful film released in the format, surpassing the previous record holder, 2015’s Star Wars: The Force Awakens.
Helios and Matheson Analytics has formed MoviePass Films with Emmett Furla Oasis Films. Helios owns 51 percent and EFO Films 49 percent of the new company. MoviePass Films will focus on studio-driven content and new film production for theatrical release and other distribution channels. At the same time Helios announced that EFO Films has granted Helios the exclusive option to acquire the entire film library and current production slate of EFO Films.
Ymagis Group today reported its consolidated financial results for the first quarter of 2018, ending March 31. Revenue for Ymagis Group fell by 5.4 percent to €39.3 million during the first three months of 2018 due to the anticipated acceleration in the decline of virtual print fee activities. This is partly offset by the growth in service activities (+4.1 percent at €25.6 million).
A new Buy Tickets button is now available on Fandango’s Instagram profile, providing movie fans seamless access to show times and ticketing at more than 30,000 screens nationwide. This is in addition to the Shop button, connecting to movie merchandise and ticketing offers, including movie poster and collectible gifts-with-purchase available to Fandango ticket buyers through shopping on Instagram. Fandango ticketing will also roll out on movie-specific Instagram destinations in the coming weeks.
20th Century Fox and ScreenX are in advanced discussions to continue their partnership and release new films in the panoramic 270-degree cinema technology format. Following the success of Kingsman: The Golden Circle, 20th Century Fox and ScreenX plan to join forces again in 2018.
Online ticket sales company Fandango has launched an action on the Google Assistant that lets users purchase movie tickets using just their voice. Users can purchase tickets on any compatible device with the Google Assistant, including smart speakers like the Google Home, Android phones, televisions, headphones and more. Fandango ticketing is scheduled to launch on the Google Assistant for iOS devices by the end of the year.