Business

Éclair Cinema SAS Placed in Receivership

Fri, 11/16/2018 - 09:59 -- Nick Dager

Ymagis Group has asked the Commercial Court of Nanterre to place one of the French subsidiaries of its Éclair business unit, Éclair Cinema SAS, in receivership given the performance of its activities in post-production and the restoration of cinematographic and audio-visual works. Éclair Cinema represented 5.5 percent of Ymagis Group’s revenue for the first half of 2018 and almost all losses recorded over this same period. In 2017, the subsidiary generated revenue totaling €12.4 million.

Ymagis Breaks New Ground with Illucity

Tue, 11/13/2018 - 11:58 -- Nick Dager

As the line between cinemas and amusement parks continues to blur, the Ymagis Group has announced plans to open several dozen virtual reality adventure parks and at least 200 arcade sites in partnership with cinema exhibitors worldwide by the end of 2020. Since Ymagis Group was founded, the company says it has pursued an innovation policy designed to put it at the heart of the digital transformation of the entertainment industry. Today, this industry is experiencing a new revolution with the irruption of virtual reality technologies. Halfway between cinema and video games, virtual reality is already a global phenomenon benefiting from an advanced technological environment

THX Certifies iQiyi’s First On-Demand Theatre

Tue, 11/13/2018 - 11:54 -- Nick Dager

iQiyi today announced that the company’s first offline Yuker on-demand movie theatre in Zhongshan, Guangdong is now THX certified. Tao Lei, vice president of iQiyi, and Wu Hao, general manager of THX China unveiled the official THX Certified Cinema plaque during the opening ceremony launch event in Zhongshan, Guangdong on November 9. The company’s said this milestone not only reinforced iQiyi’s adherence to the company vision of “to become a technology-based entertainment giant”, but also demonstrated iQiyi and THX as the ideal partners to enable shopping malls to drive traffic and enhance engagement with consumers, as part of an ongoing transformation of retail spaces into digital entertainment complexes

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Kinepolis Adding Six CJ 4DPlex 4DX Theatres

Tue, 11/13/2018 - 11:48 -- Nick Dager

CJ 4DPlex announced today an agreement with Kinepolis to bring the 4DX immersive-seat experience to six additional Kinepolis cinema complexes. Less than one year after the opening of its first 4DX theatres in Antwerp, Brussels, Lomme, Madrid and Valencia, the company has announced six additional 4DX theatres, which include three in Belgium (Kinepolis Hasselt, Ghent and Rocourt), one in Luxembourg (Kirchberg), one in France (Kinepolis Nîmes) and one in Spain (Kinepolis Diversia, Madrid).

Cinépolis to Employ Cielo Technology Across its Global Enterprise

Tue, 11/06/2018 - 11:17 -- Nick Dager

Cinépolis, the fourth largest movie theater circuit in the world, and the largest in Mexico and Latin America, has selected Cielo as its provider of choice for digital management, monitoring and support of the entire Cinépolis circuit across the world. Cielo is joining forces with CES+, who has a longstanding business alliance with Cinépolis, and will act as the integrator channel partner and primary manager of the account.

4DX Tops $250 Million in 2018 Ticket Sales to Date

Tue, 11/06/2018 - 11:12 -- Nick Dager

CJ 4DPlex has reached new levels of success with more than 20 million worldwide attendees and $250 million at the box office to date in 2018. The company anticipates that the total number of moviegoers who have experienced 4DX since its launch in 2009 will exceed 85 million by year’s end, with the total box office gross surpassing $1 billion.

Christie Helps Bring the Bedford Playhouse to Life

Wed, 10/31/2018 - 10:55 -- Nick Dager

Christie cinema projectors illuminated all three screens for the September grand opening of New York State’s newly renovated, historic Bedford Playhouse. The original Playhouse first opened its doors in April 1947, and 70 years later the total audio/visual design and installation phase for the new complex was awarded to Digital Media Systems, a valued Christie business partner, as part of the construction of the new facility that began in spring 2017.

Regal Launches Rebranding Campaign

Tue, 10/30/2018 - 14:56 -- Nick Dager

Regal, since March of this year part of Cineworld Group, the second biggest exhibitor in the world, has unveiled its new logo. The rebranding is part of a larger strategy to commit $1.0 billion over five years to build new cinemas and renovate existing ones, to ensure that Regal is The Best Place to Watch a Movie!

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