Bow Tie Cinemas Acquires Clearview Theatres
Bow Tie Cinemas and Cablevision Systems Corporation today announced the completion of Bow Tie's acquisition of substantially all of the Clearview Cinemas theatres from Cablevision.
Business
National CineMedia Announces Plans to Repurchase its Stock
National CineMedia today announced that its board of directors has approved a new share repurchase program authorizing the purchase of up to $100 million of the company’s common stock through April 1, 2027. During the course of the program, NCM plans to use operating cash flow distributions from NCM LLC to repurchase shares at prevailing market prices, while continuing to invest capital in growing its advertising network through strategic initiatives.
Patrick Stickney Wins the CinemaCon 2024 Art Contest
CinemaCon today announced Patrick Stickney as the winner of the CinemaCon 2024 Art Contest for his work titled Grand Exterior, Mitch Neuhauser, managing director of CinemaCon. CinemaCon, the official convention of the National Association of Theatre Owners, will be held April 8-11, 2024, at Caesars Palace in Las Vegas.
Scope Cinemas Opening Sri Lanka’s First Imax Theatre
Scope Cinemas will soon open Sri Lanka’s first Imax movie theatre. The current tentative plan is to open in time for the release of either Furiosa: A Mad Max Saga (May 24) or Deadpool & Wolverine (July 26). The theatre has been in development for a very long time.
Miraj Cinemas Surpasses 200 Screens Across India
Miraj Cinemas has opened its first multiplex in the state of Kerala. The three-screen multiplex is located on the third floor of the Blue Diamond Mall. With this latest launch, the company has now surpassed 200 screens across India.
AMC Announces Zoom Rooms for Group Meetings
AMC Theatres and Zoom have announced Zoom Rooms at AMC in eight major markets around the country. Zoom Rooms at AMC enable companies with dispersed workforces and customer bases to bring people from different locations together at the same time for cohesive hybrid events and meeting experiences.
Independent Canadian Exhibitors Operating at a Loss
A study from the Network of Independent Canadian Exhibitors says that 60 per cent of independent cinema operators surveyed between December and February operated at a loss at the end of their most recent fiscal year. About two-thirds of the 67 respondents reported that they need increased public funding to remain operational. It was estimated that they would need about $50,000 in extra funding annually for three years to close the immediate gaps they face.
Procinal Medellín Upgrades with Christie Laser Projectors
Exhibitor Procinal Medellín in Colombia, South America, has upgraded its cinemas with Christie Laser RGB projectors through system integrator CES Plus.
Barco Announces Plans for CinemaCon 2024
At CinemaCon 2024 Barco will feature a long-awaited breakthrough in movie presentation and an expanded cinema team in the Roman Ballrooms at Caesar Palace in Las Vegas from April 9-11. The exhibit will feature an immersive look into the company’s leading portfolio of laser cinema projectors, opportunities to meet and reconnect with the global Barco cinema team, and the surprise debut of a much-anticipated cinema innovation with demos running daily throughout trade show hours.
Miraj Cinemas Opens Multiplex in Kozhikode, India
Miraj Cinemas, which claims to be India’s fastest-growing and third-largest national multiplex chain, has opened its latest theatre in the culturally rich city of Kozhikode, Kerala, also known as Calicut.
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