The private equity firm Abry Partners has finalized its acquisition of a controlling stake in Screenvision Media. Terms of the transaction were not disclosed.
South Africa’s Nu Metro Cinemas is opening Xtreme theatres at Nu Metro Emperors Palace in Johannesburg and Nu Metro Galleria on the KZN South Coast.
AMC Theatres has renewed and extended its 3D agreement with RealD across its domestic platform through 2024. In addition, AMC has committed to installing RealD 3D systems in all new-build theatres and as they upgrade, renovate and improve existing AMC locations in North America during the term of the extension.
IBC2018 today announced a Cyber Security Forum for broadcasters and media. The event will be part of the annual IBC show at the RAI Convention Center in Amsterdam September 13-18. A one-day, invitation-only event, it will convene chief technology officers, chief information officers, chief information security officers and chief digital officers within media and broadcasting for a conversation on the challenges and opportunities presented by cyber security for broadcasters.
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.