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.
Distribution & Exhibition
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.
The Harkness Screens Clarus XC will be the screen of choice for 2D and 3D theatrical presentations during Cine Europe 2018. The show’s auditorium inside the CCIB will feature a 26.35-meter by 7.5-meter Clarus XC 170 screen used to showcase both 2D and 3D content from distributors.
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.
More2Screen has been appointed by Shakespeare’s Globe to broadcast a new production of The Winter’s Tale live by satellite to cinemas across the UK, Ireland and selected European territories October 4.
Conque 2018, Latin America’s number one comic and entertainment convention was supported by Christie projection. The event, which was attended by 30,000 people, just ended in Queretaro City, Mexico.
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.
China’s market-leading online entertainment service iQiyi today announced that it has officially opened its first Yuke on-demand movie theatre in Zhongshan, Guangdong. The company plans to open more Yuke movie theatres in first- and second-tier cities throughout China.