Distribution & Exhibition

Humax Cinema Installs Harman Sound

Thu, 03/04/2021 - 10:10 -- Nick Dager

Enhancing its theatres to offer guests a one-of-a-kind movie experience, Humax Cinema hired Xebex to design and install Harman Professional cinema audio technology that delivers incredible sound. Featuring 10 screens and accommodating up to 1,200 guests, Humax Cinema is one of the most versatile movie complexes in Japan. In addition to showing films, the cinema doubles as a multipurpose venue that hosts jazz performances and other live sound events.

British Private Equity Firm LDC Invests in Sohonet

Thu, 03/04/2021 - 10:00 -- Nick Dager

The British mid-market private equity firm LDC has invested in Sohonet, an international provider of connectivity, collaboration software, media services and network security for the media and entertainment industry. LDC’s investment will support the existing management team, led by CEO Chuck Parker, to further build on its international growth strategy and explore complementary acquisitions.

MetaMedia Promotes Bryant to COO

Wed, 03/03/2021 - 10:23 -- Nick Dager

MetaMedia today announced the promotion of Frank Bryant to chief operating officer. Reporting directly to MetaMedia CE Jason Brenek, Bryant will help focus the organization on the execution of operational and strategic plans and oversee functions related to the acquisition and delivery of content from studios and other suppliers, deployment and logistics, project management, marketing, legal and corporate strategy.

Report Shows Pandemic Impact on U.S. Cinemas; Lack of Content Key

Tue, 03/02/2021 - 12:49 -- Nick Dager

A new report from the analyst firm Gower Street shows that nearly a quarter (23 percent) of all U.S. movie theatres have stayed closed since March 2020. These locations generated a combined yearly box office of $1.8 billion on average in 2018 and 2019. The report makes clear that the situation will remain difficult until quality movies are available on a regular and consistent basis.

Report Tracks Pandemic-Related Box Office Decline in Europe and the UK

Tue, 03/02/2021 - 09:41 -- Nick Dager

Based on preliminary data the European Audiovisual Observatory estimates that cinema attendance in the European Union and the United Kingdom plummeted to 294.7 million admissions in 2020. This is 712.3 million ticket sales fewer than in 2019, representing a decline of 70.7 percent. A similar decrease (69.8 percent) was registered in the European Union only (EU27), where admissions dropped from 831.0 million to 250.7 million, for a total loss of 580.3 million tickets.

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