Panavision announced the recapitalization of the company giving it a new lease on life. With the recapitalization, Panavision’s senior lenders unanimously agreed to convert a majority of the company’s long-term debt into common stock of the company. This major reduction in Panavision’s debt enhances its capital structure and enables the company to explore growth opportunities.
Cinema Equipment Supplies (CE+S) and Unique Digital are partnering to provide comprehensive software and support systems for the American markets.
Nu Metro Cinemas, the fast-growing South African cinema operator, has announced a memorandum of understanding for a partnership with CJ 4DPLex to bring 4DX to Africa.
Philips introduced two new lamp models at CineEurope.
CJ 4DPLex and Mars Cinema Group are partnering to bring 4DX to Turkey for the first time. Developed by CJ 4DPLex, 4DX is the world’s first 4D-technology based cinema for feature films, using motion, vibration, water, wind, lighting, scents and more to provide moviegoers with a truly immersive experience. The first Turkish location for 4DX will be at Cinemaximum Marmara Forum in Istanbul, which boasts the greatest number of screens and seats of any cinema in the country. It is expected to open in mid September this year.
New York City-based audio post-production company Sync Sound's founders and principles Bill Marino and Ken Hahn have sold their midtown Manhattan facility Digital Cinema to Warner Bros., Audio Media International reported.
The first of two Sony 4K projection systems is being installed in the newly-refurbished premium XPlus auditorium at National Amusements’ Showcase Cinema de Lux Reading multiplex in the south of England. Big, bright 4K pictures on the 18-meter screen are complemented by a Dolby Atmos system to create immersive, three-dimensional sound.
The Ymagis Group has signed new virtual print fee agreements under the third-party collector-financing model with six major Turkish cinema exhibitor chains. The deals represent 409 screens in 50 cinema sites operated by Turkey’s Avsar Sinema, Cinemarine, Cinens Sinemalari, Prestige Cinema, Aksin Sinemari and Torunlar/Cinetech.
Dolby Laboratories and JT Bioscopen today announced that JT Hilversum will be JT Bioscopen’s second Dolby Cinema location in the Netherlands.
Carmike Cinemas today announced the grand opening of the new Carmike 12 entertainment complex featuring the chain’s signature BigD premium experience in Spring Hill, Tennessee.