Distribution & Exhibition

Box Office Rebounds in April

Tue, 04/12/2022 - 16:19 -- Nick Dager

Who said April is the cruelest month? In its second week of release, Paramount’s Sonic the Hedgehog 2 received a major boost as it opened in the Domestic market with a massive $72.1 million, proving the suggestion audiences weren’t coming back to cinemas incorrect, they just needed the product. Sonic 2 opened 24 percent higher than the 2020 original, according to the British analytics firm Gower Street.

CGR Cinemas for Sale

Mon, 04/11/2022 - 12:00 -- Nick Dager

CGR Cinemas, France’s second biggest multiplex chain behind Pathé, has been put on the market by its owners, Luc and Charles Raymond. The family-owned business has an estimated value of about $1.1 billion, according to Jocelyn Bouyssy, CGR’s long-time managing director who has been assigned to find a buyer for the group.

Annapurna Studios, Qube Cinema Partnering on Virtual Production

Mon, 04/11/2022 - 11:35 -- Nick Dager

Annapurna Studios and Qube Cinema today announced their plans to deliver India's first full-service LED virtual production stage for pan-Indian and international content creators. This transformative collaboration between two of India's most respected names in the media business aims to provide the tools for creators to craft the best versions of their stories for feature films, streaming episodics, and advertising commercials.

Strong Entertainment Files for Initial Public Offering

Mon, 04/11/2022 - 11:29 -- Nick Dager

The Strong Entertainment Group subsidiary of Ballantyne Strong has filed for an initial public offering that will spin it out of its parent as a separate company. The filing does not price the stock nor say how many shares will be sold. That will be disclosed in later amendments. The new company is to be named Strong Global Entertainment and is intended to trade on the New York Stock Exchange under the symbol SGE.

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