Business

RealD Accuses Volfoni, CinemaNext of Patent Infringement in Germany

Wed, 12/20/2017 - 11:16 -- Nick Dager

RealD today filed a complaint with the District Court (Landgericht) in Düsseldorf, alleging that Volfoni SAS, Volfoni GmbH and CinemaNext Deutschland have infringed three of RealD’s European patents by the importation, sale, or offer for sale of the Volfoni SmartCrystal Diamond cinema systems in Germany. In the complaint, RealD requests an injunction banning the sale of the infringing devices and seeks financial damages.

MoviePass, Fandor Partner with Costco on Movie Lovers Package

Tue, 12/12/2017 - 14:34 -- Nick Dager

MoviePass and Fandor today announced that both companies are partnering with Costco to offer a one-year subscription plan for a flat fee of $89.99. The package deal for both services is available exclusively to Costco members and covers a year of membership for both MoviePass and Fandor. The offer will only be available online at Costco.com for one week, from December 12 to December 18, 2017.

AMC Makes Bid for Saudi Arabia’s Exhibition Business

Tue, 12/12/2017 - 12:20 -- Nick Dager

AMC Entertainment Holdings today announced the signing of a non-binding memorandum of understanding with the public investment fund of Saudi Arabia. In line with the fund’s mandate to help unlock promising new sectors within the Kingdom of Saudi Arabia, PIF and AMC Entertainment will explore a range of commercial opportunities for collaboration that will support the growth of the Kingdom’s entertainment sector.

Kinepolis Group Completes Landmark Cinemas Acquisition

Mon, 12/11/2017 - 11:56 -- Nick Dager

Belgium based Kinepolis Group has completed its acquisition of Landmark Cinemas in Canada. In mid-September, Kinepolis reached an agreement with the shareholders of Landmark Cinemas to acquire the company subject to Canadian regulatory approvals. The approval by the Minister of Canadian Heritage, The Honorable Mélanie Joly, on December 7, allowed Kinepolis to successfully complete the acquisition.

Cineworld Buys Regal for Nearly $6 Billion

Thu, 12/07/2017 - 11:23 -- Nick Dager

Cineworld, the U.K.’s largest cinema operator, has acquired Regal, one of the largest theatre circuits in the U.S., for a reported $5.9 billion. The deal would create the world’s second-largest movie theater owner and enable Cineworld to better compete with AMC Entertainment, which is owned by the Chinese conglomerate Dalian Wanda. The Cineworld-Regal combination would create a company with more than 9,500 screens in 10 countries.

MoviePass Lowers Price to $6.95 Per Month

Fri, 11/17/2017 - 11:04 -- Nick Dager

Just in time for Christmas, MoviePass is offering a one-year subscription plan for a flat fee of $89.95 and a $6.55 processing fee. Existing MoviePass customers will receive 25 percent savings from their current $9.95 per month plan if they subscribe to the new one year MoviePass subscription plan.The one-year subscription plan will be available only for a limited time.

MoviePass Names Bernadette McCabe SVP of Exhibitor Relations

Thu, 11/16/2017 - 11:22 -- Nick Dager

MoviePass has expanded its leadership team and named Bernadette McCabe as senior vice president of exhibitor relations. McCabe, a proven industry veteran and former Screenvision Media executive with more than 16 years of experience, will be responsible for growing and developing the company’s relationships with movie theater exhibitors. She will spearhead strategic initiatives across marketing and business development, provide financial insights for how theaters can glean the most value from MoviePass data and analytics, and evaluate opportunities to increase collaboration between theaters and movie studios.

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