The private equity firm Abry Partners has finalized its acquisition of a controlling stake in Screenvision Media. Terms of the transaction were not disclosed.
South Africa’s Nu Metro Cinemas is opening Xtreme theatres at Nu Metro Emperors Palace in Johannesburg and Nu Metro Galleria on the KZN South Coast.
AMC Theatres has renewed and extended its 3D agreement with RealD across its domestic platform through 2024. In addition, AMC has committed to installing RealD 3D systems in all new-build theatres and as they upgrade, renovate and improve existing AMC locations in North America during the term of the extension.
This weekend Regal moviegoers will be able to experience another Moviebill, this time tailor-made for Universal Pictures and Amblin Entertainment’s Jurassic World: Fallen Kingdom. This new edition is exclusive to Regal moviegoers who attend the opening weekend of Jurassic World: Fallen Kingdom, in theaters on June 22.
Cineworld Group and Cinemark Holdings have agreed to buy the remaining units of National CineMedia currently owned by AMC Entertainment, 21.5 million units for approximately $156.8 million. Cineworld and Cinemark will each acquire half of the units and will fund the transaction with available cash.
Christie is marking a decade of collaboration with the Shanghai International Film Festival as the event’s exclusive cinema projection partner. “This is the tenth consecutive year that Christie has partnered with the SIFF, which is one of the largest and most prestigious film festivals in Asia, by serving as its exclusive cinema projection partner,” said Lin Yu, vice president, cinema sales for Asia, Christie. “It is an honor for us be associated with the SIFF, supplying our cinema projectors for screening feature films from around the world that are distinguished by their artistic excellence. It is a perfect combination of ‘art and technology’, and we are fully committed to delivering the best possible image on screen that allows all audiences to enjoy an immersive and highly satisfying cinema experience.”
Reel Cinemas has announced that it is adding a ScreenX screen to its theatre in The Dubai Mall, which is the world’s largest and most visited retail and entertainment destination and welcomes more than 80 million visitors every year.
Cinionic, the Barco cinema joint venture, will be the exclusive laser projection provider for Kinepolis. The replacement of hundreds of existing and new screens with Barco laser projectors will take place over the next three years across Western Europe and Canada.
The International Union of Cinemas, the European Cinema trade group, has launched the second edition of its Women’s Cinema Leadership Program, a 12-month mentoring program for women in cinema exhibition. Building on the success of a ground-breaking pilot program, itself launched at CineEurope in 2017, this year’s edition will provide seven talented female European cinema professionals with the opportunity to receive one-to-one career advice, network and learn from outstanding women executives, recognized for their leadership and business success across the cinema landscape.
One of the biggest exhibition news stories of 2018 was the return of cinemas to the Kingdom of Saudi Arabia after a 35-year ban. Vista Entertainment supported AMC Entertainment and the Development & Investment Entertainment, a subsidiary of Saudi Arabia's Public Investment Fund, tin their efforts to open the country’s first commercial cinema this past April.