MIT Reports Lower Revenue, Remains Optimistic
Moving Image Technologies has announced results for its third fiscal quarter ended March 31, 2023 and said they were lower than the previous third fiscal quarter.
Exhibition
Major Cineplex Installing Laser Projection by Cinionic
Major Cineplex, the largest exhibitor in Thailand, has announced a new initiative to bring Laser Projection by Cinionic to more than 200 screens in Thailand and Cambodia. The project leverages Cinionic’s innovative Laser Light Upgrade solution to bring elevated movie presentation to audiences, while reducing the energy consumption and carbon footprint of Major Cineplex’s theatres.
B&B's New Theatre to Feature GDC, DTS, CJ 4DPlex Technology
B&B Theatres has selected the GDC Technology’s SR-1000 Standalone Integrated Media Block with CineCache and built-in cinema audio processor for 5.1 and 7.1 surround sound for its Creve Coeur West Olive 10 luxury entertainment center. Nine of the auditoriums will offer moviegoers surround sound and B&B’s signature premium large format auditorium, Grand Screen with ScreenX, will offer guests the ultimate audio experience featuring DTS:X for immersive audio bitstream sound
Christie Again Providing Projectors for Cannes Film Festival
Christie has announced its renewed agreement with Festival de Cannes for the 17th consecutive year, to provide Christie RGB pure laser and Xenon illuminated projection systems, for what is the world’s most prestigious celebration of cinema.
Fast X Releasing in ScreenX
CJ 4DPlex together with Universal Pictures, announced that Fast X, the new chapter in the global blockbuster Fast & Furious Saga, in theaters this Friday, May 19, will debut in the 270-degree panoramic ScreenX format. This is the first time a Universal Studios' film from the Fast & Furious franchise will premiere in the visually immersive theatres.
Kinepolis Expands Deal for Imax with Laser Systems
Kinepolis and Imax today announced a global expansion of their longstanding partnership with eight Imax with Laser systems across Europe, Canada and the U.S. The agreement includes four new locations across Europe — including France, Belgium, Spain, and the first-ever Imax system in Luxembourg — as well as a new location in Michigan and Ontario and two upgraded systems in Ontario.
The Woman King Tops New Inclusion List
The Adobe Foundation, USC Annenberg, and Dr. Stacy Smith have released the results of the first-ever The Inclusion List, a new data-driven ranking that provides the titles of the 100 most inclusive theatrically released films from 2019 to 2022.
Local Group Restoring River Oaks Theatre
Culinary Khancepts, an affiliate of Star Cinema Grill, announced today that construction will soon commence on Houston’s historic River Oaks Theatre. The locally owned hospitality group took over the lease last year, and the highly anticipated refresh is expected to be complete by the end of 2023.
Look Chooses GDC, DTS Technology for New York Cinema
Look Dine-In Cinemas has selected GDC Technology’s SR-1000 Standalone Integrated Media Block with built-in DTS:X for immersive audio bitstream decoder. The new Look is located at 625 West 57th Street in the iconic Bjarke Ingels’-designed building.
PVR Inox Takes Quarterly Loss of $40 Million
Multiplex operator PVR Inox has reportedly experienced a quarterly loss of 3.33 billion rupees ($40.72 million), hit by one-time impairment charges and expenses related to the planned shutdowns of some cinemas.
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