Business

UNIC Announces CineEurope Gold Award Winners

Mon, 07/26/2021 - 11:09 -- Nick Dager

The International Union of Cinemas and the Film Expo Group have announced the 2021 recipients of the CineEurope Gold Awards, given to cinema professionals for their outstanding dedication and service to the sector. The Awards will be presented as part of the CineEurope Awards Ceremony on October 7 at the Centre de Convencions Internacional de Barcelona in Barcelona, Spain.

Digital Cinema United Bringing DCU Connect to the U.S.

Thu, 07/22/2021 - 09:22 -- Nick Dager

Digital Cinema United has launched its cloud based DCU Connect platform into the U.S. to support the advancement of content delivery for film distributors and theatrical exhibitors. DCU Connect, which is based on Sharc technology, has been in development since 2015 to address the high cost of physical and satellite delivery of digital cinema packages directly to movie theaters globally.

B&B Theatres Rebounds

Tue, 07/20/2021 - 11:55 -- Nick Dager

Earlier this month, B&B Theatres, the sixth largest exhibitor in the U.S., opened its latest facility, the newly renovated Blacksburg 11 theatre in Blacksburg, Virginia. B&B acquired the Blacksburg multiplex in fall of 2020 with a vision to upgrade and enhance the entire moviegoing experience for the vibrant college town, but the project was delayed by the pandemic. Blacksburg features B&B’s signature premium large format experience, the Grand Screen.

AMC Acquires Two Los Angeles Cinemas

Tue, 07/20/2021 - 10:19 -- Nick Dager

AMC Entertainment Holdings has reached an agreement with Caruso to add under long term lease two Los Angeles area locations: The Grove Theatre, a 14-screen theatre located in Los Angeles and The Americana at Brand Theatre, an 18-screen theatre located in Glendale. AMC is expected to reopen the theatres in August.

NATO Defends Exclusive Theatrical Releases

Mon, 07/19/2021 - 09:54 -- Nick Dager

In a strongly worded statement, the National Association of Theatre Owners defended the practice of exclusive theatrical release windows for exhibitors and used Disney’s latest movie, Black Widow, as its prime example. Here is NATO’s statement in full: “Black Widow’s excellent reviews, positive word of mouth, and strong previews and opening day total ($13.2 million/$39.5 million) led to a surprising 41 percent second day drop, a weaker than expected opening weekend, and a stunning second weekend collapse in theatrical revenues. Why did such a well-made, well-received, highly anticipated movie underperform? Despite assertions that this pandemic-era improvised release strategy was a success for Disney and the simultaneous release model, it demonstrates that an exclusive theatrical release means more revenue for all stakeholders in every cycle of the movie’s life.

Pages

Subscribe to Business