Business

Liquid Media Announces Bid to Acquire IndieFlix

Tue, 05/11/2021 - 10:38 -- Nick Dager

Liquid Media Group has signed a letter of intent to acquire IndieFlix, the subscription video-on-demand streaming service focused on content with a purpose. IndieFlix has evolved its initial offering, by expanding into the live social impact space, and transforming into an edutainment company with a foundation to further support its mission and vision.

National CineMedia Announces First Quarter Fiscal Results

Tue, 05/11/2021 - 10:33 -- Nick Dager

National CineMedia today announced consolidated results for the fiscal first quarter ended April 1. During the first quarter the company continued to manage its liquidity position through various cost-control measures and the issuance of a new $50 million term loan in March. With the funding of this additional debt, NCM’s cash balance as of April 1 was $139.4 million, an increase of $15.5 million as compared to the balance as of December 31. Including the $52.8 million, the company had $192.2 million of cash, cash equivalents and investments as of April 1.

Ceylon Theatres Get Sound Makeover

Tue, 05/04/2021 - 11:03 -- Nick Dager

Ceylon Theatres is a Sri Lankan theatre chain with an 85-year history that currently operates six locations throughout the country. The latest location is a three-screen facility in Dematagoda, which also houses a KFC restaurant and Food City supermarket. In order to ensure an immersive cinematic experience with clear and balanced audio quality for moviegoers, Ceylon Theatres Regal Cinema Dematagoda required new sound systems for all three screens.

AAPI Storytellers Festival Starts Today

Mon, 05/03/2021 - 11:29 -- Nick Dager

The streaming platform Kinema, in partnership with a coalition of business, entertainment and creative leaders and GoFundMe.org, today announced it will leverage its virtual screening technology to host the first annual Asian American Pacific Islander Storytellers Festival, in celebration of AAPI Heritage Month. The Festival starts tonight at 8:00 p.m. ET with the global virtual premiere on Kinema of The Paper Tigers, an action comedy starring Alain Uy, Ron Yuan, and Mykel Shannon Jenkins ahead of its wide release date of May 7.

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Iconic Releasing Major Fight in May, Names Bunnell CEO

Thu, 04/29/2021 - 10:32 -- Nick Dager

The event cinema company Iconic Events announced today that the company has enlisted theatrical circuits representing over 1,000 locations to the expanding network of theaters playing its programming, and that Steve Bunnell has been named chief executive officer. The announcement was made by Iconic Events executive chairman Michael Lambert. Iconic will bring audiences the super middleweight fight between Canelo Alvarez and Billy Joe Saunders on May 8 through a new partnership with DAZN and will bring the rematch of McGregor/Poirer to theaters in the just-announced UFC event on July 10.

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