Business

Reliance Industries Takes Equity Stake in Eros International

Wed, 02/21/2018 - 10:30 -- Nick Dager

Reliance Industries Limited, through a subsidiary, has agreed to subscribe to a five percent equity stake in Eros International Media Limited at a price of fifteen dollars per share, which represents an 18 percent premium over the stock’s last closing price. The transaction is subject to customary regulatory and other approvals. Furthermore, RIL and Eros announced that they have agreed to partner in India to jointly produce and consolidate content from across India.

Helios and Matheson Increases Stake in MoviePass

Mon, 02/19/2018 - 11:14 -- Nick Dager

Helios and Matheson Analytics has increased its total ownership of the outstanding shares of MoviePass’ common stock (excluding shares underlying MoviePass options and warrants) to approximately 78 percent. The increase in ownership stems from cash advances provided by HMNY to MoviePass, from time to time, from December 19, 2017 through February 15, 2018.

EPO Upholds One of RealD’s Patents in Volfoni Fight

Thu, 02/15/2018 - 11:38 -- Nick Dager

RealD announced today that the European Patent Office’s Opposition Division has upheld the validity of one of the company’s key patents for light-doubling 3D cinema projection systems. Volfoni and MasterImage had both challenged the EPO’s grant of RealD’s European patent, which covers optical architectures in light-doubling 3D cinema systems.

CinemaNext, Ezcaray International Expand Seating Distribution Agreement

Wed, 02/14/2018 - 12:49 -- Nick Dager

CinemaNext has signed a distribution deal with Spanish seating supplier Ezcaray International recognizing CinemaNext as an official distributor in 17 European countries as well as in the US, Russia, Egypt, Kazakhstan and Morocco. CinemaNext is currently the exclusive reseller of Ezcaray’s full range of seating products for cinema in Germany.

B&B Theatre Signs with Dealflicks for Ticket Sales

Thu, 02/08/2018 - 13:30 -- Nick Dager

B&B Theatres, the seventh largest U.S. movie theatre chain, and Dealflicks have successfully launched a mix of full-priced tickets and deals across B&B’s 391 screens and 49 theatres. While online ticketing for all films and show times will be available, a varied amount of ticket and concession deals will be available for movies on certain days.

Modern Cinema Group Opens London Office

Thu, 01/25/2018 - 12:31 -- Nick Dager

The Modern Cinema Group has opened a London office for its new media exchange now named the MOCI Media Exchange. With the help of the finance team working for the Dubai-based Pride Group, London was selected as an ideal location for the new media exchange due to its favorable geographical location as well as its long history of hosting successful international exchanges.

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