Ymagis Group has announced that the standstill agreement entered into with its bondholders to renegotiate the repayment conditions of its Euro PP bonds has been extended through April 24. In addition, the standstill agreement has been extended to financial creditors other than bondholders.
This past February, DTS and CJ 4DPlex announced a strategic alliance to bring DTS:X immersive audio technology to ScreenX theatres worldwide. What the companies didn’t announce at the time was that their first joint project together was already up and running in Liberty, Kansas. B&B Theatres brands their premium large format offerings as Grand Screens, which counts as typical Midwestern understatement because, at four stories tall and seven stories wide, the new B&B Theatres Liberty 12 currently features the largest ScreenX auditorium in the world.
Next week at CinemaCon, Dolby will highlight a year of global growth that shows no signs of slowing down and will also exhibit a full spectrum of innovative, technologies for cinema exhibition, including the new Dolby Cinema Processor CP950.
THX today announced that the world’s first THX Ultimate Cinema at Regency Westwood Village Theatre is scheduled to open later this year. THX company is working closely with Cinionic on the project.
Cinema 21, the largest movie theater chain in Indonesia, is expanding its fleet of RGB pure laser cinema projectors by acquiring 100 additional units of Christie’s next-generation cinema projectors featuring Christie RealLaser illumination.
The Light Cinemas, in partnership with The Big Picture Cinema Consultancy, has been awarded an operating license in the Kingdom of Saudi Arabia. The company has unveiled the new cinema brand in the Kingdom, Muvi, which has fifteen sites already at a combination of design, planning and consultancy stages.
Samsung Electronics and Odeon Multicines in Leganés, Madrid today unveiled the first Onyx LED cinema screen cinema in Spain.
Atlas Cinemas’ EastGate location in Cleveland, Ohio recently upgraded its seating with 723 recliners from Atom Seating. Atom Seating, the cinema seating division of Spaces & Between supplied one of its leading models, the Helium Mini, which the company says is known for its ergonomic cushioning that is comfortable and long lasting.
Paramount Pictures is releasing upcoming feature films Wonder Park and Pet Sematary in the immersive, multi-sensory 4DX format from CJ 4DPlex. The companies also announced plans to release additional titles together later in 2019.
Online ticket purchases increased by nearly nineteen percent last year while in theatre ticket purchasing dropped by more than five percent, according to a study released by Webedia Movies Pro and Vertigo Research.