The Ymagis Group has named Thierry Lescasse as group executive vice president, finance, succeeding Benoît Jacheet, whose transition mission concluded with the completion of the financial restructuring plan. Jacheet will remain with the company for several weeks to ensure a smooth transition.
Distribution & Exhibition
In a statement released to the press late Wednesday the National Association of Theatre Owners expressed its gratitude to the U.S. Senate for approving a financial aid package that will benefit its members.
The International Union of Cinemas, the body representing European cinema trade associations and operators, has today issued the following statement on the current situation with regard to the outbreak of coronavirus/COVID-19:
The Cinema Technology Community, an independent trade group, has created a new free membership level to help support people working in cinema technology.
To help with the coronavirus outbreak, Cielo is offering free access to its recently launched Cieloe QR product for sanitation and disinfection management during the COVID-19 outbreak. The offer will be extended to its current customers as well as any other businesses seeking to proactively manage the cleanliness of their establishments.
The business model of the movie theatre industry is uniquely vulnerable in the present crisis. On behalf of the movie theatre industry and its employees, the National Association of Theatres Owners is asking for Congress and the Administration to urgently consider the following immediate relief measures, which we hope will allow the industry and its 150,000 employees, who live and work in practically every Congressional District, to weather the present COVID-19 pandemic crisis
Wez Merchant, the founder and managing director of the public relations company Strike Media has a plan to support motion picture distributors during the COVID-19 crisis. He is launching a free newsletter that would include all the home entertainment, video on demand and premium video on demand movies being released each week.
The Göteborg Film Festival’s video-on-demand platform Draken Film has launched a selection of newly released films in collaboration with leading Swedish distributors and is donating half of the revenues from new subscribers to independent Swedish art-house cinemas.
For the first time in its seven-year history, the Digital Cinema Distribution Coalition has begun to pay all its customers rebates. After recently paying back its founding investors – AMC Theatres, Cinemark Theatres, Regal Entertainment Group, Universal Pictures and Warner Bros. – initial investments in full, DCDC is now fulfilling the promise it made to all of its customers when it was formed to pay them rebates pursuant to the same mathematical formula in each of their agreements.
Netflix in 2019 launched about nine times as much original programming as its chief video-streaming rival Amazon, reflecting the divergent business models of the two companies, a new study shows. Last year, Netflix released 2,701 hours’ worth of original programming, compared to just 314 hours for Amazon Prime Video, according to the Omdia Original Online Production Report – 2020.