PVR Inox Closes Underperforming Screens
Leading India multiplex chain PVR Inox has closed 62 underperforming screens so far in the current fiscal year as part of its focus on profitable expansion but is on track to open as many as 170 new screens.
Exhibition
Alamo’s Brooklyn Theatre to Undergo Major Renovation
Alamo Drafthouse Cinema’s Downtown Brooklyn location will be closed February 5-6 to begin a major renovation project, including new recliner seats, five new auditoriums, upgraded projection, and additional restrooms.
3D Cinema Screen Market to See Significant Growth
According to a new report, the 3D cinema screen market is estimated to reach $548.3 billion by 2031, growing at a combined annual growth rate of 15.8 percent from 2022 to 2031. The 3D cinema screen market was valued at $132.67 billion in 2021, the report from Allied Market Research said.
John Curry Promoted to Regal Senior Vice President of Commercial
The Cineworld Group has promoted industry veteran John Curry to senior vice president of commercial of Regal. In this role, Curry will oversee the company’s food and beverage, marketing, box office and forecasting, business development, and loyalty departments.
Cineplex Plans New Playdium Location in Toronto
Canadian exhibitor Cineplex has announced plans to open its latest Playdium location in Toronto, Ontario. Construction of the new Playdium at CF Fairview Mall is scheduled to begin in February, with opening targeted for later this year.
NCM Signs New Long Term Exclusive Agreement with Santikos Theatres
National CineMedia today announced a new five-year exclusive agreement with Santikos Theatres. Santikos operates 27 theater locations, and 379 screens across eight states. They are the seventh largest cinema operator in the U.S. and one of the largest affiliates on the NCM platform.
PVR Inox Opens Second Cinema in Ajmer
PVR Inox has opened its second cinema in Ajmer. Located at the Mittal Mall, Prithviraj Marg, Hathi Bhata, this four-screen property is Ajmer's biggest cinema, introducing premium features and design elements.
Multiplex UA Installs CinemaNext Software
Multiplex UA, the largest chain of cinemas in Ukraine, is set to enhance its cinema operations using software tools from CinemaNext, including its theatre management system. Under the agreement, the CinemaNext TMS and related circuit management software will be deployed across Multiplex UA's extensive network, comprising 28 cinemas and 141 cinema halls in Ukraine's major cities.
RealD Claims Patent Win in China
LeVision's three invalidity challenges to the RealD 3D dual-beam and the three-beam optical system patents were all rejected, confirming in full the validity and integrity of the invention patents of RealD 3D projection system in China.
UFO Moviez, TSR Films Partner on Cinema Advertising
The in-cinema advertising network UFO Moviez has signed a strategic partnership with Chennai based digital cinema integrator TSR Films. The collaboration grants UFO Moviez exclusive in-cinema advertising rights across TSR’s extensive network of more than 403 screens.
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