Sharp has acquired 66 percent of NEC Display Solutions shares of stock to complete the previously announced transaction to form a joint venture. The deal became effective November 1. In connection with the completion of the transaction, the company has changed its name to Sharp NEC Display Solutions and has started business operations as a subsidiary of Sharp.
Distribution & Exhibition
At CineAsia 2020, which is underway virtually online November 4-5, GDC Technology is featuring its Red Dot award-winning Espedeo Supra-5000 RGB Plus laser phosphor cinema projector. In addition, GDC will introduce new products designed to automate workflow and provide advanced technologies for cinema operators as the industry prepares to adapt to changing business models.
The Film Expo Group and presenting sponsor Cinionic, the Barco, CGS, and ALPD cinema joint venture, have announced the 2020 CineAsia Conference & Trade Show Schedule of Events. In consideration of COVID-19, this year’s convention is entirely online, and runs November 4-5.
Comscore today announced a multi-year agreement to provide Marcus Theatres with the company’s Comscore Cinema ACE theatre management system. This will enable Marcus Theatres to connect auditoriums, centralize content management and automate the transfer of features, trailers and encryption keys. The agreement also provides Marcus Theatres with Comscore's Enterprise Web circuit management service, allowing Marcus Theatres to streamline operations circuit wide and ensure shows play out as planned.
Following recent decisions requiring the closure of cinemas across a number of European countries in response to spikes in COVID-19, European trade body the International Union of Cinemas in a statement today renewed its call to national governments, the European Commission and the European Parliament to provide further public funding support to the sector to ensure that cinemas are able to survive the ongoing challenges presented by the COVID-19 crisis.
Cinionic, the Barco, CGS, and ALPD cinema joint venture, has introduced Laser Now, a new initiative making the transition to laser possible for more theatres than ever before. Following Cinionic’s recent expansion of its laser portfolio, the vendor-financed program allows theatres to move to laser for significantly less today and pay the rest over time.
Christie will feature its wide range of cinema products this week at CineaAsia 2020. Christie says the virtual event, which runs November 4-5, enables the company to reaffirm its support for partners and customers in the Asia Pacific region, as various exhibitors seek to reopen their theatres after extended periods of closure due to COVID-19. CineAsia 2020 also serves as a useful platform for Christie to showcase its cinema technology and services designed to further improve cost of operation.
The Kinepolis Group reported on its third quarter financial status last Friday and, despite the ongoing challenges of the global pandemic, CEO Eddy Duquenne remains confident that his company and the cinema business as a whole will survive. “This global crisis is hitting us hard both directly and indirectly,” he said. “On the one hand because of the restrictive measures inside our cinemas and, on the other, because almost all blockbusters have been postponed. I remain positive about the future, as we are seeing that many movie lovers keep coming in spite of everything and feel safe inside the cinema. The fact that the studios are constantly postponing the vast majority of their films until a moment when they can secure their income, proves the importance and value of a cinema release. We are currently in pause mode, but the intermission of this film is lasting longer than foreseen. Fortunately, Kinepolis is in good financial shape.”
Technologist Jack Watts began his career in post-production in the Republic of Ireland. In 2013 he joined Technicolor in London where he was head of technology and development. He moved to Deluxe in London is 2015 as part of the joint venture between the two digital cinema business units at both companies. There he primarily focused on mastering solutions for digital cinema, and then eventually, the interoperable master format. There he acted as an internal consultant to the technical operations, client services and business development teams. Externally, there was also the need to consult the business’s premium studio clients.
Showbiz Cinemas is pleased to announce that the Ballarat Showgrounds in Wendouree, Australia will soon be home to the first local drive-in cinema operation since the closure of the Southern Drive-In Theatre in 1991. The retro initiative will operate each weekend for at least six-months from November 13.