Carmike Cinemas today reported results for the three and twelve-month periods ended December 31, 2015 and noted continued growth. “Carmike’s record fourth quarter and 2015 full year financial results reflect the ongoing success of our theatre-level initiatives, the progress we are achieving with our value-building theatre acquisition and organic growth strategies and the overall strength of the U.S. box office. Our admissions revenue growth per screen of over 15 percent in the 2015 fourth quarter and 9 percent for the full year outpaced the industry by almost 500 and 200 basis points, respectively. We achieved record results across several key financial metrics, including a 19 percent rise in operating revenues to an all-time quarterly record, as well as a rise in operating income of over 100 percent, which drove increases in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and theatre level cash flow of approximately 61 percent and 51 percent, respectively,” said David Passman, Carmike Cinemas’ president and chief executive officer.
Distribution & Exhibition
IP Man 3 will be released in China in 4DX on March 4. The film is highly anticipated there because it stars Donnie Yen and Mike Tyson. 4DX fans are looking forward to being immersed in the action battles between the two men. According to CJ 4DPlex, Chinese audiences love local action franchise movies that are screened with its 4DX technology, which features motion seats and environmental effects.
Screenings of Imagine Dragons: Smoke + Mirrors Live music concert will be enhanced with Philips LightVibes. An initial three cinemas will deploy the technology for immersive cinema with more than 790 additional cinemas offering the title via distribution, broadening access to the concert for many more fans around the world. Tyrone Walker-Hepburn, owner of the Genesis independent cinema in London, which will show the UK screening said, “As an independent cinema, we’re all about differentiating ourselves. So being able to offer interesting, premium content like the Imagine Dragons concert using Philips LightVibes really sets us apart. It helps us to attract new audiences and revenue streams, which are key to our growth plans. People describe us as a maverick cinema and ventures like this cement that reputation."
Ymagis Group and Helios today announced an agreement for the deployment of content delivery technologies at Helios multiplexes across Poland. Under the terms of the agreement, the entire Helios cinema circuit (206 screens, 37 sites) is set to be equipped with Ymagis Group’s proprietary electronic receiver equipment before the end of March.
BBC Worldwide North America and Fathom Events will commemorate the 400th anniversary of Shakespeare’s death with the release of Bill, a comedic, fictional tale of how Bill became William Shakespeare. This offbeat Monty Python-esque farce stars Mathew Baynton (The Wrong Mans, Bob The Builder) as William Shakespeare along with husband and wife duo – Damian Lewis (Billions, Homeland) as swashbuckling Sir Richard Hawkins and Helen McCrory (Peaky Blinders, Fantastic Mr. Fox) as Queen Elizabeth.
The New York Film Critics Series has partnered with independent cinemas to present live, in-theater events. The next NYFCS U.S. event on March 16 and 17 will be preview screenings of The Confirmation with on screen appearances by Clive Owen, Jaeden Lieberher, and writer director Bob Nelson (Nebraska).
This Sunday, movie fans around the world will turn their attention to the Dolby Theatre in Hollywood to see who the winners of the 88th Academy Awards will be. Meanwhile, the people who run a new website are betting they already know. Billing themselves as the “newest online source for unbiased gambling, reviews and information,” OnlineGambling.lv has posted odds on what to expect for the 2016 Oscars. “The Oscars continue to captivate fans unlike the other awards shows,” said OnlineGambling.lv spokesman Allan Kingsley Jones. “Movies elicit strong emotions that entice fan interaction throughout the nation and across the world.” Here are their choices:
After initially being released in November 2015, the Japanese animation film Girls und Panzer: The Film sky-rocketed from 24th to 8th in the national box office rankings this month when it was released in 4DX. The average occupancy rate during the films first weekend in 4DX hit 97 percent at the 27 4DX screens it was available. The film is set to be screened at all 33 4DX screens in Japan this March.
Village Cines Recoleta is Argentina's first cinema to install Christie Vive purpose built line array speakers. The Village Cines Recoleta Hall 6 auditorium also includes Dolby Atmos sound. With 20 years’ experience in the Argentinean market, Village Cines currently has eight complexes with a total of 79 screens across the country and has recently completed its final phase of its digital roll out with Christie Solaria Series projectors.
Ymagis Group and French multiplex chain Megarama today announced the installation of Barco DP4K-60L 4K laser projection systems and Dolby Atmos sound technology in three new multiplexes: in France, at the Megarama Bordeaux, and at Morocco’s Megarama Casablanca and Megarama Marrakech. A similar agreement was signed last November for Megarama’s Villeneuve-La-Garenne site near Paris.