Business

PVR Inox Merger Moving Ahead

Tue, 07/05/2022 - 11:41 -- Nick Dager

Cinema chains PVR and Inox said they have received the approval of the Securities and Exchange Board of India for their merger, clearing an important step in the regulatory process. The two companies announced in March that they were planning a merger to create India’s largest multiplex chain with a network of more than 1,500 screens.

Elvis Leads Steady Box Office Gains

Wed, 06/29/2022 - 11:27 -- Nick Dager

Signs of adult audiences returning continued this week, according to the London-based analytics firm Gower Street, as Baz Luhrmann’s with a $31.2 million opening Elvis prevented Top Gun: Maverick from flying back into the top spot on the Domestic chart. The biopic delivered $51.2 million globally from 52 launch markets. It scored number one in Luhrmann’s home-market, Australia ($4.7 million including previews), as well as in the UK/Ireland ($4.9 million), Italy ($925,000), Netherlands ($849,000), and New Zealand ($662,000).

Grainne Clarke Stepping Down as ECA Managing Director

Tue, 06/28/2022 - 13:06 -- Nick Dager

As part of a broader move to a leaner and more participatory operating model, the Event Cinema Organization today announced that managing director, Grainne Clarke, will be stepping down from her current role and has been appointed as non-executive Director of the association going forward. The announcement was made by the ECA’s board of directors. Clarke has been managing director since 2018.

DLS Offering Laser Upgrade Kits to ICA Members

Tue, 06/28/2022 - 08:23 -- Nick Dager

The Independent Cinema Alliance has added a new program by Digital Light Sources to offer laser phosphor upgrade kits for digital cinema projectors to its members. As the nation’s only buying group for exhibitors, the ICA plays a vital role in leveling the playing field and building a competitive position for independent cinemas operating throughout North America.

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