National CineMedia today announced consolidated results for the fiscal fourth quarter and year ended December 28, 2017. Total revenue for the fourth quarter decreased 1.3 percent to $140.7 million from $142.5 million for the comparable quarter last year. Adjusted OIBDA decreased 4.4 percent to $82.6 million for the fourth quarter of 2017 from $86.4 million for the fourth quarter of 2016.
Viacom has partnered with Movio to combine Movio’s moviegoer data with Viacom Vantage’s advanced advertising capabilities. Viacom is the only media company to connect Movio’s consumer data to set-top box viewing data, providing film studios with the ability to deliver marketing campaigns at scale.
MoviePass has named former product leader at Spotify, Viacom and Comcast, Mike Berkley chief product officer. Berkley’s role at MoviePass will be to lead the product strategy and vision for the MoviePass service, as the company continues its efforts to grow its subscriber base and expand technology integrations with exhibitors and other partners.
CinemaNext today announced the official opening of CinemaNext Middle East & Africa in Jebel Ali Free Zone, located in Dubai, United Arab Emirates. Cinema industry professional Francois Inizan will serve as its general manager.
The Video Advertising Bureau has appointed Lauren Leff as vice president, marketing & communications effective immediately. In this newly created role, Leff will oversee the organization’s internal and external communications supporting the VAB’s advocacy and dedication to providing advertisers and their agencies with the most current and actionable media insights on the expanding world of premium, multi-screen video content.
MoviePass today announced a partnership with the customer experience specialist TaskUs. In addition to partnering with TaskUs, MoviePass has also hired former TaskUs senior manager of client services, Jake Petersen, as the company’s vice president of customer experience.
Fandango says it sold more than thirty percent of all online tickets purchased for Black Panther, making it the largest shares of opening weekend for any movie in the company's 18-year history.
Reliance Industries Limited, through a subsidiary, has agreed to subscribe to a five percent equity stake in Eros International Media Limited at a price of fifteen dollars per share, which represents an 18 percent premium over the stock’s last closing price. The transaction is subject to customary regulatory and other approvals. Furthermore, RIL and Eros announced that they have agreed to partner in India to jointly produce and consolidate content from across India.
Cinema software firm Vista Group International has bought back 7.9 per cent of its Chinese entity for $7.7 million, leaving it with 47.5 per cent of the business and allowing it to treat the division as a controlled entity within the group
Helios and Matheson Analytics has increased its total ownership of the outstanding shares of MoviePass’ common stock (excluding shares underlying MoviePass options and warrants) to approximately 78 percent. The increase in ownership stems from cash advances provided by HMNY to MoviePass, from time to time, from December 19, 2017 through February 15, 2018.
