Exhibition

National CineMedia Announces First Quarter Fiscal Results

Tue, 05/11/2021 - 10:33 -- Nick Dager

National CineMedia today announced consolidated results for the fiscal first quarter ended April 1. During the first quarter the company continued to manage its liquidity position through various cost-control measures and the issuance of a new $50 million term loan in March. With the funding of this additional debt, NCM’s cash balance as of April 1 was $139.4 million, an increase of $15.5 million as compared to the balance as of December 31. Including the $52.8 million, the company had $192.2 million of cash, cash equivalents and investments as of April 1.

Ceylon Theatres Get Sound Makeover

Tue, 05/04/2021 - 11:03 -- Nick Dager

Ceylon Theatres is a Sri Lankan theatre chain with an 85-year history that currently operates six locations throughout the country. The latest location is a three-screen facility in Dematagoda, which also houses a KFC restaurant and Food City supermarket. In order to ensure an immersive cinematic experience with clear and balanced audio quality for moviegoers, Ceylon Theatres Regal Cinema Dematagoda required new sound systems for all three screens.

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Dynamic AV Technologies

Iconic Releasing Major Fight in May, Names Bunnell CEO

Thu, 04/29/2021 - 10:32 -- Nick Dager

The event cinema company Iconic Events announced today that the company has enlisted theatrical circuits representing over 1,000 locations to the expanding network of theaters playing its programming, and that Steve Bunnell has been named chief executive officer. The announcement was made by Iconic Events executive chairman Michael Lambert. Iconic will bring audiences the super middleweight fight between Canelo Alvarez and Billy Joe Saunders on May 8 through a new partnership with DAZN and will bring the rematch of McGregor/Poirer to theaters in the just-announced UFC event on July 10.

GQT Movies Adopts CES+ Cielo TMS

Mon, 04/19/2021 - 11:11 -- Nick Dager

GQT Movies, a chain of 22 movie theatres headquartered in Grand Rapids, Michigan, CES+ Cielo theatre management system to run its 174 screens in the United States. CES+ will oversee the implementation of Cielo’s technology across GQT Movies locations, including future locations the chain will represent. The platform will enable GQT Movies to reduce support costs while increasing uptime levels through features like smart alerts, hands-on customer service and more.

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