Multiplex operator PVR Inox has reportedly experienced a quarterly loss of 3.33 billion rupees ($40.72 million), hit by one-time impairment charges and expenses related to the planned shutdowns of some cinemas.
Reading International, a diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the first quarter ended March 31, 2023. President and chief executive officer Ellen Cotter said, “During the first quarter of 2023, our global revenue grew 14 percent, negative EBITDA improved by 60 percent and our operating loss reduced by 33 percent.
Cinematronix and Danny Pickett have acquired Bay Area Cinema Products of California and Washington. Kevin DeRijck and Pickett, principal officers, will provide sales and service domestically and internationally as they are committed to providing the best cinema equipment, service, and presentation in the business.
Disguise has announced the Cannes Film Festival’s first Virtual Production Summit. Created in partnership with Film Soho, Marché du Film and Cannes Next, the summit will feature talks, demonstrations, and workshops on the future of entertainment with studio heads and filmmakers at Netflix, Paramount, Framestore, Nordisk Film and more.
The Post New York Alliance will explore how artificial intelligence is revolutionizing post-production in the next edition of Post Break, its free webinar series. The Role of AI in Filmmaking is scheduled for Thursday, May 18th at 4:00 pm ET.
Trafalgar Releasing will distribute the solo documentaries of 21st century pop icons, BTS’ j-hope and Suga, j-hope In the Box and Suga: Road to D-Day, in theatres worldwide beginning June 17.
To celebrate a run of epic blockbuster releases, Showcase Cinemas’ Insider members who watch any four films between May 3 and August 18 will receive a free ticket to see a film of their choice between September 1 and October 20 at its locations nationwide. As well as a complimentary cinema ticket, film fans can also enjoy a free treat, such as popcorn, nachos, or a hotdog.
Animation studio Laika’s chief marketing officer David Burke has added chief operating officer to his responsibilities at the company. Burke joined Laika in 2019 from Universal Pictures, where he had been general manager for the Republic of Ireland and Northern Ireland since 2006. The promotion was announced today by Travis Knight, president, and CEO, to whom Burke will continue to report.
VFX Legion created more than 100 digital effects for the premiere season of NBC Television Network’s new series Quantum Leap, creator Donald P. Bellisario’s revival of the '90s sci-fi cult classic. Stepping in during pre-production of the first episode, the Los Angeles and British Columbia-based company created a complex mix of 2D and 3D assets across the first season.
The UK cinema advertising firm Digital Cinema Media has announced a seven-month nationwide partnership with Samsung. Together, the companies will launch a blockbuster opening week ident take over package for this year’s biggest films, kicking off with Guardians of the Galaxy Vol.3.
