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UN, SAWA Launch New Global Warning Awareness Campaign

Thu, 03/21/2024 - 09:29 -- Nick Dager

The UN Development Program and SAWA Global Cinema Advertising Association today launched a one-week international cinema advertising campaign across 11 countries, including all Pearl & Dean cinemas in the UK and Ireland. Global cinema audiences will be surprised to see – a special forecast for the year 2050. While the weather format is familiar, the forecasts – anchored by children – are not.

MASV Earns TPN Gold Shield

Wed, 03/20/2024 - 14:21 -- Nick Dager

The large file transfer system for video professionals MASV has successfully completed the TPN Gold Shield assessment. The Trusted Partner Network is a part of the Motion Picture Association’s efforts to elevate secure content protection across the film and television industry. This significant achievement places MASV among an elite group of service providers who meet the highest security standards.

National CineMedia Announces Plans to Repurchase its Stock

Tue, 03/19/2024 - 09:49 -- Nick Dager

National CineMedia today announced that its board of directors has approved a new share repurchase program authorizing the purchase of up to $100 million of the company’s common stock through April 1, 2027. During the course of the program, NCM plans to use operating cash flow distributions from NCM LLC to repurchase shares at prevailing market prices, while continuing to invest capital in growing its advertising network through strategic initiatives.

Film Production Growing in New Jersey

Mon, 03/18/2024 - 09:59 -- Nick Dager

The film industry in New Jersey employed more than 8,500 people throughout 2023 – and that number is on the rise. Netflix is investing $1 billion to build its East Coast flagship production studio at Fort Monmouth, creating 1,500 industry jobs. Lionsgate is building a major studio in Newark, and 1888 Studios, the largest ground-up movie studio complex in North America, will soon call Bayonne home. It’s expected that by 2026, the motion picture industry in the state will amount to $1 billion per year and, by 2035, the industry will cross the multi-billion-dollar threshold. In recent years, the state has played host to a number of successful film and TV productions. According to the Motion Picture Association, New Jersey has seen $2.15 billion in wages through the film industry since 2020 – with more than 19,000 jobs created in the larger motion picture and television industry, including indirect and induced impact on local vendors. I recently spoke, via email, with Tim Sullivan, CEO of the New Jersey Economic Development Authority to get a sense of what lies ahead for his state in film and television production. Here is that conversation.

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