Business

Kinepolis Group Completes Landmark Cinemas Acquisition

Mon, 12/11/2017 - 11:56 -- Nick Dager

Belgium based Kinepolis Group has completed its acquisition of Landmark Cinemas in Canada. In mid-September, Kinepolis reached an agreement with the shareholders of Landmark Cinemas to acquire the company subject to Canadian regulatory approvals. The approval by the Minister of Canadian Heritage, The Honorable Mélanie Joly, on December 7, allowed Kinepolis to successfully complete the acquisition.

Cineworld Buys Regal for Nearly $6 Billion

Thu, 12/07/2017 - 11:23 -- Nick Dager

Cineworld, the U.K.’s largest cinema operator, has acquired Regal, one of the largest theatre circuits in the U.S., for a reported $5.9 billion. The deal would create the world’s second-largest movie theater owner and enable Cineworld to better compete with AMC Entertainment, which is owned by the Chinese conglomerate Dalian Wanda. The Cineworld-Regal combination would create a company with more than 9,500 screens in 10 countries.

MoviePass Lowers Price to $6.95 Per Month

Fri, 11/17/2017 - 11:04 -- Nick Dager

Just in time for Christmas, MoviePass is offering a one-year subscription plan for a flat fee of $89.95 and a $6.55 processing fee. Existing MoviePass customers will receive 25 percent savings from their current $9.95 per month plan if they subscribe to the new one year MoviePass subscription plan.The one-year subscription plan will be available only for a limited time.

MoviePass Names Bernadette McCabe SVP of Exhibitor Relations

Thu, 11/16/2017 - 11:22 -- Nick Dager

MoviePass has expanded its leadership team and named Bernadette McCabe as senior vice president of exhibitor relations. McCabe, a proven industry veteran and former Screenvision Media executive with more than 16 years of experience, will be responsible for growing and developing the company’s relationships with movie theater exhibitors. She will spearhead strategic initiatives across marketing and business development, provide financial insights for how theaters can glean the most value from MoviePass data and analytics, and evaluate opportunities to increase collaboration between theaters and movie studios.

Ymagis Group Reports Growth for Third Quarter 2017

Wed, 11/15/2017 - 13:08 -- Nick Dager

Ymagis Group today reported its consolidated financial results for the third quarter 2017 and first nine months of the 2017 fiscal year, ending September 30. Ymagis Group’s activities resumed growth, with the consolidated financial results for Q3 2017 slightly up at €43.2 million, for an increase of +2.1 percent, driven by the group’s services activities.

WCPMedia Supports MIA for Third Year in a Row

Tue, 10/24/2017 - 15:44 -- Nick Dager

For the third straight year, Italy’s Mercato Internazionale Audiovisivo has selected WCPMedia Services’ cloud-based media management platform to manage film, television, documentary and gaming content. Relied on by festivals, studios and broadcasters worldwide, WCPMedia Services provided a fast and simple way for producers and distributors to submit projects to MIA and share them, securely, with potential buyers both at the market and around the globe.

MoviePass Reaches 600,000 Subscribers

Tue, 10/24/2017 - 11:20 -- Nick Dager

MoviePass surpassed the mark of 600,000 paying monthly subscribers as of October 18, up from approximately 20,000 as of August 14, the day before MoviePass announced its new $9.95 per month subscription price. The continued growth trajectory exceeded MoviePass’ initial projections, and now MoviePass projects that it will acquire at least 3.1 million additional paying subscribers by next August, exceeding its previous estimate of 2.5 million subscribers.

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