Business

Reliance Industries Takes Equity Stake in Eros International

Wed, 02/21/2018 - 10:30 -- Nick Dager

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.

Helios and Matheson Increases Stake in MoviePass

Mon, 02/19/2018 - 11:14 -- Nick Dager

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.

EPO Upholds One of RealD’s Patents in Volfoni Fight

Thu, 02/15/2018 - 11:38 -- Nick Dager

RealD announced today that the European Patent Office’s Opposition Division has upheld the validity of one of the company’s key patents for light-doubling 3D cinema projection systems. Volfoni and MasterImage had both challenged the EPO’s grant of RealD’s European patent, which covers optical architectures in light-doubling 3D cinema systems.

CinemaNext, Ezcaray International Expand Seating Distribution Agreement

Wed, 02/14/2018 - 12:49 -- Nick Dager

CinemaNext has signed a distribution deal with Spanish seating supplier Ezcaray International recognizing CinemaNext as an official distributor in 17 European countries as well as in the US, Russia, Egypt, Kazakhstan and Morocco. CinemaNext is currently the exclusive reseller of Ezcaray’s full range of seating products for cinema in Germany.

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