Imax Corporation has filed a proposal to acquire the outstanding 96.3 million shares in Imax China, a Hong Kong-listed subsidiary established by Imax Corporation to oversee its business in Greater China. The deal is worth roughly $124 million. The offer represents an approximate 49 percent premium to the 30-trading day average closing price. Upon approval of the offer, Imax Corporation will own 100 percent of Imax China.
India’s largest multiplex chain PVR Inox has announced new attractively priced offers for food and beverages at all its cinemas across the country. The announcement aims to enhance the cinematic experience for patrons. Beginning today, moviegoers can purchase food items ranging from hotdogs to burgers, popcorn and sandwiches, beverages and exciting combos starting at just INR99 from Mondays to Thursdays.
Screenvision Media today announced for the second consecutive year that Indeed Rising Voices will take over the Screenvision Front + Center pre-show from now through August 31.
Angel Studios, the platform and studio empowering filmmakers to crowdfund, create, and distribute films and TV series globally, backed by more than 70,000 investors in the Angel Guild, disputes rumors about AMC theatres and the film Sound of Freedom.
Cinionic has announced a new preferred partnership designation by Cineplex Deutschland, Germany’s largest exhibitor, through 2026. As part of the deal, Cinionic will drive the technology renewal for the circuit, bringing Laser Projection by Cinionic to more than 100 screens over the next three years.
Arts Alliance Media has announced a new Lifeguard partnership with Total Cinema Solutions, a United States-based cinema technology integrator for small and independent exhibitors, to enable full integration with their popular TechSelect service.
Top Gun has been named the UK’s favorite Tom Cruise movie of all time, according to new research, commissioned by Showcase Cinemas to celebrate the release of Mission: Impossible Dead Reckoning Part One.
Honoring Disability Pride Month and the 33rd anniversary of the Americans with Disabilities Act, the ReelAbilities Film Festival has launched Its accessible streaming platform dedicated to films that celebrate and explore the lives and experiences of people with disabilities.
Houston-based Culinary Khancepts, known for brands that include Liberty Kitchen & Oysterette, State Fare Kitchen & Bar and Star Cinema Grill, will open its two newest concepts to the public on Wednesday, July 12. Reel Luxury Cinemas and The Audrey Restaurant & Bar are located in The Woodlands at the popular Market Street development. The venues will be sharing more than 20,000 square feet of second floor space with beautiful views of the green space.
In the wake of the pandemic, UFO Moviez India and Qube Cinema Technologies, have announced, subject to necessary approvals, their intention to forge a strategic alliance, proposing two 50:50 joint ventures aimed at bolstering the cinema industry recovery. One joint venture will be focused on the commercial monetization and marketing of the combined cinema advertising inventory, on behalf of UFO and Qube in India, and the other to oversee feature film mastering, localization, and content delivery within India and Nepal.
