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.

Independent Canadian Exhibitors Operating at a Loss

Wed, 03/13/2024 - 09:56 -- Nick Dager

A study from the Network of Independent Canadian Exhibitors says that 60 per cent of independent cinema operators surveyed between December and February operated at a loss at the end of their most recent fiscal year. About two-thirds of the 67 respondents reported that they need increased public funding to remain operational. It was estimated that they would need about $50,000 in extra funding annually for three years to close the immediate gaps they face.

Barco Announces Plans for CinemaCon 2024

Tue, 03/12/2024 - 09:55 -- Nick Dager

At CinemaCon 2024 Barco will feature a long-awaited breakthrough in movie presentation and an expanded cinema team in the Roman Ballrooms at Caesar Palace in Las Vegas from April 9-11. The exhibit will feature an immersive look into the company’s leading portfolio of laser cinema projectors, opportunities to meet and reconnect with the global Barco cinema team, and the surprise debut of a much-anticipated cinema innovation with demos running daily throughout trade show hours.

Nikon to Acquire Red Digital Cinema

Mon, 03/11/2024 - 09:24 -- Nick Dager

Nikon Corporation has entered into an agreement to acquire 100 percent of the outstanding membership interests of Red Digital Cinema, whereby Red will become a wholly owned subsidiary of Nikon, pursuant to a membership interest purchase agreement with James Jannard, Red’s founder, and Jarred Land, its current president, subject to the satisfaction of certain closing conditions thereunder.


Subscribe to Business