Bow Tie Cinemas Acquires Clearview Theatres
Bow Tie Cinemas and Cablevision Systems Corporation today announced the completion of Bow Tie's acquisition of substantially all of the Clearview Cinemas theatres from Cablevision.
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National CineMedia Announces Plans to Repurchase its Stock
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.
Patrick Stickney Wins the CinemaCon 2024 Art Contest
CinemaCon today announced Patrick Stickney as the winner of the CinemaCon 2024 Art Contest for his work titled Grand Exterior, Mitch Neuhauser, managing director of CinemaCon. CinemaCon, the official convention of the National Association of Theatre Owners, will be held April 8-11, 2024, at Caesars Palace in Las Vegas.
Film Production Growing in New Jersey
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.
Scope Cinemas Opening Sri Lanka’s First Imax Theatre
Scope Cinemas will soon open Sri Lanka’s first Imax movie theatre. The current tentative plan is to open in time for the release of either Furiosa: A Mad Max Saga (May 24) or Deadpool & Wolverine (July 26). The theatre has been in development for a very long time.
Miraj Cinemas Surpasses 200 Screens Across India
Miraj Cinemas has opened its first multiplex in the state of Kerala. The three-screen multiplex is located on the third floor of the Blue Diamond Mall. With this latest launch, the company has now surpassed 200 screens across India.
Rodeo FX Opens Color Grading Studio, Hires Colorist Ana Escorse
Montreal’s Rodeo FX, known for providing high-end visual effects, post-production, animation, and other creative services, has expanded its offering into color grading by opening a new Baselight grading suite led by new senior colorist, Ana Escorse.
Blu Digital Group Opens Montreal Facility
The Blu Digital Group, a provider of media and entertainment digital media services and software, has opened operations in Montreal, Québec. "We are thrilled to establish our presence in Montreal, a strategic move that underscores our commitment to global expansion and our dedication to providing comprehensive media services," said Paulette Pantoja, CEO of Blu Digital Group.
AMC Announces Zoom Rooms for Group Meetings
AMC Theatres and Zoom have announced Zoom Rooms at AMC in eight major markets around the country. Zoom Rooms at AMC enable companies with dispersed workforces and customer bases to bring people from different locations together at the same time for cohesive hybrid events and meeting experiences.
Joseph Quinn to Receive CinemaCon Breakthrough Performer of the Year Award
Joseph Quinn will receive this year’s CinemaCon Breakthrough Performer of the Year Award, Mitch Neuhauser, managing director of CinemaCon, announced today. CinemaCon, the official convention of the National Association of Theatre Owners, will be held April 8-11 at Caesars Palace in Las Vegas. Quinn will be presented with this special honor at the Big Screen Achievement Awards ceremony taking place on the evening of Thursday, April 11, at The Colosseum at Caesars Palace and hosted by official presenting sponsor The Coca-Cola Company.
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