Imax – According to Wall Street Journal China, Imax is planning to open a further 19 screens in partnership with local companies ahead of listing its local operation. Interestingly Richard Gelfond’s Chinese name is Gail Fang.
IMAX theater will open new cooperation with Chinese state-owned Shanghai Film Group (Shanghai Film Corp.), these new theater will open in the second half of 2015. IMAX chief executive Gail Fang (Richard Gelfond) in an interview that the new screen is in agreement IMAX April this year after the signing of a new partnership agreement, IMAX at the time that 20 percent of China operations will the shares sold to the Chinese Cultural Industry Investment Fund (China Media Capital) and private equity firm party sources of capital (FountainVest Partners), Chinese Cultural Industry Investment Fund and each party sources of capital will be paid before the beginning of 2015 to $ 40 million to purchase these services 10 % stake. Gail Fang said that this is one of the local partners to introduce IMAX many reasons. He explained that the next few weeks IMAX will sign an agreement with the Shanghai Film Group, a related company in China to open six new screens. He would not disclose more details. Gail Fang said they feel American investors do not fully understand the potential of the Chinese film market. IMAX China is a key growth market, also destined to become the company’s largest market. LINK
China – Internet purchases of cinema tickets via PCs and smartphones now accounts for as much as 40% of some screenings in China, many through third-party operators. But there are problems getting refunds when a screening or booking is cancelled.
So why buy from a third-party platform movie tickets will not refund it to industry sources, it involves a lot of problems:? First permissions issues, some theater tickets willing to open permissions to the site at any time to cancel or reservation, some if not, for unwilling audience request returned tickets, you need a web site to communicate with the theater; Second, the number of back problems, the user tickets through the website, the website will charge a service fee, which is not linked to the occurrence and the theater, And every ticket website service charges are not the same, how much money to retire to cinema audiences has become a major problem; most critical is that each theater has its own ticketing provision that “once sold, will not refund” also it as a “norm”, because in the theater seems, movie tickets have a time limit, the audience returned tickets may affect sales, so in the case of theater tickets out of their own can not retire, the net purchase tickets. LINK