Tag Archives: Cineworld

Daily Cinema Digest – Friday 20 February 2015

Cineworld didsbury

Cineworld has been fined a total of £9,500 and ordered to pay £2,573 costs after two of its staff were given potentially fatal electric shocks by a faulty popcorn machine. Defending Cineworld Kathryn Turner said the exhibitor “has an exemplary record with no previous convictions.” Technically true, but the same Cineworld site had a cockroach infestation in 2014 and staff were allegedly told to hush up the issue.

Staff at Cineworld in East Didsbury failed to prevent a second worker suffering a potentially lethal shock by switching off the wrong machine, a court heard.

The cinema chain has now been convicted of a breach of health and safety laws for the first time in its history after the incident on December 4, 2013.

The machine, which keeps popcorn warm, was being switched on by a member of staff working at the theatre at Parrs Wood shortly after 11am when he suffered a shock.  LINK

PVR Sathyam deal called off

India – So far only a rumour but money control.com claims that the PVR-Sathyam deal may be off.

One of the largest M&A deals in the multiplex space has been called off. Sources say PVR ‘s ambitious plans to buy Chennai-based Sathyam Cinemas has been shelved.

PVR was supposed to buy Sathyam for Rs 1200 crore. According to sources, the deal got called off due to concerns over valuation.

Sources also add that Cinepolis Group is now likely to buyout Sathyam Cinemas. Cinepolis Group recent bought Fun Cinemas.  LINK

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Daily Cinema Digest – Monday 16 February 2015

Cineworld 50 Shades

Women attending the opening night screening of “Fifty Shades of Grey” at Cineworld in Glasgow’s Renfrew Street had their bags opened and searched as they were waiting to enter. It is not known what the staff were looking for.

Cineworld have yet to comment on the searches, but their terms of entry on their website state that: “Cineworld reserves the right to search a customer’s possessions whilst on the premises for any item which a staff member believes may contravene these terms and conditions. Customers must consent to being searched for any item which a staff member believes may contravene these terms and conditions. Cineworld reserves the right to refuse entry or require a customer to leave without entitlement to a refund if consent is not given.”  LINK

50 shades Glasgow

Maybe they were looking for sharp glass that rowdy and drunk women could do serious damage with, as was the case in this cinema also in Glasgow. There were also drunk women throwing up in the isles of the cinema.

Three women were arrested after a man was attacked at a screening of Fifty Shades of Grey on Valentine’s Day.

It’s understood the victim was glassed when he asked a group of rowdy women to keep quiet.

Witnesses said cinema staff had to wipe blood off the seats before the next screening of the sexy film, starring Jamie Dornan.  LINK

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Daily Cinema Digest – Wednesday 4 February 2015

Fun cinemas

India – Having confirmed its new acquisition, Cinepolis won’t just re-brand the Fun cinema circuit but revamp its entire portfolio, we are told. And it also plans a significant – but realistic – organic expansion.

Cinepolis India Pvt. Ltd, the Indian movie exhibition arm of Mexican chain Cinepolis, is planning to add 60 screens to take its total count to over 250 screens by the end of 2015, said a company executive.

“With the acquisition of Fun Cinemas assets, we now have 193 screens and… we will end 2015 with more than 250 screens,” said Javier Sotomayor, managing director at Cinepolis India.  LINK

PVR Cinema

India – A strong end to 2014 for Bollywood translates into a good quarter for PVR.

India’s largest cinema chain PVR announced robust financials for the quarter ending 31 December, the third quarter in the country’s financial year. The company posted revenues of $702 million (rupees 4.21 billion), up 24 per cent on the same period in 2013. Profit after taxes reached $5.26 million (316 million rupees), up by 127 per cent, while EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 63 per cent to $14 million (840 million rupees).

PVR claimed the strong results were due to solid hits including Disney-UTV Motion Pictures’ record shattering PK (considered the most successful Indian film), Fox Star Studios’ Bang Bang! (a Bollywood remake of the Tom Cruise-Cameron Diaz starrer Knight and Day), superstar Shah Rukh Khan’s Happy New Year and director Vishal Bharadwaj’s Hamlet adaptation Haider.  LINK

PVR has also announced that it is buying back the stake in the exhibitor owned by luxury good company LVMH.

PVR, India’s leading multiplex cinema chain, is to buy back a 10% share stake owned by an investment subsidiary of luxury goods giant LVMH.

The move followed strong financial results by PVR, which did not disclose the purchase price.

The stake had been held by L Capital Eco, part of LVMH’s L Capital Asia, since August 2012.  LINK

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Daily Cinema Digest – Monday 19 January 2015

Microsoft smartphone cinema

Has Microsoft discovered a way to make smartphones less annoying in cinemas? For those who can’t bear to switch them off for a couple of hours, this could be the solution.

A patent granted to Microsoft this week could automatically adjust the settings on your phone to make it less annoying in movie theaters.

Granted on January 13, the patent details an “inconspicuous mode” which would automatically adjust brightness, mute sounds and offer reduced information on the lock screen when the owner goes to the theater or is about to head to bed.

Inconspicuous mode would be triggered using sensors on the device when visiting a venue like a movie theater, or could be manually enabled by the user.  LINK

regal-entertainment1

USA – Regal is not for sale. The company has decided against putting itself up for sale. It always seemed unlikely, more like a distraction from two consecutive quarters of bad growth.

Regal Entertainment Group, which operates the nation’s largest theater chain, is no longer looking for a buyer, the company said Thursday.

The Knoxville, Tenn.-based chain announced that its board of directors has “determined that a sale of the company would not be in the best interest of shareholders at this time,” according to a statement. “The board, consistent with its fiduciary duties, remains committed to evaluating any alternatives that would enhance shareholder value.”

Regal said it arrived at its decision after examining strategic alternatives with the advice of Morgan Stanley & Co.  LINK

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Daily Cinema Digest – Thursday 15 January 2015

Cineworld lesbians

UK – Cineworld clearly has to work on more LGBT awareness (not to mention common sense) for its staff, after a lesbian couple were evicted for (wait for it) using the Ladies toilet. A £20 voucher and two free tickets hardly seem like an adequate apology for treating paying customers this way.

A lesbian couple were kicked out of the ladies’ toilets during a trip to the cinema because the security guard thought they were men.

Tracey Seaton and Keira Williams had just popped to the toilet after watching a film at Cineworld in east London.

But a guard followed them in and forced them to leave after insisting they were men.  LINK

Odeon wheelchair evict

UK – Meanwhile Odeon staff evicted a disabled man because a few people complained that his ventilator was making too much noise. Seriously, do UK cinemas feel that they have too many patrons to go throwing out ticket-paying customers like this? I mean it as a serious question. Tell me your views in the ‘Comments’ section below, please.

A cinema-goer with Duchenne muscular dystrophy was thrown out part way through a film after complaints his life-saving ventilator was a “noise nuisance”.

Richard Bridger, 31, was asked to leave an Odeon cinema in Epsom, Surrey, as he watched Taken 3, the Liam Neeson thriller, with his carer.

It happened just a week after volunteers from the Motor Neurone Disease Association were allowed to make bucket collections at the cinema, which is screening the film about the wheelchair-bound science genius Stephen Hawking, The Theory of Everything.  LINK

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Daily Cinema Digest – Wednesday 14 January 2015

AMC Wanda logo

USA (NV) – Is AMC going to ditch Imax for Dolby Cinema? Of course not, but this and other nuggets emerge from a Citi Global Internet, Media & Telecommunications Conference transcript with AMC’s Craig Ramsey, EVP and CFO, where he talks about the company’s five different strategies.

But to my point about our proprietary brands, I want to do a plug on — and we love IMAX. I’m not being negative against IMAX, because it’s been a great partner. But if you think about it, really there’s only one party that needs to make the decision on the proprietary brand whether a film is in the big auditorium with the big-screen, the big seats, and the Dolby Atmos sound system that you’ve spent a ton of money on, and it’s us. Because you don’t have to reformat that film.

And so you can deliver, I think, an IMAX-like experience over a broader range of product. Some that hasn’t been. So I think the growth opportunity, at least for us, we’ve got 17 of our private label and I think we have a big growth opportunity in more rollout of our AMC Prime proprietary product. In some cases where we also have IMAX, because the two can be complementary. LINK

Worth reading in full – this is after all the exhibitor that has 67% of the screens of Regal but generates 90% of the revenue that Regal does. Read about the ‘recliner’ strategy. Nothing is more important in the US exhibition business right now than seating. Repeat: nothing. Not even Imax/Dolby Cinema.

I don’t know if you’ve been — we operate — I said 344 theaters. 55 of those theaters we have remodeled, which has included taking out two-thirds of the seats. Where we had three seats, we have one. And that one is a plush, automatic, motorized recliner, which gives the moviegoer seat east and west more room, and north and south more room. We’ve — it’s been an unbelievable positive response from the guest, more privacy, greater comfort.

What you may be thinking well, but you’ve taken all that capacity out of the auditorium. You probably are missing some attendance because of the sellouts.

On the whole, our industry operates on about 11% capacity utilization. There’s a lot of room in this business to take seats out and deliver a better guest experience through a better seat. Recliner reseats, take two-thirds of the seats out, and attendance on average in these theaters has increased 50%. In an industry that is experiencing declining attendance, our recliner reseat theaters are growing attendance by 50% year over year. Pretty dramatic.

cineworld-logo.jpg

UK/Europe – Cineworld’s diversification strategy of spreading out across Central and Eastern Europe (and Israel) seems to be paying off in offsetting declines in cinema going in the UK, where higher ticket prices still kept profits ticking.

Cineworld has unveiled a blockbuster trading update, saying its full-year earnings will be at the top end of analysts’ expectations after it managed to persuade British cinema-goers to spend more on their tickets.

The company said that while admissions in its UK & Ireland business declined by 3.7 per cent during the year, this was offset by growth of 4 per cent in the average ticket price.

Visiting cinemas is not a declining trend across its entire business, however.  LINK

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Daily Cinema Digest – post-Christmas/New Year roundup

Happy New Year to all our CJ reader and may 2015 be a good year for cinema everywhere. Other then the circus surrounding the release of “The Interview”, here are some of the other cinema-related news you may have missed over the holidays.

CGV logo

South Korea: A not-so-Merry Christmas for South Korea’s exhibition majors. We have highlighted allegations of anti-competitive behaviour before and it finally seems to have caught up with them.

CJ-CGV was fined $2.9 million and Lotte Entertainment fined $2.1 million by the country’s Fair Trade Commission.

The fines were imposed after the FTC earlier rejected the two companies’ attempt to obtain a ‘consent decree’ – an offer of voluntary restitution by a guilty party – was rejected.

The FTC said that the two chains had favoured the releases of movies handled by their affiliated distribution companies, by giving them wider releases and longer theatrical runs.  LINK

Megabox

Staying in Korea, not content with buying up cinemas in the /USA and Australia, investors from China (PRC) have bought the third-largest exhibitors in South Korea. Who didn’t get fined.

A Chinese consortium has signed a contract to buy Korea’s No. 3 multiplex cinema operator Megabox, according to reports Thursday.

Megabox is 50 percent owned by Korea Multiplex Investment, a private investment body led by Macquarie Funds and a group of investors.

JContentree Corp., a media group, also holds a 46.3 percent stake in the multiplex cinema operator, with other minor investors holding the remaining shares.  LINK

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Daily Cinema Digest – Friday 4 December 2014

Hoyts logo

With Hoyt having called off an IPO of its exhibition business earlier this year, there is now speculation that it could be sold to a private equity investor instead.

Sydney-based Pacific Equity Partners is negotiating to sell the Hoyts chain – with 483 screens in Australia and New Zealand – to ID Leisure International Capital.

It is not clear yet if the sale, which is understood to be possible by the end of the year, will mean a change to the name or look of the cinemas.

The company could not be reached for comment, but negotiations are understood to be advanced.  LINK

JT logo

Netherlands – More details on the plans for JT to be one of the first Dolby Cinema digital PLF test venues.

JT Bioscopen and Dolby Laboratories, Inc. (NYSE:DLB) today announced plans to open the doors of a Dolby Cinema™ in the newly constructed cinema complex of JT Eindhoven in the Netherlands. Dolby Cinema, a branded premium cinema experience, combines spectacular image and sound technologies with inspired design to make every visit a completely captivating cinematic event.

The new JT Eindhoven cineplex, opening on December 15, is one of the biggest cinemas of the JT branch and will host eight screens and 1,546 seats. The premiere screen in the new JT Eindhoven complex will be among the first Dolby Cinema installations, equipped with state-of-the-art image, sound, and acoustic capabilities. In addition, the design of the Dolby Cinema in Eindhoven was created to set a mood and draw audiences deeper into the story—while delivering the full impact of the filmmaker’s work.  LINK

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Daily Cinema Digest – Friday 28 November 2014

CEA Cinema of the future

Yesterday was the one-day Cinema of the Future conference organised by the CEA in London. One of the key talks was a panel with amongst others UK advertising major DCM’s CEO Simon Rees, who argued for need for a new relationship between exhibitors and their audiences.

Speaking at the inaugural Cinema of the Future conference in London, Rees cautioned delegates that while the big screen experience remains robust, exhibitors need to address the way they interact with audiences in order to ensure continued growth in the sector, which is experiencing significant challenges in 2014.

“Cinema is going through a phase of resetting itself,” said the executive during a panel on the digital landscape. “It’s learning pretty quickly that it needs to reset itself in the eyes of its customers.

“The quality of the content is strong – the big screen experience is strong – but the key challenge is in cinemas’ relationships with their audiences.  LINK

 

Tyneside cinema Newcastle

Just how honest are cinema goers? The only independent cinema in Newcastle is hoping they are after they discovered that their online system had not charged customers buying tickets on their website for two months.

A cinema in Newcastle has appealed for people who recently bought tickets online to pay for them.

Technical problems with the e-ticketing system used by Tyneside Cinema meant some tickets were issued without payment being taken.

It came to light when customers got in touch saying their card statements had shown no record of a charge.

For security reasons, the box office did not keep card details, so it is now relying on people’s goodwill.  LINK

Here is the message from the cinema’s own website.

Due to a technical problem some of the tickets that were purchased via our website have been issued to customers, but payment for them hasn’t been taken from customers’ bank accounts.

This online booking problem is now fixed.

However, if you have bought Tyneside Cinema tickets via our website during September and October, we would ask that you please check your credit or debit card statements as they arrive to confirm whether your payment was made.

If you find that your tickets haven’t been paid for, please contact us to pay for your tickets.

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Daily Cinema Digest – Monday 10 November 2014

Hoyts logo

Variety reports that Australian exhibitor Hoyts’ IPO has been called off.

The flotation had been expected to value the company at up to A$900 million ($773 million) in a pre-Christmas sale handled by investment bank UBS.

The sale process was triggered by majority shareholder Pacific Equity Partners, a private equity firm that bought in to the company in 2007. However after recent roadshow presentations to potential investors PEP is understood to have become concerned about the valuation and the ability to maintain income growth at a time that the sector is facing growing competition from Internet sources.  LINK

Wadjda

Saudi Arabia – It seems that cinemas will finally come to the Kingdom of Saudi Arabia – the last country on earth without formal cinemas – following an agreement between four government agencies.

A source said relevant authorities assigned to take this decision include the Ministry of Interior, the Supreme Commission for Tourism and Antiquities (SCTA), the General Commission for Audiovisual Media, and the Commission for the Promotion of Virtue and the Prevention of Vice (Haia).
He said the SCTA and the audiovisual commission have a direct interest in the matter, while the other two are concerned with consultations and coordination.

The first people who introduced cinema to Saudi Arabia were foreigners working in Aramco (now Saudi Aramco), during the 1930s; in the 1990s they became available to Saudis at their sports clubs.  LINK

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