Cinema Park, Russia’s biggest cinema chain, has just been bought by a 19-year old college student for USD $385 million. Proof that Russia is a land of bold young Internet entrepreneurs buying into traditional media or a crony capitalist nepotistic kleptocracy? You be the judge.
Said Kerimov, a student at top Moscow State Institute of International Relations, is the son of Russian billionaire Suleiman Kerimov, a member of Russia’s upper house of parliament, the Federation Council.
Kerimov, is a student MGIMO, at the university is known in its Russian acronym, an institution with a reputation for training future businessmen and diplomats.
Kerimov junior’s offer of $385 million (19 billion roubles) for Cinema Park, has been accepted by Interros, the industrial group controlled by Vladimir Potantin that owns the chain along with other media interests. LINK
The patent war between RealD and MAsterImage rumbles on.
On November 7, 2014, RealD Inc. of Beverly Hills, California (“RealD”) filed a complaint requesting that the ITC commence an investigation pursuant to Section 337.
The complaint alleges that MasterImage 3D, Inc. of Sherman Oaks, California and MasterImage 3D Asia, LLC of South Korea (collectively, “MasterImage”) unlawfully import into the U.S., sell for importation, and/or sell within the U.S. after importation certain three-dimensional cinema systems and components thereof that infringe one or more claims of U.S. Patent Nos. 7,905,602 (the ’602 patent), 8,220,934 (the ’934 patent), 7,857,455 (the ’455 patent), and 7,959,296 (the ’296 patent) (collectively, the “asserted patents”)….
In the complaint, RealD states that MasterImage imports and sells products that infringe the asserted patents. The complaint specifically refers to the MasterImage-Horizon3D digital cinema system and MasterImage-Horizon3D dual digital cinema system as infringing products. LINK