Tag Archives: National CineMedia

Travis Reid Departs DCIP To Head Up Screenvision

Travis Reid - Screenvision.jpg

Travis Reid

Last Thursday Digital Cinema Implementation Partners (DCIP) announced that Travis Reid, their CEO, had resigned. That same day on-screen advertising giant Screenvision announced that Shamrock Capital Advisors, a private equity fund founded by the late Roy Disney, had finalized the $160 million purchase of the company and had appointed Reid as its new CEO.

At ShowEast, which was just wrapping up at the time, many industry folks I spoke with were surprised to hear the news, though looking at it objectively, the move is somewhat inevitable.

Reid has had a long career in motion picture exhibition that includes his stint as the President and CEO of Loews Cineplex for which he worked from 1991 until 2005 when the chain was acquired by AMC Entertainment. In 2007 he joined DCIP, the deployment entity formed and owned by North America’s largest exhibitors; AMC, Regal Entertainment and Cinemark. Reid has also sat on the boards of Cineplex Galaxy, Yelmo and Fandango among others. As Shamrock’s Managing Director Steve Royer said in Screenvision’s press release:

“Travis has an over thirty-year history in the exhibition space having operated chains and most recently, pioneering the digital revolution for the cinema exhibition industry. He was our ideal candidate.”

Reid led DCIP through a challenging period in its formation and development. Not only did he successfully oversee the companies protracted negotiations with major studios for virtual print fees (VPFs), but just as it seemed digital cinema was taking off, the financial meltdown caused funding for rollouts to dry up for more than a year. Reid and DCIP persevered and in March of this year he secured $660 million in funding from a consortium of banks.

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Popularity: unranked [?]

Screenvision and National CineMedia In Merger Talks

Screenvision LogoLess than a week after denying bankruptcy rumors that caused the stock price of French conglomerate Thomson SA to plummet 15%, the company has moved aggressively to sell off its cinema advertising unit Screenvision.  Industry chatter that the Thomson subsidiary has entered talks to merge with its chief competitor, National CineMedia (NCM), may turn out to be more than just rumor and speculation.  That is if you believe USA Today, which published a story about the potential merger on Monday.

A merger between Screenvision and NCM seems unimaginable, if not impossible, given the two firms majority share of the North American cinema advertising business.  Surely there will be some regulatory group that will object to having only one company control most of the profitable advertising placement in the country’s leading movie theatres.  This issue didn’t escape USA Today either who quoted Lazard Capital Markets Analyst Barton Crockett as saying:

“I’m not sure that (a combination) is possible from an antitrust perspective.  It would affect some advertisers, studios and independent theater chains that like to play those two (companies) against each other.”

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Popularity: 20% [?]

Daily Cinema Roundup – Wed 13 May – “Going forward it will look different after the 3D screens are in place.”

Say hello to my little 8K friend!

Say hello to my little 8K friend!

- For those that decry Imax Digital’s 2x2K imaging technology, perhaps we can interest you in JVC’s new 8K projector? (pictured above) From CrunchGear, “8K content is pretty much…impossible to find right now. Unless you were to make a motion-JPEG movie out of full-size shots from a Hasselblad, I don’t think 8K is even approaching necessary. Fortunately, it also supports 4K (and why shouldn’t it?), a more reachable standard and one at which hi-def cinema cameras are actually shooting.” At 10,000 lumens, it won’t even make a proper size Imax screen blush, but it would do justice to a fully scanned Imax film frame (69.6 mm x 48.5 mm), so you could watch the action set pieces from “The Dark Knight” at home, just as Messrs Noland and Pfister intended them to be seen;

- National CineMedia Q1 2009 Earnings Call Transcript has been posted online courtesy of Seekingalpha. It’s been a good quarter for NCM with revenue up 17 per cent. “The improving reach of our networks, especially in the larger DMAs, is continuing to aid our strategy to broaden our client base. Several new clients are buying our network for the first time in 2009, including clients in the retail, import auto, broadcast TV, cable TV, and restaurant categories. I was most encouraged by the fact that several clients who had previously bought Screen Vision exclusively began to buy our network.” Which leads us to conclude that Screenvision’s Q1 was probably not as good;

– HBO will not be sponsoring Washington DC’s Screen of The Green, ending the outdoor summer cinema tradition after nine years, according to the Washington Post. “Ah, memories. The persistent bugs, the hateful humidity, the evening thunderstorms rumbling in the distance, the veggie plates and the contraband alcohol — Screen on the Green allowed us to experience all the hallmarks of a summer in D.C. at once, with a classic film unspooling on a giant screen on the grassy expanse between Fourth and Seventh streets NW. It was fine viewing on prime real estate.” There is a Facebook group to save the Screen on the Green event, but unless a new big sponsor is found, don’t expect President Obama to dig into the TARP funding to rescue this tradition. Other outdoor screening continue, though, in the suburbs, “Rosslyn is running movies from the ’80s every Friday through September at Gateway Park near the Key Bridge. Crystal City is doing the same thing with superhero movies. Other outdoor festivals are hosted in Bethesda, Rockville and elsewhere in Arlington.” As far as cheap or even free cinema entertainment goes, outdoor screenings are hard to beat, particularly in these tight financial days;

- The hunt is on for the Norwegian projectionist believed responsible for camcording and uploading a recent local hit Max Manus, according to Screen International. “The film was released on 103 prints but was illegal copies were made available online shortly afterwards. Filmkameratene tried to trace their origin from the so called ’water marks,’ different signals on each film copy which are not visible to the audiences, but readable to computers. The result has not been reported.” It sounds like the copy was made off a digital cinema screening, though it could also be the more primitive cap coding on 35mm prints. We will try to track this one;

- While box office taking are good, US exhibitors like Regal Cinemas are still having to scale back their growth plans because of the tighter credit climate, according to Reuters. “But plans to build 10 to 12 new theaters per year have been tempered by the ability of shopping center owners to move forward with projects, Campbell said. Regal expects building to be slowed to five to six theaters per year for the next three to five years, he said. The company’s participation in Digital Conversion Implementation Partners — a partnership with the No. 2 and No. 3 U.S. theater chains aimed at converting screens to digital and 3D projection systems — also had been slowed in the financing stage.” Regal is expecting growth to continue at four to five per cent for the next five years, but that is without calculating the added growth from 3D, which they say is “harder to project” (no pun intended). Quote in headline from new CEO Amy miles;

- More signs of the recession, UK’s Vue is putting on free film screenings, The Times tells us. Just don’t expect “Star Trek”. Instead Metrodome is providing some…interesting…choices. “First up, on May 15th, One Eyed Monster.  What sounds like a classic piece of schlockeroo starring adult film legends Ron Jeremy & Veronica Hart with”Buffy The Vampire Slayer” pin-up Amber Benson. Expect slimy alien creatures and unwise costume choices from an array of screaming starlets. And, most importantly, expect it for free.” The participating cinemas are: Vue West End, Vue Cambridge, Vue Edinburgh Omni, Vue Manchester Lowry and Vue Bristol Cribbs Causeway and you can get a ticket by e-mailing creditcrunch@metrodomegroup.com. Bless;

- THR.com uses the Cannes premier of Pixar’s “Up” as a jump off point for two in-depth articles about 3D in general and in Europe in particular: ‘Who’ll pay for 3-D glasses? Exhibitors, studios squabble over who should foot the bill‘ and ‘3-D accelerates as ‘Up’ opens Cannes – Film’s exposure at the fest could give 3-D an international push.’ Both articles are well worth reading and we particularly like Chris Morris’ illustration of what the black tie screening might look like (right), though perhaps XpanD as one of the sponsors and technology providers of the event might want to have a word with him for drawing anaglyph red-and-blue glasses instead of the Nuvision active glasses. We hope to bring you a picture of Co-Editor Sperling on site with glasses for comparison. Possibly even a report on the event if he can tear himself away from the Cannes parties. Follow him on Twitter here, where he reports: “The press in Cannes loved Pxar’s “Up”. Many in the press screening audience were all teary eyed at the end.“;

- Slight relief for Indian multiplexes (and cinema goers) as Bollywood film “99″ opens this Friday in defiance of the Distributor-Exhibitor stand-off, while Sony Pictures is going ahead with the release of “angels & Demons” on 29th of May. But two films don’t make a box office summer and the dispute remains unresolved.

Popularity: 41% [?]

Regal Numbers Are Down For 2007

While the latest financial results from Regal showed a healthy profit, the underlying numbers paint a far less comforting picture. From The Hollywood Reporter:

The company earned $23.2 million in the fourth quarter, down 21% from a year ago. But on a per-share basis, the company earned 15 cents, which was 4 cents better than Wall Street expected.

Revenue dropped about 9% to $599.9 million, less than analysts predicted, but investors focused on the positive and the shares rose fractionally Thursday to $18.57.

Admissions revenue was down 6% to $404.1 million and concessions revenue was off 8% to $158.4 million.

It seems that the exhibitor is relying heavily on National CineMedia for its revenue and profit growth. From the press release:

“In 2007, Regal Entertainment Group benefited from the successful IPO of National CineMedia, returned value to shareholders in the form of dividends totaling $485 million and continued to generate significant free cash flow,” stated Mike Campbell, CEO of Regal Entertainment Group. “We were pleased to start the 2008 fiscal year with our announcement of the pending purchase of Consolidated Theatres and look forward to the successful closing of this accretive acquisition,” Campbell continued.

It will be interesting to hear the transcript of the conference call (usually released a couple of weeks after the Q4 figures) to see what if any update on digital cinema Regal gave.

Popularity: 11% [?]

DDCinema Beams Opera To European Cinemas

MefistofeleOn Sunday January 27th, Distribution Digital Cinema (DDCinema), the joint venture between XDC, Qubo and Dynamic, jump started their operations by broadcasting a live performance of composer Arrigo Boito’s opera “Mefistofele” from the Teatro Massimo in Palermo, Italy to 19 screens located in Belgium, Germany, Italy, Spain, Switzerland, The Netherlands, and the United Kingdom.

There was no official word on attendance of “Mefistofele” at any of the European theatres or how much tickets cost, but the Teatro Massimo, one of the largest opera houses in the world at 3,500 seats, was sold out with patrons paying top dollar to attend the opening night of the of the season and the first performance of a new production of Boito’s only complete operatic work. The opera, originally based on Goethe’s Faust, was beamed to cinemas via satellite and presented in high-definition.

In an oddly worded press release Elena Rasori, Project Manager of DDCinema seemed quite pleased with the event:

“‘Mefistofele’ was really fine, the singers were excellent and the image quality was really nice and colourful. The lights were modified for the video shooting and the quality was top rate. There was also an introduction by Madleyn Monti of the main artists with short interviews, as well as the plot in English and Italian.”

DDCinema joins a growing number of digital cinema service companies and alternative content distributors delivering live opera and fine arts events to motion picture theatres. AccessIT recently announced they would be simulcasting performances of San Francisco Opera productions to theatres throughout the United States and National Cinemedia started the trend in 2006 by working with the Metropolitan Opera out of New York to do the same. DDCinema seems to be the first company focusing exclusively on broadcasting European events to European cinemas.

The DDCinema partnership was only announced in late December 2007 by the trio of companies as an alternative content distribution initiative. The company will specialize in distributing between 10 and 12 recorded fine arts events to movie theatres each year with a few live broadcasts in the mix. These days that seems to be either operas or ballets filmed in HD, though DDCinema hopes to expand their offerings to sporting events, stage products, concerts, documentaries and even television programs.

While it is nice to see opera making a resurgence amongst patrons, even if it’s at the local multiplex, for such programs to be sustainable on an ongoing basis DDCinema may have to broadcast to more than 19 screens. Presumably the number of screens on which such content will grow over time along with XDC’s install base and the adoption of digital cinema.

Popularity: 36% [?]

U2′s digital 3D release dates announced

Bono in CannesNormally better known for distributing animal documentaries, National Geographics will be bringing U2 3D to digital stereoscopic cinemas in January 2008 world wide. (Cue the inevitable jokes about showcasing mammoth films about aging rock dinosaurs). Anyone who attended this year’s ShoWest, Cannes Film Festival, Cinema Expo, IBC or ShowEast can’t have failed to hear about it already, as it must be the most trailered music movie ever. According to the original article in Variety:

Concert pic was produced by 3ality Digital and directed by Catherine Owens and Mark Pellington. Owens has been U2′s visual content director for more than 15 years, while Pellington directed the band’s “One” video.

“Digital 3-D is a new cinema medium that truly allows moviegoers to immerse themselves in the experience, energy and emotion of being in a prime seat at a U2 concert,” 3ality Digital CEO Sandy Climan said.

National Geographic Cinema Ventures prexy Lisa Truitt sad the release of “U2 3D” is a natural expansion of her division’s growing presence in theatrical distribution.

More details about this new direction for National Geographics was announced recently in th setting up of a new unit “that will incorporate National Geographic’s Cinema Ventures, Feature Films, Kids Entertainment, Home Entertainment and Music & Radio divisions.” Given that Beowulf will have finished playing in digital 3D by then and no other major digital 3D film will be out for some time the concert film should have its pick of the 1,000+ digital 3D screens in the US, with additional ones in Korea, UK and elsewhere.

In more traditional 2D digital news, it’s been also announced that Bon Jovi will play on more than 100 screens that are part of the Christie/AIX network on 6 November, while on 14 November Garth Brooks can be seen live on 24 Empire cinema screens in a joint event with National CineMedia’s Fathom:

“It’s things like this that make me praise technology. The gift that AEG and participating theatres have given me is to be able to go on a virtual tour without leaving home. How does it get any better than that?” said Garth Brooks.

Hmm… I suppose the only way technology could top that would be a 3D hologram of Bono that could be sent to every trouble spot in the world at the same time, without the singer himself ever having to leave Ireland.

Popularity: 10% [?]