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NEWS

Kodak’s Losses Decline In Q3

Earlier today shares in the Eastman Kodak Company skyrocketed 12% after the company announced their third-quarter financial results had beaten Wall Street expectations. It wasn’t that Kodak had turned a huge profit, but rather it hadn’t lost as much money as had previously been forecast.…

Cineworld Revenue Boosted By 3D Blockbusters

Despite much of the world suffering from economic recession Cineworld seems to be having a banner year. Yesterday the United Kingdom’s second largest theatre chain reported that total revenues were up 8.5 percent since the beginning of the year. Cineworld’s success is spurred on by 8.3 p…

Cinemark Announces NextGen Cinema Concept

What is the next hot trend for theatre owners and moviegoers? Cinemark, North America’s third largest theatre chain, thinks they may have the answer and they have begun publicizing a new cinema concept. Last Friday the Plano based circuit announced plans to build what it has dubbed Cinemark Ne…

Technicolor’s Film-Based 3D Format Expands

One question I am asked repeatedly by exhibitors is about the success of Technicolor’s 35mm film-based 3D solution. Rather than being asked by those in an exploratory phase, it oftem seems as if the question is being posed so that I can confirm someone’s doubts or decision not to install…

Hoyts Expands With Acquisition Of AMC

Last week Hoyts Cinemas announced that it had reached an agreement for an undisclosed sum to purchase privately owned Australian Multiplex Cinemas (AMC). Based in Sydney, Hoyts presently operates 50 cinemas with 406 screens throughout Australia and New Zealand. After taking over the five multiplexes…

Czech Cinemas Post Record Box Office

North America wasn’t the only territory to break box office records in 2009. In reviewing the backlog of posts I’ve been wanting to get to, I came across an announcement from the Asociace Producentu V Audiovizi a.k.a. Czech Audiovisual Producer’s Association (APA) which reported th…

Rural Theatre Hopes Pepsi Can Help Fund Digital Conversion

It’s no secret that digital cinema equipment is expensive. Converting a single auditorium in a multiplex can cost more than USD $80,000. The cost is so high that movie studios are subsidizing conversions through virtual print fees (VPF). But for theatres that are too small to qualify for VPFs,…

Travis Reid Departs DCIP To Head Up Screenvision

[/caption] 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 mi…

Warner Bros. Scraps 3D For Next “Harry Potter”

After being heavily criticized for the poor 3D conversion on “Clash of the Titans” earlier this year, it seems Warner Bros. is being more cautious about making the same mistake on future blockbusters. The Los Angeles Times reported on Friday that the studio has scrapped plans to convert…

Samosa Shortage Hits Mumbai Theatres

[/caption] In many countries around the world it is hard to think of going to the movies without the smell of popcorn wafting through the air. The salty snack is a staple for millions of moviegoers, not to mention a high margin profit center for cinema owners. But it turns out popcorn does not topRe…