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NEWS

Private Equity Firm Acquires U.K.’s Vue

Late last week Vue Entertainment, the United Kingdom’s third largest movie theatre chain, was sold to a private equity firm. Doughty Hanson & Co. will reportedly cough up GBP £450 million (USD $730 million) to take over the circuit. The news was picked up primarily by business and trade pu…

Fathom Brings Los Angeles Philharmonic To Cinemas

[youtube width=”560″ height=”340″]http://www.youtube.com/watch?v=HbvI2n_1Pb0[/youtube] After turning the New York Metropolitan Opera into a poster child for alternative content over the past five years, NCM Fathom is hoping to have the same success with the Los Angeles Philha…

Ballantyne Reports Strong Q3 Earnings, New CEO

Ballantyne Strong, Inc., a leading cinema equipment vendor and service provider, has been keeping their public relations staff busy this week with two important announcements. On Thursday the Omaha, Nebraska based company released their record breaking earnings for the third quarter of 2010. If you…

Barco Expands In Latin America and India

After launching their 4K projector at ShowEast, Belgium based Barco is ramping up their global sales effort with the announcement of two new deals. The first was a reseller partnership arrangement with Real Image in India, a country presently experiencing high growth in new multiplex openings. Real…

MTV Bringing Green Day Concert To European Cinemas

[youtube width=”560″ height=”340″]http://www.youtube.com/watch?v=A_vZbz7P1Sg[/youtube] MTV is partnering with Cinema Events and Arts Alliance Media (AAM) to bring their popular concert series “World Stage” to movie theatres throughout Europe. The first screening w…

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…