gdctech.jpgCINEMACON, Las Vegas (March 26, 2014) - GDC Technology Limited ("GDC Technology"), a world leading digital cinema solutions provider, is pleased to announce that Caribbean Cinemas, the largest motion picture exhibitor in the Caribbean Islands, has completed its digital conversion under GDC Technology's VPF agreement, covering an additional 148 screens over 20 theatres across the Islands including the Dominican Republic, Trinidad, Aruba, St. Lucia and Antigua.

 

GDC Technology currently manages over 4,600 screens across 600 VPF agreements with worldwide content distributors and exhibitors. Under its VPF agreement with Caribbean Cinemas, GDC Technology supplies digital cinema servers while Ballantyne Strong integrates and installs GDC servers with NEC Display Solutions projectors.

 

"Through our experience of having deployed GDC servers in the past, it was natural to move forward with GDC's VPF program in tandem with Ballantyne Strong's integration services as we have been very pleased with the level of responsiveness and attentive service that GDC has always provided," said Robert Carrady, President and CEO of Caribbean Cinemas.

 

"We are thankful for the opportunity and excited to demonstrate why GDC Technology is such a great fit for Caribbean Cinemas," said Dr. Man-Nang Chong, founder and CEO of GDC Technology. "We are dedicated to help exhibitors like Caribbean Cinemas convert from traditional to digital under a VPF program that is designed to be extremely simple, transparent and flexible. Caribbean Cinemas is able to enjoy the long-term benefits of its circuit-wide digital roll-out."

 

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About GDC Technology Limited (www.gdc-tech.com)

GDC Technology Limited ("GDC Technology") is a leading global digital cinema solutions provider with the largest installed base of digital cinema servers in the Asia-Pacific region and the second largest globally. GDC Technology develops, manufactures and sells digital cinema servers that meet the highly demanding performance, security and reliability requirements established by Hollywood studios. GDC Technology also provides a comprehensive suite of digital cinema products and services providing exhibitors and distributors with a one-stop solution for exhibiting digital cinema content, including integrated projection systems, 3D products, projector lamps and silver screens. It's subsidiary, GDC Digital Cinema Network Limited, has 6 years of VPF experience and manages over 4,600 screens across 600 VPF agreements with worldwide content distributors and exhibitors. Founded in Singapore in 1999 and headquartered in Hong Kong, GDC Technology has established a global market presence and strong brand recognition with 11 offices and 28 local service centers around the world. GDC Technology is a portfolio company of The Carlyle Group.

 

About Caribbean Cinemas (www.caribbeancinemas.com)

Since its inception in 1969, Caribbean Cinemas has built a reputation of offering the broadest choice of movies, state-of-the-art technology and unparalleled comfort in its prime locations throughout the Caribbean Islands, including Puerto Rico, the Dominican Republic, Aruba, St. Lucia, St. Maarten, Antigua, St. Kitts, St. Thomas and Trinidad. Caribbean Cinemas is currently the leading movie picture exhibitor in the Caribbean region, 55 theatres with a total of 446 screens throughout the islands.

 

About Ballantyne Strong, Inc. (www.strong-world.com )

Ballantyne Strong is a provider of digital equipment, screens and managed services as well as specialty lighting equipment. The Company supplies major and independent theater chains, top arenas, theme parks and architectural sites around the world. Through its subsidiary, Convergent Media Systems, the Company is also a leading player in digital signage and content creation and distribution systems for the retail, hospitality, financial services, cinema and government markets.

 

About NEC Display Solutions of America (www.necdisplay.com)

Headquartered in Itasca, Ill., NEC Display Solutions of America, Inc., is a leading designer and provider of innovative desktop LCD monitors, commercial- and professional-grade large-screen LCD displays, a diverse line of multimedia and digital cinema projectors, and integrated display solutions. NEC Display Solutions develops leading-edge visual technology and customer-focused solutions for a wide variety of markets, including enterprise, healthcare, education and digital signage. It has deployed more than one-million large-format displays worldwide. For additional information about NEC Display Solutions of America products, call (866) NEC-MORE, or visit the website at www.necdisplay.com. For digital images, please visit http://necdisplay.com/digital-media-library. Follow us on our social media channels: Facebook, YouTube, Twitter and LinkedIn.

 

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fandango.pngThe Nation's Leading Moviegoer Destination Expands its Theater Network to More Than 23,000 Screens and Surpasses 40 Million Downloads of its Award-Winning Apps

LAS VEGAS/CINEMACON - March 26, 2014 - Fandango, the nation's leading moviegoer destination, announced today it has added five new exhibitors, Malco Theatres, Frank Theatres, Goodrich Quality Theaters, NCG Cinemas and Paragon Theaters, bringing online and mobile ticketing to more than 1,000 screens in over a dozen states. Fandango now powers more than 23,000 U.S. screens, representing 83% of the nation's theaters with online ticketing capabilities.

"We are thrilled to work with our new exhibitors to help them reach even more moviegoers through our online and mobile ticketing platforms, and ultimately grow their businesses," said Paul Yanover, President of Fandango.

The five new exhibitor deals follow Fandango's signing of its exclusive multi-year renewal with Cinemark, representing more than 4,400 U.S. screens. The company also formed a partnership with Veezi, the fast and easy cinema management software designed and developed by Vista, offering thousands of independent movie theaters the ability to benefit from Fandango's online and mobile ticketing capabilities.

The new circuits, many with historic footprints, have a solid geographic reach across the country:

• Malco Theatres - a fourth-generation family-owned-and-operated business with its first screen dating back to 1915, Malco has 32 locations across Tennessee, Louisiana, Mississippi, Missouri, Arkansas and Kentucky;

• Frank Theatres - in operation since 1921, this family-owned entertainment group manages screens in New Jersey, Pennsylvania, West Virginia, North Carolina, South Carolina, Tennessee, Georgia and Florida;

• Goodrich Quality Theaters -headquartered in Grand Rapids, MI, with its first screen dating back to 1930, Goodrich has screens in Michigan, Indiana, Illinois, and Missouri;

• NCG Cinemas - the Neighborhood Cinema Group (NCG) operates theaters in Michigan, Indiana, Tennessee, Illinois, and Georgia;

• Paragon Theaters -specializes in affordable luxury theaters in Florida, Minnesota and Virginia.

Fandango also reported that its mobile ticketing business continues to see healthy growth. Thus far in 2014, Fandango has achieved 47% of its total movie ticket sales on mobile devices, and has surpassed 40 million downloads of its award-winning apps.

About Fandango

Fandango, the nation's leading moviegoer destination, sells tickets to more than 23,000 screens nationwide. Fandango entertains and informs consumers with reviews, commentary, celebrity interviews and trailers, and offers the ability to quickly select a film, plan where and when to see it, and conveniently buy tickets in advance. For many theaters, fans can print their tickets at home or receive them as a paperless Mobile Ticket on their smartphones. Fandango's top- ranking movie ticketing apps, with more than 40 million downloads, are available on the iPhone and iPad, Android, and many other platforms. Fandango is enjoyed by more than 30 million online and mobile visitors each month, according to comScore. Film fans also find Fandango on Facebook atwww.facebook.com/fandango and on Twitter @Fandango.

 

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regalentertainmentgroup.pngRegal recognized for financial and managerial integrity

KNOXVILLE, Tenn.--(BUSINESS WIRE)--Mar. 26, 2014-- Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announces placement on Forbes' List of 100 Most Trustworthy Companies in America. Regal is the only movie theatre exhibitor to earn the honor. This achievement was attained through Regal's exceptional accounting and corporate governance behaviors.

"This honor puts the spotlight on our commitment to provide reliable information to investors and to responsibly manage our business. It truly is a vote of confidence regarding Regal's integrity," said Amy Miles, chief executive officer of Regal Entertainment Group. "Making it onto the list is recognition of how the Regal team is dependable, consistent and highly reliable."

For the Trustworthy Companies list, investment advisor GMI Ratings reviewed the accounting and governance characteristics of more than 8,000 public companies in North America from fourth quarter of 2012 through third quarter of 2013. Key factors such as high risk events, revenue and expense recognition methods, SEC actions and bankruptcy risk were considered as indicators of a company's credibility. The companies that generated the 100 highest scores for trustworthy behavior made the list.

"We value our relationships with our business partners, our employees and our patrons and believe that clear, credible and consistent communication with each of them is a key driver of Regal's success," stated David Ownby, chief financial officer of Regal Entertainment Group. "We're honored to be on this list of the most trusted companies."

Forbes List of America's 100 Most Trustworthy Companies is available online: www.forbes.com/sites/kathryndill/2014/03/18/americas-100-most-trustworthy-companies

About Regal Entertainment Group:

Regal Entertainment Group (NYSE: RGC) operates the largest and most geographically diverse theatre circuit in the United States, consisting of 7,381 screens in 578 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia as of February 20, 2014. The Company operates theatres in 46 of the top 50 U.S. designated market areas. We believe that the size, reach and quality of the Company's theatre circuit not only provide its patrons with a convenient and enjoyable movie-going experience, but is also an exceptional platform to realize economies of scale in theatre operations.

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cinemaadvertisingcouncil.pngCAC Announces New Trade Campaign - "Movies Never Get Old" - Timed to the Upfront, and Highlighting the Power of Cinema for Reaching Millennials

LAS VEGAS, MARCH 26, 2014 - The Cinema Advertising Council (CAC), a national non-profit trade association, held its annual meeting at CinemaCon today, at which the CAC announced record cinema advertising industry revenues in 2013 - up 6.5 percent to $677,957,000, marking its fourth consecutive year of $600 million or higher. Membership also gathered to discuss key industry issues and goals for 2014.

The theme of the meeting was the potential that cinema advertising brings to brands targeting Millennials - a demographic that is harder to reach due to media fragmentation across screens of all sizes. This is reflected in a new trade campaign announced today, using the tag line "Movies Never Get Old" and launching later this spring as CAC members NCM Media Networks and Screenvision - along with many TV networks and digital content companies - unveil their upfront presentations to buyers and planners. Screenvision's upfront presentations will begin April 2 in New York, with events in Los Angeles, Detroit and Chicago the next evening, while NCM Media Networks once again presents during broadcast upfront week, with a May 14 event in New York.

"A recent New York Times column talked about a 'veritable orgy of advertising' tied to big event TV, which fittingly began with the Golden Globes and ended with the movie industry's most-watched award show, the Academy Awards, and attracted an estimated $1.5 billion in spending. We of course believe that every weekend at the movies is a big event, and the line-up of new releases coming up in 2014 drives that point home," said Katy Loria, CAC President and Chairman. "2013 was the highest grossing box office year in U.S. history, at $10.9 billion, with 34.7 percent of moviegoers being in the coveted 18-34 demographic***. In fact, while the media marketplace has experienced unprecedented fragmentation, the box office has averaged more than $10 billion and 1.35 billion attendees over the past five years. Marketers recognize the power of cinema as a complement to TV through which a younger audience can be reached - especially on weekends - and we plan to accentuate that throughout the year as we look to bring even more new brands on board."

The "Movies Never Get Old" campaign will begin running in the coming weeks, with ads initially placed in leading advertising industry trade magazines and websites, and supported by public relations efforts and CAC members' social media teams. It will emphasize the youthful median age of moviegoers (30.5), the freshness of upcoming movie releases, and that moviegoing is the #1 leisure activity for Millennials**** , a hard-to-reach group for brands otherwise relying on an ever-fragmented TV and online marketplace.

As mentioned above, unveiled to members at the annual meeting were the results of the 2013 CAC Revenue Report, which showed that cinema advertising was up 6.5 percent to $677,957,000, compared to $636,404,000 in 2012, with the five leading sales categories in 2013 being Automotive, Computer Software, Consumer Electronics, Consumer Products and Television. This marks the highest cinema advertising revenue since the CAC began measuring it in 2002.

"This growth is a result of more new brands moving into cinema, the unique power of the movie theatre as a venue for creative, engaging advertising, and a movement by agencies to a more video-neutral approach that places cinema alongside TV and online platforms," said Loria. "We are optimistic about this revenue momentum, and the direction the marketplace is headed with a strong start to 2014 as we enter upfront season."

The cinema revenue report is being released on the heels of 93 new brands advertising at the movies in 2013 - with top growth categories being Automotive, Consumer Electronics, Consumer Products, Retail/Apparel, Television and Travel & Leisure. This continues a powerful trend as advertisers continue to see cinema as a place where they need to be to complement their TV and online video buys and generate incremental reach.

Regional/National spending once again made up the vast majority of cinema advertising revenue, 78.3 percent, with spending up 5.7 percent to $530,569,000 from $502,070,000 in 2012. Meantime local revenue, accounting for 21.7 percent, grew 9.7 percent to $147,388,000 in 2013, up from $134,334,000 the year prior.

On-screen revenue in 2013 was up 6.2 percent, to $624,153,000 in 2013, from $587,473,000 in 2012, with 2013 off-screen revenue growing 10 percent to $53,804,000 from $48,931,000 in 2012.

The CAC Report is based on data independently tabulated by Miller, Kaplan, Arase & Co. LLP from CAC members, which make up approximately 90 percent of all cinema screens and box office admissions in the U.S.


About The Cinema Advertising Council (CAC)

The Cinema Advertising Council (http://www.cinemaadcouncil.org ) is a national non-profit trade association founded in 2003 and serving cinema advertising sellers, the theatrical exhibition community and the advertising community, acting as a central source of information for the industry. CAC members have generated $600 million or higher in cinema advertising revenue for four consecutive years, with more than $5.98 billion spent on- and off-screen since the CAC began tracking revenue. In addition to representing cinema advertising companies that account for 34,407* U.S. cinema screens, or approximately 90 percent of U.S. cinema screens and 2011 Box Office admissions (based on 39,662** total screens), the CAC's membership is also comprised of companies that provide services and products to the cinema advertising industry.

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harkness.pngCINEMACON (BOOTH #2411A), LAS VEGAS, MARCH 25TH 2014 - Harkness Screens the world's leading screen technology company and thought-leaders in on-screen brightness has launched its brand new 4th generation 2D and 3D screen surface, Clarus XC.

Clarus XC technology is the result of significant work by Harkness' Research and Development team and brings together a number of proprietary technologies to create a screen surface for the age of immersive cinema which has been approved by major Hollywood film studios.

"We developed our new Clarus XC screens to provide cinema operators with the ability to optimise digital projection and improve overall light distribution across the screen for polarised 3D; a key customer requirement. It is these conditions where light loss is proven to be most significant and where consequently presentation quality can sometimes be below the standard required," says David Harrison, Technical Director of Harkness Screens.

Designed to work with all passive 3D systems, Clarus XC screens create visibly deeper 3D content which draws in the audience creating a more captivating viewing experience. A whiter look under projection mean that colours look visibly richer and more accurate both in 2D and 3D resulting in a more defined, sharper and crisper picture.

Dan Huerta, VP of Sight & Sound for AMC Theatres, one of the early adopters of Clarus XC at their Burbank 16 site explains that, "our initial tests of the new Clarus XC cinema screen from Harkness produced very encouraging results, with perceived sharpness and color accuracy in both 2D and 3D.  AMC has historically been a leader when it comes to cinema sight and sound technology, and we are excited to work with Harkness on this new product line."

The new 4th generation d-smooth coating technology has specific properties more commonly seen in white screens. This technology enables Clarus XC screens to benefit from significantly improved light distribution compared to traditional 3D silver screens. Through this, visible hot-spotting is reduced and uniformity is greatly increased, making compliance with 2D industry standards more easily achievable.

Harkness' proprietary and unique seam welding process along with Harkness' brand new d-smooth coating technology means Clarus XC screens have no visible seams under projection conditions and most importantly a smooth visual finish.

Clarus XC technology is available in three different gain levels, 1.4, 1.7 and 2.2 designed to suit all digital cinema environments from small screening rooms through to large format theaters.

For more information on the Clarus family visit www.harkness-screens.com/ClarusXC

About Harkness Screens

Harkness ScreensTM is the world's leading screen technology company, specialising in the design and manufacture of projection screens and supporting technologies.

From single-screen independent theatres to large multiplexes to large format immersive theatre experiences or live events, Harkness supplies thousands of screens every year for cinema, film production, special effects, live events and custom AV applications. 

With truly global reach, Harkness is regarded as the world leader in cinema and today has screens in more cinemas worldwide than any other manufacturer. With its industry leading 2D and 3D screen brands (Perlux and Spectral) along with its innovative range of tools and iOS/Android apps, Harkness continues to lead the way in screen technology for cinema.

Founded in 1929, Harkness has manufacturing facilities in the USA, UK, France, India and China. Harkness Screens combines unrivalled experience with the latest technology and production methods to provide innovative solutions to the company's key markets worldwide.  For more information, visit the Harkness Screens web page at www.harkness-screens.com.

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