LOS ANGELES -- IMAX Corporation (NYSE:IMAX; TSX:IMX) and Summit Entertainment, a LIONSGATE® (NYSE: LGF) company, today announced that The Twilight Saga: Breaking Dawn - Part 2 will be digitally re-mastered into the immersive IMAX® format and released in the UK through Entertainment One in IMAX® theatres starting November 16, 2012. The film will also screen in the IMAX format in select IMAX theatres in other international markets. The fifth installment of Summit's Twilight Saga film franchise is directed by Bill Condon and stars Kristen Stewart, Robert Pattinson and Taylor Lautner.
"IMAX's participation in 2010 on the release of The Twilight Saga: Eclipse was a success, so we're thrilled to continue this productive collaboration," said Lionsgate Motion Picture Group Co-Chairs Rob Friedman and Patrick Wachsberger. "IMAX delivers a unique and memorable experience that is the perfect way to celebrate this special movie-going event."
"The Twilight Saga franchise and its passionate fans deserve an epic send-off," said Greg Foster, Chairman and President of IMAX Filmed Entertainment. "We're excited to present the saga, larger than life, in IMAX."
The IMAX release of The Twilight Saga: Breaking Dawn - Part 2 will be digitally re-mastered into the image and sound quality of The IMAX Experience® with proprietary IMAX DMR® (Digital Re-mastering) technology. The crystal-clear images coupled with IMAX's customized theatre geometry and powerful digital audio create a unique environment that will make audiences feel as if they are in the movie.
Ted grossed $14.4 million from 2,736 locations in 43 international territories this weekend, pushing its total abroad to $251 million. With $470 million worldwide, Ted has now passed The Hangover ($467.5 million worldwide) to become the world's highest grossing R-rated comedy of all time.
Ted has yet to open in four international territories: Malaysia (October 18), India (October 26), Venezuela (December 21) and Japan (January).
Monday (10/15) Update: 20th Century Fox is now reporting that Taken 2's cume in China is $9.8 million.
Sunday (10/14) Update: Taken 2 is off to a good start in China. 20th Century Fox reports that the sequel has grossed an estimated $10.8 million there, which makes it the #1 film in the market. Updated numbers will be released on Monday.
China ranks in 5th place among top foreign territories for Taken 2. The UK is #1 with $23.4 million followed by South Korea ($14.8 million), France ($14.5 million) and Australia ($13.7 million).
Taken 2's success in China is not surprising considering that action flicks driven by aging stars have been performing quite well there. The Expendables 2 has raked in $53.1 million in China. Looper's total has to be around $20 million by now since its reported total as of October 7 was $16.7 million.
One more major American action films is scheduled to open in China this month: The Bourne Legacy on October 25.
Los Angeles, CA -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), in conjunction with the National Association of Theatre Owners' (NATO) Cinema Buying Group (CBG), today announced it has now signed over 3,000 independent CBG screens for conversion to digital cinema. Cinedigm is the digital cinema integrator partner for the CBG, a buying program for NATO's independent theatre operators in the United States and Canada and is responsible for deploying nearly 40% of all digital cinema screens in North America.
"NATO and the CBG congratulate Cinedigm on the momentous 3,000 screen milestone," said John Fithian, President of National Association of Theatre Owners (NATO). "Cinedigm's efforts and leadership have brought all the benefits of digital cinema to the local communities these theatres serve and we are tremendously proud of the outcome."
The transition from 35mm film projection, which has been used for 110 years, to digital projection systems is a worldwide motion picture industry effort and the costs to deploy this new technology are covered primarily through the payment of virtual print fees (VPF) from studios to implementation companies. Cinedigm's Digital Cinema division facilitates funding, installation and operations support, along with ongoing VPF administration, for the company's digital cinema rollout plans. Cinedigm has signed long-term VPF agreements with all the major studios and interim agreements with over one hundred independent distributors.
"When we implemented the virtual print fee program nearly eight years ago, our goal was to help convert as many theatres as possible - both large and small - to digital cinema. We are so proud that Cinedigm has delivered on that promise and is without question the number one choice for exhibitors to entrust with their digital cinema program," said Gary Loffredo, President of Digital Cinema & General Counsel, Cinedigm.
The Elkader Cinema, a historic movie theatre in a town of less than 1500 people, is a perfect example of a theatre not left behind by Cinedigm. Built in 1941, closed down in 1993 and vacant for 10 years, the Elkader Cinema's present owners Lee and Diane Akin, refurbished it, complete with original marquee, with a volunteer group and some community grants. Cinedigm helped the Akins, self-financiers and CBG members to keep the theatre open as the industry transformed to digital.
To date, Cinedigm has signed 180 Cinema Buying Group exhibitors representing roughly 3,000 screens. The company has converted CBG theatres in 22 states throughout North America including Alaska, Florida, Iowa, Idaho, Indiana, Louisiana, Massachusetts, Minnesota, Montana, North Carolina, Nebraska, New York, Oklahoma, South Dakota, Texas, Vermont, Wisconsin, Wyoming, British Columbia, Quebec, and Newfoundland.
Cinedigm digital theatres are fully networked, turnkey systems, simple and cost-efficient to operate.