NEW YORK -- IMAX Corporation and Jiangsu Eudemonia Blue Ocean Cinema Development Co., Ltd. ("Blue Ocean") today announced an agreement to install four new digital IMAX(R) theatre systems in the People's Republic of China. Under the terms of the agreement, Blue Ocean will build an IMAX digital theatre system into Suzhou Xinsu Tiandi International's Cineplex at Xinsu Plaza in August of this year. The remaining three theatre systems are at new construction locations scheduled to open in early 2014: the Kunming Eudemonia Blue Ocean International Cineplex in Kunming; the Eudemonia Blue Ocean International Cineplex in Taizhou; and the Central Eudemonia Blue Ocean International Cineplex in Xuzhou. Jiangsu Province is on the country's east coast and has a population of 77 million.

"The IMAX brand represents the world's premiere cinema experience, and it is very much in demand with audiences in China, where IMAX screens significantly outperform conventional screens," said Mr. Jiang Wenbo, GM of Jiangsu Eudemonia Blue Ocean. "IMAX digital theatres are playing an increasingly important role in the success of multiplexes in China and around the world. IMAX's exciting film slate, which has started to include mainstream Chinese films in addition to its strong slate of major Hollywood event movies, will enable us to offer a movie-going experience unavailable in any other type of theatre in China."

Commenting on the announcement, IMAX CEO Richard L. Gelfond said, "Entering into a partnership with Blue Ocean is ideal for the growth of the IMAX brand in China. Blue Ocean was established by the state-owned Jiangsu Broadcasting Corporation specifically to develop cinemas, yet another example of how the nation's exhibition industry is poised to continue its significant expansion over the coming years. We look forward to working with this important client at these four locations to offer audiences awe-inspiring entertainment experiences."

"This agreement strategically aligns our brand with one of the strongest local exhibition brands in Jiangsu Province," added Don Savant, Senior Vice President & Managing Director, Asia Pacific. "We believe that Blue Ocean is a reputable and knowledgeable exhibitor that is poised for significant growth, and we're confident that our relationship with them will continue to fuel the growth of the IMAX network in China, which is set to more than double from approximately 40 sites today to 100 over the next couple of years."

IMAX's digital projection system delivers The IMAX Experience(R) and helps drive profitability for studios, exhibitors and IMAX theatres by eliminating the need for film prints, increasing program flexibility and ultimately increasing the number of movies shown on IMAX screens. The system can run both IMAX and IMAX(R) 3D presentations.



Read more

WASHINGTON -- The Motion Picture Association of America, Inc. (MPAA) will host The Business of Show Business: Icons, Artists & Innovators, its third annual industry symposium, on April 5, 2011 in Washington, D.C. This year's event will be held at the Library of Congress, home of the world's largest collection of historic audio-visual works.

What: The Business of Show Business: Icons, Artists & Innovators
When: April 5, 2011
Where: Library of Congress, Thomas Jefferson Building

This summit provides a forum in the Nation's Capital for top national policy and lawmakers to hear from creators, technological innovators and other movie and television industry leaders about the economic impact of the motion picture industry and the diversity of jobs it creates. A keynote address and panel discussions will illustrate the talent, time and resources that go into making a motion picture, as well as showcase the new platforms, delivery models and technological advancements that are shaping the future of the industry.

This year's event will also celebrate, in conjunction with the Library, the historic importance of motion pictures in American culture and highlight the Library's efforts in collecting, preserving and housing the world's largest collection of American audio-visual works.

"Hundreds, often thousands of workers contribute to making a single motion picture. These workers, from the set-builders to the actors and special effects technicians, are the heart of the industry," said MPAA President and Interim CEO Bob Pisano. "Bringing these artists, technological entrepreneurs and industry leaders together in Washington, D.C. to speak about the myriad of behind-the-scenes challenges they face to finance, produce and distribute a motion picture gives policymakers an opportunity to grasp the true impact of our business. I am especially pleased that this is being held at the Library of Congress, which plays such an important role in the preservation of American film. And I would like to thank Librarian of Congress Dr. James Billington for his long commitment to preserving our film heritage."


Read more


Bradley Cooper will star alongside Jeremy Irons in The Words, the directorial debut of TRON: Legacy screenwriters Brian Klugman and Lee Sternthal.

The story is about "a writer who, at the peak of his literary success, discovers the price he must pay for stealing another man's work."

Cooper will be seen in Limitless this March alongside Robert De Niro and Abbie Cornish.

Read more

Los Angeles, CA -- Ten years after its powerful theatrical debut, the classic thriller Memento, released by Exclusive Media Group's Newmarket Films, celebrates its anniversary with ONE NIGHT ONLY screenings on February 17th, 2011 in 11 select digital cinemas (theatres listed below) across North America via Cinedigm Digital Cinema (NASDAQ: CIDM). These screenings will feature never-before-seen question and answer footage with award-winning writer and director, Christopher Nolan (Inception, The Dark Knight), speaking with acclaimed filmmaker Guillermo Del Toro. The film will be screened from an all-new, director-approved, high definition digital print. Suspenseful and unique, this daring and challenging Academy Award® nominated, movie launched Nolan's career.

Memento will also be released as a 10th Anniversary Special Edition Blu-ray, available from Lionsgate Home Entertainment on February 22nd. The Blu-ray comes packed with special features including a brand new featurette with the director discussing the legacy of the film, plus the director's script, audio commentary with Christopher Nolan, the original short story, "Anatomy of a Scene" and more!

The exclusive Q&A footage can be seen ONLY IN THEATRES and features a conversation between Nolan and Del Toro which was recorded during a sold out Memento screening on February 4th, 2011 at The American Cinematheque Egyptian Theatre in Los Angeles. Nolan shares his insights and opinions on the impact Memento had on his life and his overall body of work.

Demonstrating one of the many benefits of digital cinema, Cinedigm is holding a DIGITAL MOVIE POSTER contest. Fans will be provided with the art assets to create a unique poster for Memento, with the winners' art to be included on the big screen during the event on the 17th.

Specific locations located here.

Read more

KNOXVILLE, Tenn. -- Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced fiscal fourth quarter 2010 results.

Total revenues for the fourth quarter ended December 30, 2010 were $661.0 million compared to total revenues of $765.6 million for the fourth quarter ended December 31, 2009. Net income attributable to controlling interest was $13.7 million in the fourth quarter of 2010 compared to $35.5 million in the fourth quarter of 2009. Diluted earnings per share was $0.09 for the fourth quarter of 2010 compared to $0.23 during the fourth quarter of 2009. Adjusted diluted earnings per share(1) was $0.12 for the fourth quarter of 2010 compared to $0.27 during the fourth quarter of 2009. Adjusted EBITDA(3) was $116.3 million for the fourth quarter of 2010 and $156.8 million for the fourth quarter of 2009. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Regal's Board of Directors also today declared a cash dividend of $0.21 per Class A and Class B common share, payable on March 15, 2011, to stockholders of record on March 3, 2011. The Company intends to pay a regular quarterly dividend for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows as well as other relevant factors.

"We were pleased to end 2010 with an extraordinary dividend for our shareholders," stated Amy Miles, CEO of Regal Entertainment Group. "The increase in our recurring dividend to $0.21 per share illustrates our confidence in the Company's ability to generate significant free cash flow and our commitment to returning value to shareholders," continued Miles.

Forward-looking Statements:
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included herein, other than statements of historical fact, may constitute forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the risk factors contained in the Company's 2009 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2010. All forward-looking statements are expressly qualified in their entirety by such factors.


Read more

Subscribe to Articles Feed