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By Daniel Garris

John Wick took in $1.62 million on Tuesday to lead the daily box office for a second consecutive day. The Keanu Reeves led action thriller from Lionsgate was up a solid 25 percent over Monday's performance. John Wick has grossed $17.34 million in five days, which is on the high end of pre-release expectations. The film is currently running 20.5 percent ahead of the $14.39 million five-day start of 2008's Street Kings.

Sony's Fury finished in a very close second with $1.52 million. The World War II film starring Brad Pitt trailed John Wick by $101,800 for the day. Fury was up 28 percent over Monday and down 46 percent from last Tuesday. Fury has grossed $49.11 million in twelve days and is set to surpass the $50 million mark today. The film is currently running 2.5 percent ahead of the $47.89 million twelve-day take of The Monuments Men earlier this year.

Universal's Ouija held steady in third place with $1.33 million. The low-budget PG-13 horror film from Platinum Dunes was up 27 percent from Monday. Ouija has grossed $22.25 million in five days. That is on the lower end of expectations and places the film 21 percent ahead of the $18.41 million four-day start of last year's Carrie.

Fox's Gone Girl grossed $1.10 million to remain in fourth. The critically acclaimed David Fincher directed film starring Ben Affleck was up 26 percent over Monday and down 38 percent from last Tuesday. With a 26-day take of $126.02 million, Gone Girl is on the verge of surpassing the $127.51 million final domestic gross of 2008's The Curious Case of Benjamin Button to become the highest grossing film of Fincher's career.

The Weinstein Company's St. Vincent rounded out the day's unchanged top five with $0.91 million. The low-budget comedy starring Bill Murray and Melissa McCarthy was up an impressive 46 percent over Monday. Yesterday's percentage hold could be a good sign for the film going forward. St. Vincent surpassed the $10 million mark yesterday and has grossed $10.41 million to date.

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gdclogo.pngSHOWEAST, Hollywood (October 29, 2014) - GDC Technology Limited ("GDC Technology"), a world leading digital cinema solutions provider, is pleased to announce that Cinemagic - a Mexican cinema chain that takes the modern, high-tech movie theatre experience into smaller communities in Mexico - has committed to install 180 units of the company's SX-3000 Standalone Integrated Media Block® (SX-3000 IMB) over the next three years. With the deployment of the industry-leading IMB, moviegoers can enjoy the highest quality of movie screening.

Cinemagic, the second largest independent exhibitor in Mexico, has an aggressive expansion plan. Founded in 2005, it currently manages a total of 77 screens at 15 movie complexes throughout Mexico and has confirmed it will expand its footprint into the United States and Guatemala. The newly purchased IMBs will be installed at Cinemagic's new complexes in Mexico, Guatemala and the United States in three phases: they will be fitted in 60 individual theatres, across 10 locations, in each of the next three years. Cinemagic's expansion will contribute significantly to its goal of delivering affordable, high-quality entertainment options for all moviegoers.

Roberto Quintero, CEO of Cinemagic, commented that: "GDC Technology has been a strategic partner for Cinemagic. After considering all the options in the market, we selected GDC Technology based on the server's quality, in-country tech support, and competitive offer."

Dr. Man-Nang Chong, founder and CEO of GDC Technology, said: "We are delighted to be selected by Cinemagic, demonstrating once again our superior technology, product quality, reliable local support and commitment to bringing the best in digital cinema to all moviegoers. In partnering with Cinemagic, we are committed to providing high quality cinema solutions to help grow its business in the years to come."

As the industry's first standalone IMB, the SX-3000 IMB sets the standard for simple and hassle-free digital cinema solutions. The SX-3000 IMB significantly lowers operation, maintenance and installation costs by eliminating the need for an attached server - while offering High Frame Rate capability in both 2D and 3D, live 3D support, digital connectivity for alternative content such as 3G HD-SDI and HDMI input with image-scaling.

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About GDC Technology Limited (www.gdc-tech.com)
GDC Technology Limited ("GDC Technology") is a digital cinema solutions provider. GDC Technology develops, manufactures and sells digital cinema servers, content storage systems, theater management systems and network operations center software for digital cinema. GDC Technology also provides a suite of digital cinema products and services, including integrated projection systems, 3D products, projector lamps and silver screens. GDC Technology's subsidiary, GDC Digital Cinema Network Limited, manages VPF for approximately 5,000 theater screens and 250 motion picture distributors worldwide.

GDC Technology Media Contact
Sylvia Lee
E-mail: sylvia.lee@gdc-tech.com


About Cinemagic (www. cinemagic.com.mx)
Cinemagic movie theater chain is aimed at small communities without entertainment options, bringing the cinema experience with an attractive and modern complex of five digital stadium-style rooms, with movie premieres on the national release date and a plan of social responsibility to the community.

Cinemagic Media Contact
Mariana Zamudio
E-mail: mariana.zamudio@cinemagic.com.mx

 

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LEAWOOD, Kan.--(BUSINESS WIRE)-- AMC Entertainment Holdings, Inc. ("AMC" or "the Company"), one of the world's leading theatrical exhibition companies and an industry leader in innovation and operational excellence, today reported results for the third quarter, which ended September 30, 2014.

Highlights for the quarter include the following:

Total revenues were $633.9 million compared to total revenues of $696.0 million for the three months ended September 30, 2013.
Admissions revenues were $417.4 million compared to $467.0 million for the quarter ended September 30, 2013. Average ticket price increased 5.3% to $9.48.

Food and beverage revenues were $189.1 million, compared to $201.6 million for the quarter ended September 30, 2013. Food and beverage revenues per patron increased 10.3% to $4.29, representing the highest in the history of the Company.

Earnings from continuing operations were $7.4 million compared to $33.9 million for the three months ended September 30, 2013, and diluted earnings per share from continuing operations was $0.08 compared to $0.45 for the three months ended September 30, 2013.

Adjusted EBITDA(1) was $90.1 million compared to $118.3 million for the three months ended September 30, 2013.

Net earnings were $7.4 million compared to $33.5 million for the three months ended September 30, 2013 and diluted earnings per share was $0.08 compared to $0.44 for the three months ended September 30, 2013.

"We are pleased to see continued positive results from the ongoing execution of our five strategic action fronts, even as we effectively navigate through a challenging film year," said Gerry Lopez, AMC president and chief executive officer. "Our initiatives are delivering innovation, additional revenue opportunities, improved profit flow-through and better-than-industry results. There is no better evidence than the 10.3% increase in food and beverage revenues per patron during the quarter. In addition, we are energized by the continued year-over-year increases in our reseated theatres. This portion of our fleet, now 48 theatres strong, experienced an impressive 14.3% year-on-year improvement in admissions revenues per screen during the September quarter of 2014, compared to an industry decline of 12.6%."

Mr. Lopez concluded, "As we head into the last quarter of the year and look out to 2015, we believe that our industry leading innovations will continue to contribute to our results, along with an expected stronger slate of movies in the months ahead."

(1) (Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.)

About AMC Entertainment Holdings, Inc.

AMC (NYSE:AMC) is the guest experience leader with 344 locations and 4,959 screens located primarily in the United States. AMC has propelled innovation in the theatrical exhibition industry and continues today by delivering more comfort and convenience, enhanced food & beverage, greater engagement and loyalty, premium sight & sound, and targeted programming. AMC operates the most productive theatres in the country's top markets, including No. 1 market share in the top three markets (NY, LA, Chicago).

 

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By Daniel Garris

John Wick took in $1.30 million on Monday to lead the daily box office for the first time. The Keanu Reeves led action thriller from Lionsgate was down 64 percent from Sunday. That represented the day's strongest daily percentage hold among wide releases. John Wick continues to perform on the high end of expectations with a four-day start of $15.72 million. That places the film 17 percent ahead of the $13.47 million four-day take of 2008's Street Kings. John Wick has received a nice boost from strong IMAX sales.

Sony's Fury finished in a close second place with $1.19 million. The David Ayer directed World War II film starring Brad Pitt fell 67 percent from Sunday and a sharp 50 percent from last Monday. Fury has grossed $47.59 million in eleven days and is on course to surpass the $50 million domestic mark on Wednesday. The film is currently running 2 percent ahead of the $46.58 million eleven-day take of Sony's The Monuments Men earlier this year.

Universal's Ouija was down 73 percent and two spots from Sunday to place in third on Monday with $1.04 million. In the process, low-budget PG-13 horror film from Platinum Dunes surpassed the $20 million mark yesterday. Ouija has grossed a solid $20.92 million in four days. That is on the lower end of pre-release expectations and places the film 22 percent ahead of the $17.17 million four-day start of last year's Carrie.

Fox's Gone Girl claimed fourth place with $0.88 million. The critically acclaimed David Fincher directed film starring Ben Affleck was down 67 percent from Sunday and down 40 percent from last Monday. With a 25-day take of $124.91 million, Gone Girl is now on the verge of surpassing the $127.51 million final domestic gross of 2008's The Curious Case of Benjamin Button to become the highest grossing film of Fincher's career (without adjusting for ticket price inflation).

The Weinstein Company's St. Vincent rounded out Monday's top five with $0.62 million. The low-budget comedy starring Bill Murray and Melissa McCarthy fell 66 percent from Sunday. St. Vincent has grossed $9.499 million to date and is set to surpass the $10 million mark today.

The Book of Life followed in sixth place with $0.51 million. The modestly budgeted 3D computer animated film from Fox was down 84 percent from Sunday and down 39 percent from last Monday. The eleven-day total for The Book of Life stands at $30.67 million, which is towards the lower end of expectations.

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Boca Raton, FL -- MovieTickets.com, a leading destination for the purchase of advance movie tickets, has modernized the way moviegoers buy tickets and enter theaters with a re-imagined mobile movie ticket that turns a smartphone into a ticket. The ticket can be quickly and easily validated by movie theater employees without the use of costly scanners. The solution allows moviegoers the convenience of skipping the ticket redemption process altogether. The company expects to pilot the technology before the end of the year.

The next generation mobile ticket, which will be available exclusively for MovieTickets.com customers, was developed in partnership with Bytemark. The pair leveraged Bytemark's patented V3 (visually verifiable virtual ticket) technology in order to create the new mobile movie ticket experience. The technology is currently being successfully used today in the transit space with The NY Waterway in New York City, The South Shore line in Chicago, and Cap Metro in Austin Texas.

Joel Cohen, CEO of MovieTickets.com, stated, "Our new mobile ticket is a game changer. Not only will this make going to the movies more enjoyable for audiences, but it will also deliver enormous value to our exhibitor partners. This is another innovation that supports our commitment to providing customers with a convenient way of purchasing tickets with a streamlined process that demonstrates ease and security."

Micah Bergdale, CEO of Bytemark, added, "Bytemark develops best-in-class mobile ticketing technologies. Through our partnership with MovieTickets.com, we have an incredible opportunity to showcase our V3 ticketing solution in the many markets where MovieTickets.com is an established brand and bring mobile ticketing to a whole new audience. In the months and years to come, we look forward to working closely with MovieTickets.com to bring new innovations to filmgoers everywhere.

The new process is completed in three simple steps: Users purchase a ticket, a virtual ticket is delivered securely to a mobile device, and moviegoers go directly to the ticket taker. The ticket is visually validated by the theater staff who will identify embedded security features uniquely customized to the film or the theater itself. Each ticket has several security features that include animated watermarks, touch animations and color changes. These security features can be changed as often as once per showtime and are concealed from users until the tickets are activated prior to the performance. This new technology will also include a virtual "tear" feature that will allow a user's mobile device to act as their ticket stub during their visit to the theater.

For more information on the V3 mobile ticket and to sign up to receive notification of when V3 will be available in your area, please visit http://www.movietickets.com/v3.

 

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