Digital payments and e-commerce company Paytm has acquired Orbgen Technologies, the entity that operates Chennai-based online ticketing platform TicketNew, in a bid to fortify its entertainment ticketing business. While Paytm did not disclose the deal financials, the stock-based transaction is pegged…
PVR Cinemas and Imax Announces New Five-theatre Agreement in India
At a business briefing to Canadian Prime Minister Justin Trudeau during his first official trip to India, IMAX Corporation and PVR Cinemas announced an agreement for five new IMAX theatres. In attendance were Mr. Ajay Bijli, Managing Director and Chairman…
Cinemark Announces Remodel of 12-screen Theatre in Lufkin, Texas with Luxury Lounger Recliners
Cinemark Holdings, Inc., a leader in the motion picture exhibition industry, announced today that it will remodel its Cinemark Lufkin 12 theatre. The renovation and upgrade will include adding Luxury Lounger reclining seats to all auditoriums. Cinemark Luxury Loungers are…
Vox Cinemas Signs Exclusive Deal With ‘Masameer’
VOX Cinemas’, the largest cinema operator in the MENA region has today signed an exclusive distribution deal with Myrkott, the leading Saudi production company behind YouTube animated hit ‘Masameer’ that has attracted more than 700 million views across social media.…
Global Chain AMC First to Enter Cinema Sector in Saudi Arabia
Saudi Arabia’s Ministry of Culture and Information announced on Wednesday that it granted the first cinema operating license so that U.S. industry leader AMC, the largest theatrical exhibitor in the world, can operate cinemas in Saudi Arabia. AMC plans to…
CJ 4DPLEX and B&B Theatres Strike Deal to Open Four ScreenX Theatres
CJ 4DPLEX, the world’s leading 4D cinema company, and B&B Theatres, the seventh largest exhibitor in the United States, have partnered to bring four ScreenX screens to the cinema operator’s locations. B&B Theatres operates approximately 400 screens at 50 locations…
Cineworld Selects Volfoni for 3D Cinema Systems Rollout
Volfoni, the leading European provider of 3D technology, today announced that Cineworld Group one of the leading cinema groups in Europe, has selected Volfoni for a 3D cinema systems rollout across multiple cities and countries in Europe. Cineworld Group is…