Landmark Theatres today announced the grand opening of its newest Living RoomTM Auditorium at Dallas’ Classic Inwood Theatre. This unique auditorium - the first and only one of its kind in Texas - will give audiences an unparalleled movie-going experience just in time for summer’s most anticipated film, Indiana Jones and the Kingdom of the Crystal Skull, which opens at the Inwood on May 22 at 12:01am with a special midnight show.

Working in partnership with the LoveSac® Furniture Company, Landmark completely re-invented the first-floor auditorium of the Inwood with a variety of unique seating options including couches, loveseats, chairs and ottomans, as well as the original LoveSac. A private bar also was added, allowing patrons to purchase cocktails and soft drinks without ever leaving the auditorium.

Landmark Theatres first introduced the Living RoomTM auditoriums in their Los Angeles flagship theatre, The Landmark, where they won widespread acclaim from audiences.

“It’s a completely unique concept and a movie-lovers’ dream come true,” CEO Ted Mundorff said. “Guests will feel like they are in their own screening room. It’s all part of our ongoing commitment to provide patrons with the perfect afternoon or evening out, not just at the movies, but as an overall entertainment experience.”

This is the second time Landmark Theatres has renovated the historic Inwood Theatre. When Todd Wagner and Mark Cuban bought the Landmark Theatres chain in 2005, they modernized the seating, technology and amenities while staying true to the history and beauty of the original, which opened in 1947.

The much-loved Inwood Lounge, Dallas’ best martini bar, was also incorporated into the theatre, allowing patrons to take their drinks with them into the auditoriums. With this new renovation, guests will be able to enjoy their drinks in the plush Living RoomTM Auditorium, as well as the upstairs auditoriums, which will retain their stadium-style leather lounge seating. Landmark consistently strives to deliver the best and most innovative amenities to compliment the terrific films they showcase.

 

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Today there is a much-anticipated public opening of the UK's very first Showcase Cinema de Lux - a concept set to redefine the UK cinema experience.

The new 12-screen Showcase Cinema de Lux in Derby's Westfield shopping center was created by National Amusements, a world leader in the exhibition industry, under the leadership of company president Shari Redstone.

With the Cinema de Lux concept, Ms. Redstone, whose company operates more than 1,500 screens in the US, UK, Latin America and Russia, wanted to take movie-going to a whole new level of luxury, comfort and service.

"Since the opening of our first UK Showcase location in Nottingham, England, nearly 20 years ago, National Amusements has focused on providing our United Kingdom guests with the best in service and entertainment," said Ms Redstone.

"We are proud now to offer the City of Derby the ultimate cinema-going experience at our luxurious Showcase Cinema de Lux. Our emphasis on customer service, the lush décor, great food and other igh-end amenities will provide the best overall entertainment experience for the entire family to enjoy, before, during and after the movie."

The theater is fitted with approximately 2,000 custom-designed, deep-cushioned rocking recliner seats in 10 of the stadium-style auditoria. With a capacity of more than 500, Screen 7 is the largest cinema auditorium in the UK's East Midlands region, which includes cities such as Nottingham, Leicester and Derby.

The remaining two auditoria - Screens 5 & 6 - are the unique Director's Halls, which are fitted with luxurious Ultra Leather love seats.

Patrons who purchase Director's Hall tickets also have exclusive access to the Director's Lounge, offering a luxury club atmosphere where guests can enjoy restaurant-quality food and signature cocktails. And they can order food to eat while they enjoy watching the film, with a menu ranging from Cajun chicken skewers to chocolate fudge cake.

Patrons with standard tickets also have access to an impressive menu of international restaurant cuisine and full bar service featuring specialty cocktails in Studio One, National Amusements' new restaurant concept located off the cinema's spacious main lobby.

The lobby contains a 30-metre concessions stand selling soft drinks, popcorn and hot dogs, as well as an "Elite Services" desk, where a concierge will be able to respond to almost any need - from booking a guest's preferred Director's Hall seat to ordering a taxi.

The cinema offers the latest digital projection capabilities including state-of-the-art sound and digital 3D sreening capability, as well as dozens of LCD screens installed throughout the lobby areas, displaying show time information, film trailers and other programming.

The focus on technology extends to the advanced method of ticket booking possible at Cinema de Lux. For the first time in Derby, cinema-goers will be able to go online to not only select their preferred seat in the auditorium, but to also print their ticket at home.

 

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Beaufort International Group Plc announced today that it has acquired the business and assets of DTS Digital Cinema from DTS, Inc. for an undisclosed sum. Beaufort made the acquisition through its US subsidiary, Beaufort California, Inc.

Chris Thomas, Beaufort California, Inc.’s CEO, commented, “We are very pleased to have made this acquisition. DTS is an established brand in the cinema industry, and provides a solid foundation for us to develop our plans in digital cinema.” Thomas continues, “DTS has laid the groundwork for us with its 15- year history in providing the highest quality digital audio for film to over 30,000 screens worldwide. DTS Digital Cinema has delivered soundtracks for over 9,000 releases in over 100 countries and its digital cinema products (FilmStore® Content Management System and DTS Digital Cinema Theatre Management System) are now proven and in service. These products have undergone substantial design and development and are ideal as the basis for the latest-generation D-Cinema networks. Our focus is on our customers and leveraging the strength of our products and services to meet their needs in the changing marketplace. We will continue to use the DTS brand for the foreseeable future under our agreement with DTS.”

Jon Kirchner, President and CEO of DTS, Inc. added, “We have now completed the sale of the Digital Cinema business which allows DTS to focus entirely on building a high growth consumer business. I truly appreciate the dedication of the management team and employees who continued to build the digital cinema business throughout the sale process, ultimately positioning it for future success under Beaufort's ownership.”

Beaufort International Group Plc is majority-owned by Datasat Communications Ltd., a UK-based satellite services provider. Datasat’s Managing Director Phil Emmel stated, “We decided to invest in the DTS Digital Cinema business because the company is one of the few golden brands that is established within the production and distribution and exhibition marketplaces. It is our vision that we can build a significant presence as a provider of products and services to the digital cinema industry. We want to work with all of the stakeholders to make their lives easier in the transition to D-Cinema and also to provide unparalleled levels of service to everyone working with media content. It is a natural extension of our existing managed service business in which we routinely deliver data and media content over secure networks.

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Total revenue for the quarter ended March 31, 2008 was $117.8 million compared to $109.3 million for the quarter ended March 31, 2007. Admissions revenue was $78.9 million for the quarter ended March 31, 2008 versus $72.0 million for the quarter ended March 31, 2007. Concessions and other revenue was $38.9 million for the first quarter of 2008 versus $37.4 million for the first quarter of 2007.

Operating income was $6.3 million for the first quarter of 2008 compared to operating income of $5.8 million in the same period in the prior year.

Theatre level cash flow was $21.2 million for the first quarter of 2008 versus $21.1 million for the same period in 2007. General and administrative costs were $5.6 million in the first quarter of 2008 versus $6.0 million in the prior year period. Interest expense was $11.1 million for the first quarter of 2008 versus $11.8 million in the prior year period.

"Carmike got off to a strong start to the year as we outperformed the industry in box office growth. Our leading position in 3-D enabled us to capitalize on the success of the Hannah Montana concert event and illustrates the growth opportunity that our 3-D and digital network provides. While the other films released during the first quarter were not as robust, we still generated solid growth in revenues," said Michael W. Patrick, Carmike's Chairman, President and Chief Executive Officer. "We are excited to see the real potential of our digital theatre network start to unfold and we will continue to implement initiatives to improve our cost-controls at the theatre level. We also remain committed to executing our operating performance improvement plan to drive increased cash flow over time."

Net loss was approximately $4.3 million, or $0.34 per diluted share, for the quarter ended March 31, 2008, compared to net loss of $3.7 million, or $0.30 per diluted share, for the quarter ended March 31, 2007.

 

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IMAX Corporation and DreamWorks Animation SKG, Inc. announced an agreement on Monday to release Madagascar: Escape 2 Africa into IMAX® theatres worldwide on November 7, 2008. The agreement completes IMAX’s integration into DreamWorks Animation’s release strategy for the studio’s next five theatrical releases from June 2008 to May 2010.

Under the terms of the agreement, Madagascar: Escape 2 Africa will be digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience® and play for a special release in IMAX theatres, including select new IMAX® Digital theatres, which will begin rolling out this summer.

“IMAX’s early scheduled deployment of its state-of-the-art digital projection system has made possible the release of Madagascar: Escape 2 Africa into The IMAX Experience,” said Jeffrey Katzenberg, CEO of DreamWorks Animation. “DreamWorks Animation remains committed to delivering a premium entertainment experience to our audience and further extending our relationship with IMAX helps us to achieve that goal.

 

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