Business

Cinionic, a global leader in laser cinema technology, and Elevate Entertainment Group today announced a new strategic partnership to refresh the Texas-based cinema chain's projection fleet with Laser Projection by Cinionic over the next three years. Elevate Entertainment Group (EEG), formerly EVO Entertainment Group, is the nation's leading and largest operator of cinema-entertainment centers, with more than 200 screens across five states.

Lionsgate (NYSE: LGF.A, LGF.B) today announced that it has closed its acquisition of the global entertainment platform eOne from Hasbro. Lionsgate acquired eOne for a purchase price of $375 million in cash, subject to certain purchase price adjustments, plus the assumption of production financing loans.

Netflix, Inc. (NASDAQ: NFLX) today announced it will post its fourth quarter 2023 financial results and business outlook on its investor relations website at http://ir.netflix.net on Tuesday, January 23, 2024, at approximately 1:00 p.m. Pacific Time.

CJ 4DPLEX, the world's leading producer of premium film formats and cinema technologies, and Kinepolis Group, one of Europe's leading cinema chains, announced today they have expanded their longstanding partnership to include 21 more ScreenX auditoriums across Europe and North America. The Kinepolis openings bring the cinema chain's total of ScreenX screens to 26. Kinepolis already boasts five ScreenX theaters across Europe. This expansion will give Kinepolis the largest ScreenX footprint in all of mainland Europe.

Netflix, Inc. (Nasdaq: NFLX) announced today that Ted Sarandos, Co-CEO, will present at the UBS Global TMT Conference on Monday, December 4, 2023. Mr. Sarandos is scheduled to present at 10:30 a.m. Pacific Time / 1:30 p.m. Eastern Time.

PATHE CINEMAS, leading exhibitor in Continental Europe, and IMAX Corporation (NYSE: IMAX) today announced a significant expansion to their historical partnership with five new state-of-the-art IMAX® with Laser systems in Europe, including four in France. The new agreement also spans distribution, with IMAX and PATHE LIVE, PATHE's subsidiary dedicated to production and distribution of event cinema, set to release three upcoming PATHE LIVE films across the IMAX network.

Lionsgate (NYSE: LGF.A, LGF.B) today reported second quarter (quarter ended September 30, 2023) revenue of $1.0 billion, operating loss of $817.5 million, and net loss attributable to Lionsgate shareholders of $886.2 million or $3.79 diluted net loss per share on 234.0 million diluted weighted average common shares outstanding. Adjusted net income attributable to Lionsgate shareholders in the quarter was $48.6 million or $0.21 adjusted diluted net earnings per share on 235.0 million diluted weighted average common shares outstanding. Adjusted OIBDA rose to $140.7 million in the quarter.

CJ 4DPLEX, the world's leading producer of premium film formats and cinema technologies, and Cinema Plus, the leading cinema chain in Azerbaijan, announced today at the META Cinema Forum in Dubai that the two companies will be opening the first-ever, 270-degree panoramic ScreenX auditorium in Azerbaijan. The revolutionary ScreenX theater is set to open at 28 Mall in Azerbaijan's capital city Baku.

Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today reported financial results for the quarter ended September 30, 2023. Please visit the "Investor Relations" section of the Company's website at https://ir.wbd.com/ to view the financial results and other earnings materials.

Paramount (NASDAQ: PARA; PARAA) and Sinclair, Inc. (NASDAQ: SBGI) ("Sinclair"), today announced comprehensive, multi-year distribution agreements across all 21 CBS network affiliations for Sinclair stations, including six top-50 market affiliates, KUTV in Salt Lake City, UT, KEYE in Austin, TX, WKRC in Cincinnati, OH, WPEC in West Palm Beach, FL, WWMT in Grand Rapids, MI and WHP in Harrisburg, PA. Additionally, Paramount reached an agreement to renew the affiliation of WTVH in Syracuse, NY and WGFL in Gainesville, FL, stations to which Sinclair provides services.