National Amusements

Cinionic Drives a Cinematic Revolution, Marks Five Years as Leaders in Laser Projection

Retrieved on: 
Thursday, June 15, 2023

KORTRIJK, Belgium, June 15, 2023 /PRNewswire/ -- Cinionic, a Barco company and global leader in laser cinema technology, celebrates its fifth anniversary and milestone in its ongoing mission to advance the theatrical experience worldwide. The footprint for Laser Projection by Cinionic has accelerated in recent years with major theater circuits including AMC, National Amusements, Cinepolis, Cineplex, Cinemark, and B&B Theatres, among many others, announcing plans for large-scale upgrades to laser. Today, over 35,000 screens across 25 countries and counting are powered by Laser Projection by Cinionic as the demand for the next generation of cinema technology increases around the world.

Key Points: 
  • Today, over 35,000 screens across 25 countries and counting are powered by Laser Projection by Cinionic as the demand for the next generation of cinema technology increases around the world.
  • In 2023, Cinionic broke a record with commitments for over 3,000 Laser Light Upgrade solutions from theaters around the world.
  • Laser projection by Cinionic is the clear choice for exhibitors looking to draw audiences, achieve sustainability goals, and upgrade their infrastructure for future success."
  • Cinionic is the official projection provider for CineEurope 2023, June 19-22 at the CCIB in Barcelona.

Cinionic Drives a Cinematic Revolution, Marks Five Years as Leaders in Laser Projection

Retrieved on: 
Thursday, June 15, 2023

KORTRIJK, Belgium, June 15, 2023 /PRNewswire/ -- Cinionic, a Barco company and global leader in laser cinema technology, celebrates its fifth anniversary and milestone in its ongoing mission to advance the theatrical experience worldwide. The footprint for Laser Projection by Cinionic has accelerated in recent years with major theater circuits including AMC, National Amusements, Cinepolis, Cineplex, Cinemark, and B&B Theatres, among many others, announcing plans for large-scale upgrades to laser. Today, over 35,000 screens across 25 countries and counting are powered by Laser Projection by Cinionic as the demand for the next generation of cinema technology increases around the world.

Key Points: 
  • Today, over 35,000 screens across 25 countries and counting are powered by Laser Projection by Cinionic as the demand for the next generation of cinema technology increases around the world.
  • In 2023, Cinionic broke a record with commitments for over 3,000 Laser Light Upgrade solutions from theaters around the world.
  • Laser projection by Cinionic is the clear choice for exhibitors looking to draw audiences, achieve sustainability goals, and upgrade their infrastructure for future success."
  • Cinionic is the official projection provider for CineEurope 2023, June 19-22 at the CCIB in Barcelona.

National Amusements Announces Strategic Investment from BDT & MSD Partners

Retrieved on: 
Thursday, May 25, 2023

National Amusements, Inc. (“NAI”), the majority voting shareholder of Paramount Global, today announced that it has entered into an agreement for a $125 million preferred equity investment in NAI by BDT Capital Partners, an affiliate of BDT & MSD Partners, a merchant bank built to serve the distinct needs of family business owners and founders.

Key Points: 
  • National Amusements, Inc. (“NAI”), the majority voting shareholder of Paramount Global, today announced that it has entered into an agreement for a $125 million preferred equity investment in NAI by BDT Capital Partners, an affiliate of BDT & MSD Partners, a merchant bank built to serve the distinct needs of family business owners and founders.
  • The investment will position NAI for sustainable growth and further post-pandemic recovery in its underlying operations as movie theatre attendance continues to increase.
  • This includes strengthening NAI’s balance sheet by enabling it to reduce interest expense and pay down its revolving loan and recent term loan borrowings.
  • “Our expanded partnership with BDT & MSD reflects our strong belief in Paramount’s ability to deliver value to all shareholders.

Bernstein Litowitz Berger and Grossmann LLP Announces Notice of Pendency and Proposed Settlement of Stockholder Class Action Involving Holders of Viacom Inc. Common Stock at Any Time From August 13, 2019 Through and Including December 4, 2019

Retrieved on: 
Tuesday, May 23, 2023

Certain persons and entities are excluded from the Settlement Class by definition, as set forth in the full Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear (the "Long-Form Notice"), available at www.ViacomStockholdersLitigation.com .

Key Points: 
  • Certain persons and entities are excluded from the Settlement Class by definition, as set forth in the full Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear (the "Long-Form Notice"), available at www.ViacomStockholdersLitigation.com .
  • your rights will be affected by a class action lawsuit pending in this court.
  • Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.
  • All questions about this Summary Notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Lead Counsel.

National Amusements Moves to Laser in Partnership with Cinionic

Retrieved on: 
Thursday, April 20, 2023

KORTRIJK, Belgium, April 20, 2023 /PRNewswire/ -- Cinionic, a Barco company and the leader in laser cinema, announces a 5-year preferred partnership with National Amusements to bring Laser Projection by Cinionic to the circuit's theaters around the world. Cinionic will renew the chain's fleet of projection technology, gradually replacing legacy xenon equipment with state-of-the-art Barco laser solutions and integrated Barco Alchemy ICMP media servers. The partnership extends to marketing, with joint messaging about the benefits of Laser Projection by Cinionic to moviegoers in more than 500 National Amusements auditoriums.

Key Points: 
  • Showcasing the best in cinema experiences with Barco laser projection and media servers in the U.S. & U.K.
    KORTRIJK, Belgium, April 20, 2023 /PRNewswire/ -- Cinionic , a Barco company and the leader in laser cinema, announces a 5-year preferred partnership with National Amusements to bring Laser Projection by Cinionic to the circuit's theaters around the world.
  • The partnership extends to marketing, with joint messaging about the benefits of Laser Projection by Cinionic to moviegoers in more than 500 National Amusements auditoriums.
  • "We are excited to partner with Cinionic to bring laser projection to our moviegoers worldwide," says Duncan Short, SVP Operations, National Amusements.
  • Cinionic is providing a fully integrated cinema technology solution for National Amusements that includes the award-winning Barco laser projection and Barco Alchemy media servers.

Moving iMage Technologies Announces New CineQC SaaS Customer

Retrieved on: 
Wednesday, August 24, 2022

Moving iMage Technologies (NYSE American: MITQ) ("MiT"), a leading digital cinema technology company, today announced that National Amusements, Inc. (National Amusements), an international cinema operator, will utilize the CineQC Software-as-a-Service (SaaS) platform throughout its North American circuit.

Key Points: 
  • Moving iMage Technologies (NYSE American: MITQ) ("MiT"), a leading digital cinema technology company, today announced that National Amusements, Inc. (National Amusements), an international cinema operator, will utilize the CineQC Software-as-a-Service (SaaS) platform throughout its North American circuit.
  • Our CineQC SaaS platform will enable them to control and monitor many essential operational functions on-site or remotely.
  • We know this new system will help us effectively monitor our cinemas and maintain operational records with great efficiency, and it has been a pleasure working with the team at Moving iMage Technologies to help launch the new SaaS platform.
  • MOVING iMAGE TECHNOLOGIES (NYSE American: MITQ) is a leading provider of technology, products, and services to the Motion Picture Exhibition industry.

ViacomCBS Issues Statement on the Passing of Sumner M. Redstone

Retrieved on: 
Wednesday, August 12, 2020

ViacomCBS Inc. (NASDAQ: VIAC; VIACA) mourns the passing of Sumner M. Redstone, its Chairman Emeritus, and Chairman and CEO of National Amusements, the controlling shareholder of ViacomCBS.

Key Points: 
  • ViacomCBS Inc. (NASDAQ: VIAC; VIACA) mourns the passing of Sumner M. Redstone, its Chairman Emeritus, and Chairman and CEO of National Amusements, the controlling shareholder of ViacomCBS.
  • He was a force of nature and fierce competitor, who leaves behind a profound legacy in both business and philanthropy.
  • ViacomCBS will remember Sumner for his unparalleled passion to win, his endless intellectual curiosity, and his complete dedication to the company.
  • For more information about ViacomCBS, please visit www.viacomcbs.com and follow @ViacomCBS on social platforms.

Statement From National Amusements

Retrieved on: 
Wednesday, August 12, 2020

At National Amusements, he transformed a regional theater chain into a world leader in the motion picture exhibition industry.

Key Points: 
  • At National Amusements, he transformed a regional theater chain into a world leader in the motion picture exhibition industry.
  • National Amusements delivers a superior entertainment experience in theatres around the world under its Showcase, Cinema de Lux, Multiplex, SuperLux and UCI brands.
  • Based in Norwood, Massachusetts, National Amusements is a closely held company operating under the third generation of leadership by the Redstone family.
  • National Amusements is the parent company of ViacomCBS, Inc. National Amusements, directly and through subsidiaries, holds approximately 79.4% of the Class A (voting) common stock of ViacomCBS, constituting approximately 10.2% of the overall equity of the Company.

National Amusements Announces Amended Credit Agreement

Retrieved on: 
Thursday, March 26, 2020

National Amusements, Inc. (NAI) and its wholly-owned subsidiary NAI Entertainment Holdings LLC (NAIEH) today announced that it has reached an agreement with its lenders to amend its credit facility.

Key Points: 
  • National Amusements, Inc. (NAI) and its wholly-owned subsidiary NAI Entertainment Holdings LLC (NAIEH) today announced that it has reached an agreement with its lenders to amend its credit facility.
  • National Amusements, Inc., is a world leader in the motion picture exhibition industry operating more than 950 movie screens in the U.S., U.K. and Latin America.
  • National Amusements delivers a superior entertainment experience in theatres around the world under its Showcase, Cinema de Lux, Multiplex, SuperLux and UCI brands.
  • Based in Norwood, Massachusetts, National Amusements is a closely held company operating under the third generation of leadership by the Redstone family.

Cinionic Helps Transform Experience at Flagship Multiplex for National Amusements

Retrieved on: 
Tuesday, October 15, 2019

Cinionic will help transform its flagship multiplex, Showcase Cinema de Lux Legacy Place , into a leading laser-powered entertainment destination.

Key Points: 
  • Cinionic will help transform its flagship multiplex, Showcase Cinema de Lux Legacy Place , into a leading laser-powered entertainment destination.
  • The theater is the first all Barco laser multiplex in the US for National Amusements.
  • Cinionic will also upgrade all auditoriums in the multiplex with its award-winning Barco Series 4 laser projectors equipped with Alchemy Media Servers.
  • By enhancing the XPlus experience with CGS at Legacy Place, audiences can trust they will be blown away by a consistently premium theatrical experience.