Netflix and Caruso are re-opening the legendary Bay Theater in Palisades Village, which was closed during the pandemic. The previous lease holder was Cinépolis, which revived the venue back in 2018. The theater adds another footprint in an awards voter neighborhood for streamer Netflix; which also operates the Paris in NYC and teamed with the
Cinepolis
Of course, any kind of day and date release puts exhibitors in competition with the studios’ streaming services, and no doubt there’s a loss of cash in the collapse of the theatrical and PVOD window. However, the worst takeaway from dynamic windows is piracy, plain and simple. Such was the message from CinemaCon’s first panel
Tenedora de Cines, owner of exhibition giant Cinepolis, has acquired 2.8 million shares, or 2.4%, of U.S exhibitor Cinemark, according to an SEC filing Wednesday. Another 17 individuals who are executives and part of the company’s founding family have acquired various smaller positions that total 6.1%. An SEC filing is required in cases where passive