
ENTERTAINMENT / RETAIL / TRAVEL - December 1 to December 15, 2004
Digital Video Systems Inc. (DVS) recently said its DVS Korea (DVSK) subsidiary has received a contract to sell Visteon's Dockable Family Entertainment System to the automotive aftermarket in the Asia/Pacific and Africa regions. Under terms of the agreement, Visteon will continue to sell the Dockable Family Entertainment System in the US, Latin America, Australia, and European markets. DVS' new sales distributor role will cover Asia/Pacific and African markets, in which DVS will market the co-branded system. DVS is headquartered in Palo Alto, California, with subsidiaries and manufacturing facilities in South Korea and China, and an operation in India;
The IMAX Corporation has inked an agreement with Panorama Cinemas, a leading exhibitor in Perm, Russia, to install its MPX theatre system in a new multiplex to be built in Perm, a city of just over 1 million people about 800 miles east of Moscow. The new Panorama Cinemas IMAX theatre will be part of a four-screen multiplex expected to open in late 2005, and will be capable of showing both 2D and IMAX 3D films. It will join the one other IMAX theatre already open in Russia, operated by leading exhibitor BFC Cinemas. The NESCAFE IMAX theatre has helped propel BFC's Moscow multiplex to one of the top performing sites in Russia, and boasted the top grossing screens in the country for the IMAX digitally re-mastered day and date releases of The Matrix Revolutions: The IMAX Experience and Harry Potter and the Prisoner of Azkaban: The IMAX Experience. Research indicated that audiences in Russia were willing to pay up to three times more than the price of a regular 35mm ticket to experience these blockbuster Hollywood films in IMAX's format. There is another IMAX theatre scheduled to open in Russia in 2005. Kronverk Cinemas, the largest exhibitor in St. Petersberg, Russia, is installing an IMAX MPX system at a planned flagship multiplex in the heart the city; and...
Sorrent Inc., a developer and publisher of mobile entertainment, has finalized an agreement to acquire Macrospace, an award-winning mobile games publisher based in London. Like Sorrent, Macrospace has built a reputation on creating innovative, high quality mobile entertainment titles, including Fatal Force: Earth Assault, winner of the 2004 Mobile Consumer Choice award for best game. The integration of the two companies "will enhance Sorrent's global position as one of the leading players in the mobile entertainment marketplace," said a company spokesman.
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