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June 19, 2017—Australian-based December Media has announced the establishment of December Media Distribution (DMD), a new arm to handle distribution of films made for IMAX and giant screen theatres. The new distribution unit will be headed up by IMAX and giant screen industry veteran Mark Bretherton.
June 13, 2017—IMAX will lay off roughly 100 full-time employees as part of a company-wide effort to rein in costs, Variety reports. The layoffs will take place across nearly every division, including its finance, marketing, and entertainment arms, as well as staffers in its China joint venture. The layoffs took place on Monday and are expected to result in a one-time impairment charge of approximately $15 million related to severance packages and other costs associated with the job cuts. Read the full report from Variety here.
June 5, 2017—IMAX today released five thought-provoking documentaries as part of its In Focus program, which cultivates young filmmakers and provides them an opportunity to tell compelling stories that promote change through film. Today’s release of the eight-minute documentaries—available on IMAX’s and UN Environment’s websites—coincides with the United Nations’ World Environment Day, the largest annual event for global actions to protect the environment. Experience the interactive Multimedia News Release, including the short films, here.
June 2, 2017—D3D Cinema, in partnership with Christie®, is proud to announce that the Museum of Science and Industry, Chicago (MSI), opened their new laser-illuminated, ultra-high resolution dome projection system to visitors on Memorial Day to great acclaim from both audiences and local media outlets.