Wanda Cinema Line Corporation, which has been in business with 3D licensor RealD since 2010, has just committed to equipping 5,600 screens throughout China with RealD’s projection technology. As part of the pact, Wanda will install no less than 4,000 new RealD 3D projection systems during the next four years in their…
What scared away all but one of the potential bidders in RealD? That’s still unclear, although a new SEC filing from the 3D technology company cites others’ concerns about “perceived risks around consumer appetite for 3D films,” as well as fears that theaters might not renew their deals to license RealD technology.
Ear…
The struggling 3D technology company hung up a “for sale” sign late today, helping to send its share price up 8.8% in postmarket trading. RealD asked financial advisers Moelis & Co to seek “strategic alternatives,” which typically means a merger or sale. There’s no timetable on the process, and the board “does not…
The year will have 28 films in 3D — down from 34 last year and a peak of 39 in 2011 — which is one reason why Morgan Stanley’s Benjamin Swinburne says today that he expects this year’s domestic ticket sales to fall as much as 2%. <img class="alignleft size-full wp-image-527923" alt="3D glasses audience" src="https://s0…
There’s nothing wrong with 3D movies that can’t be fixed if directors pay more attention to details in the productions, studios do more to promote them, and theaters offer them on additional screens. <img class="alignright size-200px wp-image-527849" title="reald-logo" src="https://s0.wp.com/wp-content/themes/vip/plugi…
UPDATE, 1:15 PM: RealD shares closed -8.9% at $6.89, a new all-time low.
PREVIOUS, 12:10 PM: The 3D services and technology company is still in Wall Street’s dog house: Its stock is off more than 8% in mid-afternoon trading — <img class="alignleft size-200px wp-image-527849" title="reald-l…
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