Shares of D-Box closed Friday even at $.27. In some theaters, you can also get DBOX seats which can elevate the level of immersion in your movie-watching experience. They also have recliner seats, including footrests, headrests, and even cup holders. Li says the win with Cinemark will put increasing pressure on major exhibitors like Regal, AMC and Carmike to sign-on to D-BOX as, he offers, D-BOX is now the industry standard of theatrical motion technology. Along with that, you also get to enjoy leather seats in Cinemark XD which just adds up to the comfort level. It trails only Regal Entertainment, which has 6,621 screens and AMC, which has approximately 5,034 Screens The company’s Q2, 2013 topline of $3.71-million was its best ever, and an 83% increase over the same period a year prior.Ĭinemark is the third largest exhibitor in the U.S., operating 3,918 screens across 39 states. Although D-Box is still losing money, revenue is improving. While, as late as 2009, the company struggled to build a consistent revenue stream, things improved when management decided to dedicate itself to the commercial theatre market. D-Box’s MFX systems use motion effects specifically programmed for a particular film, TV series or video game, which are then sent to a motion generating system integrated within either a platform or a seat. Compare Search ( Please select at least 2 keywords ) Most Searched Keywords. Longueuil, Quebec based D-Box was founded in 1992, and the two-decades since have seen the company perfect its seat technology. In an update to clients Thursday, Li reiterated his 12-month target price of $1.00 and our Speculative Buy rating. Cinemark 18 employees Dan Olszewski and Ashley Sladisky, both of Lower Burrell, test out the new D-Box movie theater seats at the movie theater at the Galleria of Pittsburgh Mills in Frazer on Thursday, December 19, 2013. The Industrial Alliance Securities analyst notes that D-Box’s MFX seats, which are sold upfront and generate royalty fees based on their use, generate higher occupancy rates for theatres. He says he fully expects additional orders from Cinemark because D-Box has proven its value proposition “time and time again”. Industrial Alliance Securities analyst Steve Li says this contract has far-reaching positive implications for D-Box. “We plan to expand D-Box to other locations based on the performance,” “Cinemark is excited to be the first theatre circuit to introduce D-Box in Latin America,” he said. The deal is D-Box’s first with Cinemark.Ĭinemark International president Valmir Fernandes hinted that the deal might be the first of many. D-Box seats are installed at the Mall of America in Bloomington, Minnesota.On Thursday, D-Box Entertainment (TSXV:DBO) announced it had entered into an agreement with Cinemark Peru to install two D-Box-equipped auditoriums.
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