Cinema Technology Aug. 17, 2018
Register & Log in
X
Please login again. New Authentication System and User Account Options
April 2018

We have recently upgraded our login system.  An account is not required, but necessary to set your preferences and edit company information.  If you have previously registered, you can log in again using the same email address and password.  You can reset your password by following the "forgot password?" link on the login page.

  • You can now log in using your external account from GoogleTwitter or LinkedIn.  More services may be added. Feedback is requested to support@DCinemaToday.com. You may still need to add (and confirm) your email address if its not provided by the external login provider.
  • When logged in, you can access your Account Manage page by clicking on your email address under the DCinemaToday logo. 
  • A login account allows you to request edit permissions for your company listing.  This permission is granted on a request basis to authorized employees and business principals.  More information on requesting to updating company information is available on the Account Manage page.  Once authorized, the companies you can update will be listed in the Authorizations section of your Account Manage page. 
  • A login account allows you to set the order of the Market Focus tabs on the DCinemaToday Home page.  You can set any tab as your default starting tab. To do this, go to the Tab Preferences section of the Account Manage page   (Desktop only - not yet ready for the Mobile App.)   More user-specific features are under development, so we recommend you log in when possible.
Please contact us with any questions, feedback, issues, bug reports at support@DCinemaToday.com
Sponsors
Member
logo
logo
logo
logo
logo

# 1938 Baird

RSS News
RSS Info About RSS

Skip Navigation LinksStart/Menu > Find News > Refresh this page
OMAHA, Neb—Jan 4, 2012

Ballantyne Strong Initiates Strategic Refocus on Global Growth Opportunities in Digital Products and Services Markets, Divesting Domestic Manufacturing Assets

Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital cinema products and services, announced today a corporate-wide refocus on its worldwide digital equipment distribution business, leading services platform and state-of-the-art cinema screen manufacturing business. This strategic initiative best repositions Ballantyne for future growth opportunities within the global cinema industry. The Company has decided to sell its Omaha, NE-based analog projector facility and manufacturing equipment and relocate its corporate headquarters to a new, smaller location in Omaha, which will also house its cutting-edge Network Operations Center (NOC).

“Following a detailed strategic review by our Board and senior management we have determined that the best course of action for long-term success is a focus on our equipment distribution, cinema service and screen businesses while exiting the analog projector manufacturing business,” stated Ballantyne Strong CEO Gary L. Cavey. “We launched our digital projector distribution operations with NEC in the Americas in 2005, expanded it to Asia including China in 2008 and added the Barco digital projector lines for the Americas this past October. Ballantyne’s Strong/STS maintenance and NOC service businesses are growing with significant potential for future expansion. Our Strong/MDI subsidiary is one of the leading worldwide cinema screen manufacturers with a state-of-the-art facility in Quebec, which produces silver, large format and a wide array of other specialty screens for a global customer base. Additionally, we also are excited about our Solutions line of LED lighting, which we believe has great growth potential.

“Today’s moves leverage Ballantyne’s deep exhibition industry relationships and a worldwide leadership reputation built over eight decades. The digital cinema movement has gained momentum over the past few years, transforming the exhibition industry and speeding up the pace of technological change. In anticipation we have been successfully transforming our Company into a leader in digital cinema infrastructure.

“The Company has grown organically and through recent key strategic acquisitions that added Ballantyne’s service and screen manufacturing businesses and we will continue to seek additional ways to expand both organically and inorganically. Importantly, these initiatives also free-up assets for redeployment in Asian and Latin American markets where we continue to see significant potential,” noted Mr. Cavey.

Ballantyne expects the net financial impact of the sale of its building and equipment to result in a gain, however, it also expects to record a pre-tax severance charge of approximately $900,000 in Q4 2011.

About Ballantyne Strong Inc.: Ballantyne Strong Inc. is a provider of digital cinema projection equipment, screens and services as well as specialty lighting equipment. The Company supplies major and independent theater chains, top arenas, theme parks and architectural sites around the world. Ballantyne Strong is a value added reseller of major brands that include BARCO, NEC, Doremi, GDC, USL, Dolby and QSC. Excellent products coupled with Strong Technical Services providing installation, integration, NOC (Network Operation Center) and field service. Ballantyne Strong Inc.is a true turn-key provider for sales and service to cinema chains of all sizes. Ballantyne Strong Inc. Directory page

Share this page:
More Ballantyne Strong Inc. News:
Oct 23, 2014 Strong|MDI Introduces PREMIUM HGA 1.9 Screens, Providing Wider Viewing Angles and Improved Contrast and Clarity
Apr 15, 2013 RealD Introduces Precision White Screen Technology Combining 2D White Screen Performance with Polarized 3D Capability
Dec 12, 2012 ‘The Hobbit: An Unexpected Journey’ World Premiere Viewed on Ballantyne Strong’s Unique Customized 3D Silver Cinema Screen
Nov 9, 2012 Ballantyne Strong Secures New Digital Cinema Deployment Agreement from Caribbean Cinemas for 238 Projection Systems, Partnering With Barco and GDC

Oct 21, 2011 Ballantyne Expands Digital Cinema Offerings with Addition of Barco Projection Systems
Oct 12, 2011 Ballantyne Strong Begins Shipping 144 NEC Digital Cinema Projection Systems to Wehrenberg Theatres
Oct 10, 2011 Ballantyne Strong Successfully Completes Marcus Theatres® Full-Scale Digital Cinema Deployment in Only 45 Days
Aug 17, 2011 Marcus Theatres® Selects Ballantyne Strong for Its Full-Scale Digital Cinema Deployment, Including 570 NEC Projection Systems, Installations, Maintenance and NOC Services
Aug 11, 2011 Four Distinguished Minnesota Exhibitors Standardize on NEC Display Solutions Digital Cinema Projectors
Mar 28, 2011 Ballantyne Strong to Highlight Digital Cinema Products/Services at “CinemaCon” Convention – March 28-31 in Las Vegas – Booth 600 A
Jan 13, 2011 Ballantyne Strong Expands Asia Footprint with Orders for 250 NEC Digital Cinema Projection Systems from New Customers - Beijing Yida Jiuzhou Film and the Jinyi Group
Oct 12, 2010 NEC Projectors Selected by Dickinson Theatres for Full Digital Cinema Conversion
Oct 7, 2010 Ballantyne Debuts State-of-the-Art Network Operations Center (NOC) to Provide Customers with 24/7 Remote Monitoring and Servicing of Their Digital Systems
Sep 7, 2010 Chunky’s Cinema Pub Chooses Ballantyne Strong for its Turnkey Digital Cinema Deployment
Jul 19, 2010 Cine Planet and Cines Movieland Purchasing Additional NEC Digital Cinema Projectors and Screens from Ballantyne Strong for Peru and Chile Circuits
Jul 15, 2010 Ballantyne Strong to Significantly Enhance Cinema Screen Production Capacity Through $6 Million Expansion Program
Jul 7, 2010 Ballantyne Strong Secures New Order for 60 NEC Digital Cinema Projectors in China
Jun 4, 2010 Caribbean Cinemas Expands Digital Footprint with Purchase of 20 NEC Digital Cinema Projectors, Servers and Screens from Ballantyne Strong
May 26, 2010 NEC Display Solutions and Southern Theatres Help Revitalize New Orleans Theaters with Digital Cinema Projectors
©Copyright 2003 - 2018 WHMCC, LLC. All rights reserved.   | Contact | Terms of Service | Privacy Policy
Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement
banner