Moving iMage Technologies partnered with Metro Private Cinema to create a 20-screen, high-end private screening room in NYC. The facility features DCI-compliant cinema projection systems, professional-grade audio solutions, and top-tier cinema and audio solutions. The cinema suites accommodate 4-20 guests and offer the latest releases, independent films, and classics. The project highlights MiT's versatility and expertise in delivering tailored solutions across various exhibition environments. The facility is set to open on September 1st.
Moving iMage Technologies (MITQ), a leading provider of out-of-home entertainment technology and services, has announced a strategic partnership with Metro Private Cinema to create a 20-screen, high-end private screening facility in New York City. The facility, set to open on September 1st, 2025, represents a significant diversification for MITQ, moving beyond its traditional cinema, Esports, and arena business.
The new facility, designed to accommodate groups of 4 to 20 people, features state-of-the-art DCI-compliant cinema projection systems, professional-grade audio solutions, and top-tier cinema and audio solutions. The project highlights MITQ's versatility and expertise in delivering tailored solutions across various exhibition environments. The cinema suites will offer the latest releases, independent films, and classics, providing a unique and exclusive entertainment experience.
MITQ's involvement in the project extends beyond equipment supply, with the company providing comprehensive services including design, project management, integration, and installation. This comprehensive approach is expected to generate higher service revenue compared to equipment-only deals.
The New York City location is strategically important, as it provides an ideal test market for this concept. The facility's opening aligns well with the fall movie season, when studios typically release higher-profile films that could attract premium audiences seeking exclusive viewing opportunities.
The partnership between MITQ and Metro Private Cinema marks a significant expansion for MITQ into the luxury cinema market, with potential for a new revenue stream as the company builds expertise in this niche. The project's economics are particularly compelling, with private screening rooms commanding significant premium pricing compared to traditional theaters.
References:
[1] https://www.stocktitan.net/news/MITQ/moving-i-mage-partners-with-metro-private-cinema-to-create-20-screen-dfocty6bwmoe.html
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