MAM
Sathyam Cinemas to instal two Imax systems in multiplexes
MUMBAI: Canada’s Imax Corporation and Sathyam Cinemas has reached an agreement to install two Imax and MPX theatre systems at Sathyam Cinemas’ multiplexes in India. The deal is the third between Imax and Sathyam and marks the second time the exhibitor has doubled the number of Imax theatres it plans to open in the country.
Sathyam Cinemas now has a total of four Imax theatres scheduled to be installed in its multiplexes, with the first to open next year in Chennai, India and three more at locations to be announced. India remains one of Imax’s fastest growing markets, with eleven Imax theatres now scheduled to be open in the country by 2008, stated an official release.
“India is a vast market that holds a great deal of growth potential for Imax,” said Imax co-chairmen and co-CEOs Richard L Gelfond and Bradley J Wechlser. “We have been delighted with the success of the multiplex-based Imax theatres in this region and very pleased with exhibitor response to the Imax MPX value proposition. We are optimistic that Sathyam Cinemas doubling its commitment will fuel further interest and growth for Imax in India.”
“We want to offer moviegoers a compelling reason to visit Sathyam Cinemas and The Imax Experience has proven to accomplish this, serving as a significant draw for commercial exhibitors in India,” said Sathyam Cinemas MD Kiran Reddy. “Indian moviegoers are paying a premium ticket price for blockbusters in Imax’s format, and we’ve been very impressed with the recent films’ grosses in Hyderabad and Mumbai.”
Sathyam Cinemas’ first Imax theatre is anticipated to open in Chennai, India in March 2006 at one of the most heavily trafficked cinemas in the country, to be followed by another location that will open in Chennai in 2008. The other two Imax theatres will open in 2007 and 2008 at yet to be announced locations.
All of Sathyam Cinemas’ Imax theatres will be capable of playing Hollywood event films converted into the unparalleled image and sound quality of The Imax Experience, as well as original Imax productions in 2D and Imax 3D. The Imax MPX theatre system was specifically designed to enable multiplex operators to more cost effectively enter into the Imax theatre business, by retrofitting an existing stadium seating auditorium or via an economical new build, the release added.
MAM
Eric Swider exits Trump Media board as leadership reshuffle continues
Key architect of Trump Media’s public listing steps down as board reshapes
SARASOTA: Eric Swider has stepped down from the board of Trump Media & Technology Group, marking a notable leadership shift at the parent company of Truth Social during a period of strategic and market uncertainty.
Swider’s resignation, effective Friday, April 10, 2026, was disclosed in regulatory filings. The company clarified that the move was not linked to any disagreement over its operations, policies or practices, signalling an orderly exit rather than a fallout.
His departure follows closely on the heels of Robert Lighthizer, who exited the board in March, pointing to a broader reshuffle within TMTG’s leadership ranks over recent months.
Swider played a central role in the company’s journey to public markets. As chief executive of Digital World Acquisition Corp, the special purpose acquisition company that merged with TMTG, he helped steer the high-profile deal through regulatory scrutiny from the U.S. Securities and Exchange Commission and other legal hurdles. The merger was eventually completed in March 2024, securing TMTG’s listing after a prolonged and closely watched process.
Beyond the boardroom, Swider also drew attention for his personal stake in the company. In mid-2025, he sold roughly 90 per cent of his holdings, reportedly netting around $4.4 million before taxes, a move that came amid heightened investor interest in the stock.
With Swider’s exit, the current board continues to feature prominent figures including chief executive Devin Nunes, alongside Donald Trump Jr. and David Bernhardt.
The leadership changes come at a time when DJT has been experiencing volatility. As of April 2026, the stock has been trading in the $9 to $10 range, a marked decline from its post-merger highs. Investors are weighing the company’s evolving strategy, including its pivot towards nuclear fusion initiatives, alongside the ongoing challenge of scaling its core platform, Truth Social.
Swider’s exit closes a key chapter in TMTG’s public market story. As the company recalibrates its leadership and strategy, the focus now shifts to whether it can steady investor confidence and translate ambition into sustainable growth.
