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Rancho Cordova, Calif., USA—Apr 19, 2012

Barco Expands Partnership with Cinedigm, Providing Immediate Access to $125M Digital Cinema Financing Program in North America

Barco, the global digital cinema technology leader, has signed a new supply agreement with Cinedigm to secure additional funding for exhibitors wishing to finance their digital cinema conversion. This turnkey solution from Barco and Cinedigm is available immediately and will continue through late 2012.

Together, Barco and Cinedigm have supported the fully financed deployment of digital cinema solutions for more than 2,000 screens, totaling nearly $75 million in financing during the past two years. With this additional funding, this program is immediately available to assist exhibitors – especially many smaller theaters – with their digital cinema conversion. 

“Time and a track record of happy customers have proven that we offer the best, most exhibitor-friendly VPF program in the industry,” commented Gary Loffredo, President of Digital Cinema and General Counsel of Cinedigm. “Barco has always been an outstanding partner, quickly and efficiently installing their high-quality digital cinema systems in thousands of screens over the past few years and we look forward to converting many more exhibitors together in the future.” 

While all of the major theater chains and many independently-owned cinemas have converted their auditoriums to digital cinema, others have remained film-based primarily because of the high expense associated with conversion. But as fewer and fewer studios make film prints of their movies in the future, these exhibitors may find themselves in a precarious position if they want to continue in business and take advantage of the opportunity that digital cinema offers. 

“We understand the challenges that theater owners face when contemplating the move to digital cinema, with cost being the number one limiting factor,” commented Patrick Lee, VP Barco Digital Cinema. “We want to remove these obstacles and offer exhibitors a solution that provides a secure investment and helps them grow their business. With this expanded financing and Cinedigm's VPF program, our customers receive a turnkey solution with the best and brightest projectors, with the proven lowest cost of ownership in the industry.”
Barco Contacts:
Alison Maxson
Press & PR contact US
Barco NV
Telephone +1 678 475 81 83
alison.maxson@barco.com

Li Shen
Press and PR contact Greater China
Barco n.v.
Telephone +86 10 5650 2288
li.shen@barco.com

Lynn Ryon
Press and PR contact EMEA and LATAM
Barco n.v.
Telephone +32 56 36 8166
lynn.ryon@barco.com
Barco Web Site:
About Barco Digital Cinema: Barco, a global technology company, designs and develops visualization products for a variety of selected professional markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia Pacific. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with about 3,900 employees worldwide. Barco posted sales of 1.156 billion euros in 2012.

Barco is one of three licencees of Texas Instruments DLP Cinema™ technology. TI developed DLP Cinema™ technology working in close cooperation with Barco and others in the movie industry, to develop Cinema Projector and support systems based on DMD™ technology, to meet the requirement of studios, film distributors and exhibitors alike.
Barco Digital Cinema Directory page Barco Digital Cinema Web Site
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