Start / Menu > Find Press Releases > Full Press Release
Beijing and Los Angeles—Oct 29, 2012
RealD and Womei Theater Chain Sign Agreement to Install RealD 3D on 100 Cinema Screens
More Than 2,000 Screens Under Contract to Install RealD 3D in China
RealD Inc. (NYSE: RLD), a leading global licensor of 3D technologies, and Womei Theater Chain today announced an agreement to equip 100 screens across the Womei Theater Chain in China with RealD 3D technology. The most light efficient and widely used 3D cinema projection technology in the world, RealD 3D installations across the Womei Theater Chain have already begun and are expected to continue over two years.
“The Womei Theater Chain aims to build five-star level interactive cinemas with high-end screening facilities, extraordinary viewing environments and quality services, providing movie-lovers a unique viewing experience,” said the management team of Womei Theater Chain. “Our cooperation with RealD represents a perfect combination between the leading global 3D technology and a five-star level cinema. Together, we will introduce a new sensation of cinema-going for the Chinese moviegoers.”
“The Chinese cinema box office continues to grow at a record rate while the appetite for 3D by Chinese moviegoers remains among the highest in the world,” said Edman Chan, General Manager of Asia for Cinema at RealD. “China is the most populous nation in the world and these installations of RealD 3D across the Womei Theater Chain will further broaden the availability of RealD’s unique, realistic and immersive theatre experience.”
Womei Theater Chain currently operates 4 cinema locations with 33 auditoriums across China, including a cinema of 8 screens expected to be opened in Chongqing by the end of October. In the next five years, the company plans to open a total of 200 cinemas totaling 1000 screens, with an aim of reaching the top-five in box office among all movie theater chains in China.
RealD 3D is currently available on approximately 850 cinema screens in China with future commitments for more than 1,200 additional installations for a total of more than 2,000 screens committed.
RealD is the world’s most widely used 3D cinema technology with more than 20,700 screens equipped with RealD 3D by approximately 900 exhibitors in 68 countries around the world (as of the quarter ended June 22, 2012). Capable of delivering twice the light of competing 3D technologies, RealD 3D
is High Frame Rate compatible and can be shown on screens up to 82 feet (25 meters) wide with a single digital cinema projector.
About RealD Inc.
RealD is a leading global licensor of 3D technologies. RealD's extensive intellectual property portfolio is used in applications that enable a premium 3D viewing experience in the theater, the home and elsewhere. RealD licenses its RealD Cinema Systems to motion picture exhibitors that show 3D motion pictures and alternative 3D content. RealD also provides its RealD Display, active and passive eyewear, and RealD Format technologies to consumer electronics manufacturers and content producers and distributors to enable the delivery and viewing of 3D content. RealD's cutting-edge 3D technologies have been used for applications such as piloting the Mars Rover.
RealD was founded in 2003 and has offices in Beverly Hills, California; Boulder, Colorado; London, United Kingdom; Shanghai, China; Moscow, Russia; Hong Kong; and Tokyo, Japan. For more information, please visit our website at www.reald.com.
About Womei Theater Chain
Womei Theater Chain was established in China in December, 2010, with Korean theater chain Megabox as the company’s consultant. The company engages in the development and management of its subsidiary cinemas, the development of allied cinemas, the operation of theater chains and new media advertisement, as well as the value-added service of movie derivative products. With “Quality Life with Womei” as the company slogan, Womei Theater Chain is dedicated in the communication of film culture, bringing in a unique movie-going experience for movie-lovers.
Cautionary note on forward-looking statements
This press release includes forward-looking information and statements, including but not limited to: statements concerning the anticipated rollout of RealD 3D technology across the Womei Theater Chain and the growth of the 3D cinema industry in China. These statements are based on RealD’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside RealD’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. RealD’s annual and quarterly reports include a more detailed discussion of the risks and uncertainties that may cause that could cause actual results to differ materially from the results discussed in the forward-looking statements.
RealD undertakes no obligation to update publicly the information contained in this press release, or any forward-looking statements, to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.
RealD (NYSE: RLD) is a leading global licensor of 3D technologies. RealD's extensive intellectual property portfolio is used in applications that enable a premium 3D viewing experience in the theater, the home and elsewhere. RealD licenses its RealD Cinema Systems to motion picture exhibitors that show 3D motion pictures and alternative 3D content. RealD also provides its RealD Display, active and passive eyewear, and RealD Format technologies to consumer electronics manufacturers and content producers and distributors to enable the delivery and viewing of 3D content. RealD's cutting-edge 3D technologies have been used for applications such as piloting the Mars Rover. RealD was founded in 2003 and has offices in Beverly Hills, California; Boulder, Colorado; London, United Kingdom; Shanghai, China; Hong Kong; and Tokyo, Japan.
RealD Directory page
More RealD Press Releases:
Sep 9, 2014
Pete Ludé Joins RealD
Aug 19, 2014
RealD Equips First Screens in Kazakhstan with RealD 3D
Jun 21, 2014
RealD Named 3D Technology Provider for the 17th Shanghai International Film Festival
Jun 17, 2014
RealD Issues Statement Regarding Misrepresentations and Misleading Claims Made by Volfoni
May 12, 2014
RealD and the Space Cinema Announce Extended Agreement Including Additional 40 RealD Cinema System Installations
Mar 24, 2014
RealD and Wanda Cinema Sign Agreement to Add 780 RealD 3D Cinema Systems Across China
Jan 9, 2014
RealD TrueImage™ Image Enhancement Technology Debuts With ‘The Hobbit: The Desolation of Smaug’
Oct 10, 2013
Cinema Park and RealD Announce Agreement to Equip Up to 200 Screens with RealD 3D Technology
Oct 10, 2013
RealD and Karo Film Sign Deal to Install 10 “Luxe: A RealD Experience” Auditoriums
Aug 22, 2013
RealD and UME International Cineplex Sign Exclusive 3D Cinema Agreement Expanding to 100 Screens Across China
Aug 7, 2013
RealD and Cinemex Sign Exclusive 10-Year 3D Cinema Deal
Jun 6, 2013
RealD And Cinépolis Sign Extension Making RealD Exclusive Global 3D Technology Provider
Apr 30, 2013
RealD and Zhejiang Xingguang Cinema Circuit Sign Agreement to Install RealD 3D in 50 Cinema Auditoriums
Apr 24, 2013
RealD Opens Latin American Office in Rio de Janeiro, Brazil
Apr 15, 2013
RealD Introduces Precision White Screen Technology Combining 2D White Screen Performance with Polarized 3D Capability
Feb 6, 2013
RealD and Karo Film Announce Deal to Equip up to 200 Screens Across Russia With RealD 3D
Dec 3, 2012
RealD and Bulgaria’s Largest Exhibitor Kino Arena Announce Exclusive 3D Technology Agreement
Nov 7, 2012
RealD Named 3D Technology Provider for the World Premiere and 65th Royal Film Performance™ Screening of “The Hobbit: An Unexpected Journey”
Sep 18, 2012
RealD to Open Office in Russia
©Copyright 2014 Main Site . All rights reserved.