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# 1958 Gertag Ediaphor

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Amsterdam – Cinema Expo 2009—Jun 23, 2009

Palace Cinemas and XDC Agree To Deploy 170 Digital Screens In Czech Republic, Slovakia and Hungary

Palace Cinemas, the leading exhibitor in the Czech Republic, Slovakia and Hungary, and XDC, the leading Pan-European digital cinema service company, have agreed on the deployment of digital cinema systems in 170 of Palace Cinemas screens in Central Europe.
 
The agreement between Palace Cinemas and XDC includes the roll out of DCI-compliant projection systems co-financed by the Virtual Print Fee (VPF) model. Rollout is scheduled to begin in the second half of 2009.
 
V.J Maury, Chief Executive Officer of Palace Cinemas stated “At Palace Cinemas, we are committed to creating the very best entertainment destination so our customers can have a great night out at the movies. With the conversion to digital, we will be able to provide our audience a full line-up of movies shown perfectly in digital on the big screen every single time, in every language, dubbed or subtitled, in 2D or 3D. We are very pleased that the studios have committed to this new technology in our markets. It will also mean more independent movies, live concerts, sports, events and interactive content. There is terrific potential in this new digital environment. It certainly is a great time to be in the exhibition business. XDC is a partner who shares our vision.”
 
Serge Plasch, XDC’s Chief Executive Officer said: “It’s for XDC a great honour to announce our third major VPF deal in Europe. Palace Cinemas is the most dynamic exhibitor in Central Europe. This agreement is the result of the excellent relationship that we have built with Palace Cinemas' visionary management team over many months, as well as the successful test bed with 12 systems.”
 
Under the terms of the agreement, XDC will exclusively install DCI-compliant digital projection systems and XDC’s CineStore® Solo G3 D-Cinema servers. XDC will also implement a fully integrated and networked solution in each of the 20 complexes, thanks to its advanced Theatre Management System and Central Library, the XDC’s CineStore® Plaza.
About dcinex™:
dcinex is the leading Pan-European provider of fully integrated and best in class solutions for movie operations. The company operates three business lines: Exhibitor Services, Content Services and Consulting.  dcinex Exhibitor Services provides end-to-end solutions, from equipment financing, sales, installation and maintenance to training and support services for movie theaters.  dcinex Content Services offers a complete range of post-production, mastering and transcoding services, as well as Pan-European physical and electronic delivery and digital rights management.  dcinex Consulting advises cinema operators, local authorities, real estate firms and corporate investors providing a.o. cinema design and lay-out, project management, feasibility studies as well as market research, expert witness and due diligence.
dcinex™ Directory page About Palace Cinemas: Palace Cinemas Central Europe is the leading cinema company in the Czech Republic, Slovakia and Hungary with 21 sites and 180 screens and plans for further expansion. Palace Cinemas includes Palacemedia for cinema ad sales and Palace Pictures for distribution. The company consistently leads the market in new technologies, including digital projectors, 3D, e-tickets, full web services, and its own management software End 2 End (E2E). Palace Cinemas is committed to People, Entertainment and Fun.  Palace Cinemas was founded in 1999 by Arthur Goldblatt and V.J. Maury. Its majority shareholder is ARGUS Capital Group Limited (“ARGUS”), a private equity fund manager focusing on Central and Eastern Europe. ARGUS was established in 1998 and is supported by leading institutional investors from Europe, North America, the Middle East, and Japan. With total commitments of approximatelyEuro400 million in its two funds, ARGUS has invested in thirteen companies in the CEE region over the past ten years. 

Palace Cinemas Directory page
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