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# 1999 TI

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Los Angeles, CA—Oct 15, 2012

Cinedigm Digital Cinema Corp. Passes 12,200 Digital Screen Signings Mark, with 273 Exhibitor Partners on Board

Cinedigm has deployed over 70% of all North American exhibitors and approximately 40% of all digital cinema screens in North America and is now aggressively expanding overseas
Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) today announced it has signed more than 12,200 digital cinema screens with 273 exhibitor partners in its digital cinema deployment. In total, Cinedigm has deployed over 70% of all North American exhibitors and approximately 40% of all digital cinema screens in North America.

The company breaks down deployment numbers as follows: 
  • Phase One (3,724 screens): Cinedigm is the servicer and earns services fees on the total VPF revenues and also owns all residual cash flows and asset value;
  • Phase Two (8,519 screens), Cinedigm is the servicer only and earns upfront license fees and recurring revenue from on-going maintenance fees for our software division. 
In the last 18 months alone, Cinedigm has signed 4,697 screens, representing 55% of its Phase 2 screen deployment (8,519), with over 175 exhibitors in that time period, representing 65% of its Phase 2 exhibitor base.   Additionally, the company has the distinction of screen representation in all 50 states. Outside of the US, Cinedigm has screen representation in Canada, the Caribbean, American Samoa and Saipan and has made significant inroads in the last months on the international front, including selection as the digital cinema integrator of independent cinemas in Australia and New Zealand (ICAA), as well as providing negotiation and technical services for a consortium of Brazilian theatres.

“The momentum behind digital cinema deployments has been incredible.  When we conceptualized the digital cinema rollout our goal was to deploy approximately 11,000 screens, so we are thrilled to have significantly surpassed our expectations with a remarkable 273 exhibitor partners representing over 12,000 screens entrusting Cinedigm with their digital cinema program,” said Chris McGurk, Chairman and CEO, Cinedigm. “Importantly, this domestic deployment merely lays the worldwide foundation for Cinedigm’s other core businesses, including digital cinema servicing, digital cinema software and alternative content distribution. This is truly just the beginning of our international expansion in all our core businesses.”

In the combined Phase One and Phase Two digital cinema deployment program, Cinedigm has:
  • Signed 12,243 screens overall
  • Installed 10,875 digital screens (as of 10/5)
  • Signed digital screens deals with 273 exhibitors 
“These numbers mark a huge milestone for both Cinedigm and the entire exhibition industry and illustrate very clearly that Cinedigm is actively helping all exhibitors -- from large chains to the independent exhibition community -- make the critical transition to digital cinema,” said Gary Loffredo, Cinedigm’s President of Digital Cinema. “The digital cinema transformation will have long-lasting ramifications on all aspects of the theatrical industry, from the types of content shown in theatres to overall management efficiencies and effective collecting and evaluating of critical data analytics.”
About Cinedigm: Cinedigm Digital Cinema Corp. is a leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. The Company partners with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, state of the art distributor and exhibition software, and marketing and distribution platform for alternative content and independent films are a cornerstone of the industry's digital cinema transformation. With the April acquisition of New Video, the world's largest aggregator of independent digital content and leading distributor of quality entertainment, CIDM has created a new full service end-to-end digital studio, enabling the Company to acquire and distribute independent films and specialty content both theatrically and via digital, mobile and home media platforms. Cinedigm Directory page
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More Cinedigm Press Releases: Dec 11, 2013 MJR Theaters Selects Cinedigm's Web-Based Digital Cinema Software, "ENTERPRISE WEB" Oct 22, 2013 Cinedigm Launches "Enterprise Web," Industry-Changing Web-Based Digital Cinema Software Jun 25, 2013 Omniplex Cinema Group Completes Installation of Cinedigm’s Theatre Command Center, Bringing Full Benefits of Digital Cinema to the Exhibitor Jun 24, 2013 Omniplex Cinema Group Completes Installation of Cinedigm’s Theatre Command Center, Bringing Full Benefits of Digital Cinema to the Exhibitor Jun 24, 2013 Neighborhood Cinema Group Selects Cinedigm Enterprise Software to Manage Head Office Functions Apr 29, 2013 Cinedigm and ICAA Secure Virtual Print Fee Program to Benefit Independent Cinemas in Australia and New Zealand Apr 12, 2013 Cinedigm Signs Over 100 Drive-In Movie Theatres to Digital Cinema Program Feb 4, 2013 Cinedigm and NATO Team Together to Lead the Digital Conversion of Drive-In Movie Theatres Jan 15, 2013 Southern Theatres Selects Cinedigm Enterprise Software to Centrally Manage its Digital Theatres Dec 4, 2012 Cinedigm Names Dan Sherlock President of Software Nov 6, 2012 Theatre Service Network Adopts Cinedigm EMS Software to Manage Booking Services for Over 50 Exhibitors Oct 18, 2012 Cinedigm Digital Cinema Corp. Announces Digital Deployment with Reading International, Including the Angelika New York, the Most Prestigious Arthouse in the United States Oct 16, 2012 Cinedigm Digital Cinema Corp. Announces First Large Scale International Digital Deployment with Caribbean Cinemas Oct 16, 2012 LD Entertainment to Manage Theatrical Releases Using Cinedigm’s TDS Distribution Software Oct 12, 2012 Cinedigm Digital Cinema Corp. Reaches Milestone for Community and Local Theatres Across the Country with 3,000 Screens Signed Oct 9, 2012 Goodrich Quality Theatres Expands Relationship with Cinedigm Software, Bringing Full Benefits of Digital Cinema To Their Digital Theatre Circuit Oct 1, 2012 Cinedigm Digital Cinema Corp. Announces Digital Deployment Pact with Belmont Capital, LLC for “Your Neighborhood Theatres” Sep 28, 2012 Cinedigm Announces Digital Deployment Pact with Metropolitan Theatres Corporation Sep 12, 2012 Cinedigm’s EMS™ Software to Manage Carmike Cinemas’ Booking and Payments More
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