Find Companies:
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Digital Cinema Technology Dec. 07, 2016
Please Login
Login/Signup
Sponsors

RSS News
RSS Info About RSS

Member
logo
logo
logo
logo
logo

# 1937 RCA

Skip Navigation LinksStart / Menu > Find Press Releases > Full Press Release
MORRISTOWN, N.J.—Oct 3, 2005

Access Integrated Technologies, Christie Commit For The Long-Term in Groundbreaking Digital Cinema Framework Agreement

Reached new milestone as Christie/AIX Subsidiary Orders Another 100 Units From Christie Digital Systems USA Inc.
Spurred by positive industry acceptance of their groundbreaking digital cinema funding plan, Access Integrated Technologies, Inc. ("AccessIT") (AMEX:AIX) and Christie Digital Systems USA, Inc. ("Christie") today announced a strengthened commitment to their Digital Cinema Framework, removing provisions that had originally allowed either party to terminate their agreement by September 30. The companies viewed the move as an expression of their long-term pledge to the innovative template they designed for funding a nationwide rollout of theater-based digital systems.

The modification reaffirms the AccessIT subsidiary, Christie/AIX's plan to ultimately purchase and install 4,000 Christie DLP Cinema(r) projection systems and related hardware.  The first 100 systems covered by the agreement were ordered from projector manufacturer Christie on August 5, 2005.  The second 100 were ordered last week, successfully reaching a milestone in the planned deployment of 150 systems by December 31, 2005.

Last month, Walt Disney Studios' Buena Vista Pictures Distribution arm contracted with Christie/AIX to provide up to 100% of all future feature film releases for digital distribution to those 4,000 screens and pay Christie/AIX a virtual print fee for each digital movie displayed on Christie/AIX's systems.

Commenting on today's announcement, AccessIT Chairman and CEO Bud Mayo said:  "This amendment underscores both parties' commitment to the rollout plan and our mutual confidence in its success.  We remain fully committed to our timeline and confident that we will begin deployments on schedule."    

Jack Kline, President and COO of Christie Digital Systems USA, Inc., added: "We are making great strides with distribution and exhibition and no longer need a contingency clause in our agreement.  We now know it is truly going to happen.  All the pieces of the puzzle are falling into place.  We are making significant progress in negotiating contractual commitments with the top studios and expect the completion of exhibition agreements very soon.  There is no doubt that digital cinema is finally shifting into high gear, driven by a practical, workable solution that meets the needs of exhibitors and studios alike." 

Christie/AIX is currently in negotiations with multiple major studios for similar commitments and expects formal announcements to be made shortly.  Elsewhere, Christie/AIX is also continuing high-level negotiations for installation of digital systems with several regional and national exhibition chains to participate in its deployment plan. 
Christie Contacts:
Dave Paolini
Manager, Media and Public Relations
PH: +1 519-749-3127

Logo: Christie About Christie: Christie Digital Systems USA, Inc. is a global visual technologies company and is a wholly-owned subsidiary of Ushio, Inc., Japan, (JP:6925). Consistently setting the standards by being the first to market some of the world’s most advanced projectors and complete system displays, Christie is recognized as one of the most innovative visual technology companies in the world. From retail displays to Hollywood, mission critical command centers to classrooms and training simulators, Christie display solutions and projectors capture the attention of audiences around the world with dynamic and stunning images. Christie Directory page Christie Web Site 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
Similar Press Releases
Learn More About:
Countries: United States More
©Copyright 2003 - 2016 WHMCC, LLC. All rights reserved.   | Contact | Terms of Use | Privacy Statement
banner