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Rome and London—May 12, 2014
RealD and the Space Cinema Announce Extended Agreement Including Additional 40 RealD Cinema System Installations
RealD 3D Installations to Total More Than 140 Across the Space Cinema Locations
Global 3D and visual technology company RealD Inc. (NYSE: RLD) and leading Italian theatrical exhibitor, THE SPACE CINEMA, announced today an extended agreement to install an additional 40 RealD 3D Cinema Systems at THE SPACE CINEMA locations throughout Italy. When combined with the approximately 100 RealD 3D equipped THE SPACE CINEMA auditoriums today, the number of RealD 3D installations across THE SPACE CINEMA locations will be in total more than 140. New RealD Cinema System installations have begun and are expected to be completed by this summer.
“This agreement highlights our ongoing commitment to the Italian market,” said Karina Neill, Director of Cinema, EMEA of RealD Europe. “We’re excited that our collaboration with THE SPACE CINEMA continues to grow, and look forward to bringing our premium 3D experience to their passionate audiences.”
Donato Cupertino, Director of Operations of THE SPACE CINEMA added, “We are delighted to extend our relationship with RealD, and expand its technologies across the circuit. As one of the leaders of a burgeoning and competitive Italian market, the ability to offer the very best movie-going experience to our filmgoers is absolutely paramount, and this is precisely what this extended deal, and RealD itself, provides.”
The world’s most widely used 3D cinema technology, RealD 3D is installed in approximately 475 auditoriums by leading exhibitors in Italy and in more than 25,000 auditoriums by approximately 1,000 exhibitors in 74 countries around the world.
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
About The Space Cinema:
THE SPACE CINEMA is the result from the merger of Warner Village Cinema and Medusa. The Space Cinema is owned by 21 Investments - Private equity firm led by Alessandro Benetton – (51%) and by Mediaset RTI (for the remaining 49%). The Space Cinema, the leading cinematographic chain in Italy, focuses its work on the viewer to whom offer excellence both in terms of quality of facilities and supply of exclusive contents. For this reason, in 2012 The Space Extra was born: a show schedule of special contents dedicated to culture, music, science, sports, entertainment and art. In 2014 The Space Cinema also launched The Space Movies, its new brand devoted to film distribution.
The Space Cinema Directory page
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