Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), the global leader in digital cinema, today announced it will commence installations of 83 new Cinedigm-Certified™ screens across nine pre-existing ShowPlex Cinemas, Inc. locations in Missouri, Kansas, Oklahoma, Nebraska and Arkansas. Most of the installations are anticipated to be done in the next 12 months, with the final few to be completed in the beginning of 2012.
ShowPlex Cinemas is a newly established theatre circuit owned by Texas-based Trinity Hunt Partners. Cinedigm's deployment financing of ShowPlex Cinemas was made possible by KBC, the same lender as previous Cinedigm financing deals with Premiere, Rave, Starplex and Movie Tavern. This financing will also cover Showbiz Cinemas with their 14 screens that Cinedigm also signed recently.
"ShowPlex Cinemas is committed to providing the finest movie-going experience for consumers making Cinedigm the perfect partner both for the deployment and for the digital content our consumers want to see, including LIVE 3D sports, gaming, special events and more," said Al Lane, Chief Executive Officer, ShowPlex Cinemas.
With Cinedigm's turnkey suite of digital cinema technologies, ShowPlex Cinemas will offer consumers all-new digital entertainment options. From 3D movie extravaganzas to live sports programming and 3D theatrical concerts to event programming, ShowPlex Cinemas will deliver enhanced digital cinema entertainment well into the future.
"We are extremely pleased to welcome ShowPlex Cinemas to our proud list of exhibitor partners," said Chuck Goldwater, President, Cinedigm's Media Services Group. "Our team is excited to be working with the ShowPlex team to help them take full advantage of the operational and the programming applications made available by Cinedigm's digital cinema platform."
With this addition of ShowPlex Cinemas Cinedigm has now signed 869 Cinedigm-financed screens to date. Such theatres are fully networked, turnkey systems -- simple and cost-efficient to operate. These screens will join the growing number of fully digital Cinedigm-Certified™ screens around the world.
Cinedigm's Digital Cinema division is the industry-leading deployment program for Digital Cinema. It facilitates the funding, installation support and administration for the company's studio-supported Digital Cinema rollout plans. Cinedigm is also the digital cinema integrator of choice for the CBG, a buying program of the National Association of Theatre Owners (NATO) for small and independent theatre operators in United States and Canada.