Cinema Technology Jun. 25, 2019
Register & Log in
X
Please login again. New Authentication System and User Account Options
April 2018

We have recently upgraded our login system.  An account is not required, but necessary to set your preferences and edit company information.  If you have previously registered, you can log in again using the same email address and password.  You can reset your password by following the "forgot password?" link on the login page.

  • You can now log in using your external account from GoogleTwitter or LinkedIn.  More services may be added.  Contact DCinemaToday for more information. You may still need to add (and confirm) your email address if its not provided by the external login provider.
  • When logged in, you can access your Account Manage page by clicking on your email address under the DCinemaToday logo. 
  • A login account allows you to request edit permissions for your company listing.  This permission is granted on a request basis to authorized employees and business principals.  More information on requesting to updating company information is available on the Account Manage page.  Once authorized, the companies you can update will be listed in the Authorizations section of your Account Manage page. 
  • A login account allows you to set the order of the Market Focus tabs on the DCinemaToday Home page.  You can set any tab as your default starting tab. To do this, go to the Tab Preferences section of the Account Manage page   (Desktop only - not yet ready for the Mobile App.)   More user-specific features are under development, so we recommend you log in when possible.
Please  Contact DCinemaToday  with any questions, feedback, issues, or bug reports .
Sponsors



Arts Alliance Media (AAM) is a global leader in digital cinema software and services,  offering cutting-edge solutions in software as well as installation, maintenance and support across the cinema ecosystem.

Industry Partners

Shows & Events


# 1930 Baird

RSS News
RSS Info About RSS

Skip Navigation LinksStart/Menu > Find News > Refresh this page
London—Jun 14, 2010

Arts Alliance Media Announces Digital Cinema Partnership with Cineworld to Fully Digitise Entire Chain

€50M Financing Deal with Sankaty Advisors Also Completed for Other Exhibitor Rollouts
Arts Alliance Media (AAM), Europe’s leading digital cinema company, today announced two significant milestones on the road to converting Europe’s cinemas to digital. The company has signed a deal with Cineworld Group plc (Cineworld), the second largest cinema chain in Europe, which will enable Cineworld to convert 100% of its 790-screen circuit to digital over the next three years. Cineworld will finance the deal from its existing financial resources and cash flow. 

AAM also announced the closing of a €50m financing deal with Sankaty Advisors, LLC, a leading fixed income and credit investor, to fund the conversion of over 1,000 screens from AAM’s existing pipeline of exhibitor deals.

The estimated cost of the rollout for Cineworld is approximately £30m, in addition to the £10m already spent on digitising a third of the chain’s screens during 2009 and the first half of 2010.  The majority of the total £40m cost to Cineworld will be refunded by distributors who use the digital projection systems through AAM’s ‘VPF’ (Virtual Print Fee) contracts.

Already the UK’s leading exhibitor pioneer in digital cinema conversion, Cineworld is the first major UK exhibitor to commit to a timetable for complete digitisation of its circuit. The full digital rollout will allow Cineworld to continue to show the latest 3D films on more 3D screens; offer customers an increased range of alternative entertainment, including live sport, live opera, theatre, comedy and gaming; as well as capitalise on other venue uses, such as training and conferences.

Under the deal, AAM will maintain the equipment and administer the VPF agreements with distributors. AAM will also provide its theatre and library management systems to all 77 sites, as well as satellite capability in conjunction with its partner Arqiva Satellite & Media. This will allow showing of live events and satellite delivery of digital features, trailers and advertising. All the Cineworld screens will be equipped with DCI-compliant systems (digital projector, central library server and networked equipment in each cinema).

CEO of Cineworld, Steve Wiener, said, “We’re pleased to be able to extend Cineworld’s digital estate through this deal with Arts Alliance Media. We chose to work with AAM because of their market leading position in Europe and know they have the technical and operational experience to deliver our digital vision.  We have already seen the benefits of digital in our cinemas - better quality, 3D, and alternative content such as opera, concerts and 3D rugby, and are looking forward to bringing these benefits to all Cineworld customers with AAM’s support.”

Arts Alliance Media’s  CEO Howard Kiedaisch added, “Cineworld is a true leader in exhibition and we’re thrilled to be in partnership with them. To be able to move forward with Cineworld while simultaneously closing the deal with Sankaty demonstrates very clearly that digital cinema rollout is running at full speed after the global financial issues of the past couple of years. These two deals mark the inflection point for digital cinema in Europe.  With the financing now in place from Sankaty, we have substantial funds to offer cinemas the choice of whether to fund the equipment themselves (‘exhibitor financing’) or for AAM to provide the financing.”

During the process of agreeing these deals, a solid but expandable financial structure was created that allows AAM to significantly scale up their capital raise over time.

David Ross, Executive Vice President at Sankaty Advisors, said, “It’s clear that the transition to digital cinema has reached a tipping point and that AAM are at the forefront of this transition.  We believe it is the best placed company to work with in order to harness this growth.”

Sankaty Advisors recently raised a new $900 million Middle Market Opportunities Fund to capitalise on such middle market investment opportunities in Europe and North America.

Patrick Foley, Chief Financial Officer of AAM, added “Sankaty has a great team of forward thinking investors, and the flexible model they have created allows us to offer a wide variety of deals to our exhibitor partners.  They are very knowledgeable of the industry and we look forward to working with them over the coming years.”

Arts Alliance Media has existing VPF-based digital cinema deployment agreements in place with five of the major Hollywood studios (Disney, Fox, Paramount, Sony and Universal) and contracts covering a total of 7,500 screens in Europe.

Julian Levin, Twentieth Century Fox’s EVP Digital Exhibition and Non-Theatrical Sales and Distribution commented, "Fox has a long standing relationship with Arts Alliance and we have been working with our colleagues at Arts Alliance to transition the industry from 35mm to a digital platform.  The security, digital image quality and 3D revenue opportunities offer a tremendous boost to the cinema industry and most importantly provide an enhanced experience for the movie goer. AAM's deals with Sankaty and Cineworld represent two major steps forward in the digital transition in Europe."


Arts Alliance Media Contacts:
Media
Alessandra Skarlatos 
 +44 (0)20 7751 7543 

Logo: Arts Alliance Media
About Arts Alliance Media:
Arts Alliance Media (AAM) is the global leader in digital cinema software and services. We offer a wide range of solutions to exhibitors which enable them to reduce costs, increase efficiency, grow revenue, and improve the cinematic experience for their customers.

Our software touches over 45,000 digital screens globally, while AAM’s network operations centre (NOC) supports several thousand screens. Arts Alliance Media is a part of the Luxin-Rio Group, the world’s foremost cinema technologies provider. Also within the group are Mediamation, creators of the world-wide phenomenon MX4D, and Volfoni, a global leader in 3D technology.
Arts Alliance Media Directory page Arts Alliance Media Web Site
About Cineworld Group:
Cineworld Group was founded in 1995 with its roots going back to 1930 through the combination with Cinema City in 2014. In December 2017, Cineworld acquired US cinema chain Regal Entertainment Group. Following completion of the deal in February 2018, the enlarged Group became the second largest cinema chain in the world, with 9,538 screens across the US and Europe. Cineworld is operating cinemas today in ten countries:  the US, the UK, Ireland, Poland, Romania, Israel, Hungary, Czech, Bulgaria and Slovakia, covering a market of approximately 500 million people. The acquisition of Regal provides Cineworld with a major presence in the US cinema market, the largest box office market in the world. Cineworld’s primary brands are Regal (in the US), Cineworld and Picturehouse (in the UK & Ireland), Cinema City (throughout Europe) and Yes Planet (throughout Israel).

We believe that the size, reach and quality of Cineworld’s theatre circuit provides its patrons with a convenient and enjoyable movie-going experience. We are committed to being ‘The Best Place to Watch a Movie!’ More information can be found at www.cineworld.com
Cineworld Group Directory page

Share This Page

More Arts Alliance Media News:
Jun 20, 2019 Christie Signs Major Global Reseller Agreement with Arts Alliance Media
Christie Logo
Arts Alliance Media Logo
Christie officially announced a worldwide* reseller agreement with Arts Alliance Media (AAM), the global leader in digital cinema software and services. The agreement will see Christie offering AAM’s full range of integrated theatre management software and services to its wide-reaching exhibitor base, and further strengthen Christie’s position as the pre-eminent cinema solutions and expertise provider.

Jun 17, 2019 AAM Theatre Management System, Screenwriter, Compatible with New Barco Series 4 Portfolio at Launch
Arts Alliance Media Logo
Arts Alliance Media (AAM) today announces that Screenwriter, AAM’s Theatre Management System (TMS), is integrated and ready to use with Barco’s new Series 4 portfolio from Cinionic.

Mar 29, 2019 Cineworld Group Extends AAM Software to Regal Cinemas, Centralising the Operations of Over 9,500 Screens
Arts Alliance Media Logo
Arts Alliance Media (AAM) today announces that they are significantly extending their technological partnership with the Cineworld Group plc (CW), one of the world’s largest exhibition companies.

Feb 28, 2019 Leading Exhibitor in Taiwan, Showtime Cinemas, Selects AAM Software Solution to Automate Their Content Management
Arts Alliance Media Logo
Arts Alliance Media (AAM), the global leader in digital cinema software and services, together with their local integrator, Dacoms Technology, today announces that Showtime Cinemas will automate their content management using AAM’s Theatre Management System (TMS), Screenwriter.

Jan 24, 2019 AAM Provides Sundance Film Festival with Content Management and Scheduling Software Solution for Third Year
Arts Alliance Media Logo
Arts Alliance Media (AAM), the global leader in digital cinema software and services, will provide their Screenwriter Theatre Management System (TMS) and software support to the Sundance Film Festival for the third year running.

Dec 3, 2018 AAM Headquarters Relocates to State-Of-The-Art Office in New West London Media Village
Arts Alliance Media Logo
Arts Alliance Media (AAM), the global leader in cinema software and services, are pleased to announce that they have relocated to state-of-the-art office space in White City Place, a new media village in West London. AAM have moved into a prime location in the WestWorks, a newly renovated office building right at the heart of the campus.

Sep 21, 2018 Shin Kong Cinemas, A Member of Taiwan’s Top Retail Group, Selects AAM Software to Achieve Their Goals of Rapid Growth
Arts Alliance Media Logo
Arts Alliance Media (AAM), the global leader in cinema software and services, today announces that it has been selected as a software partner by Shin Kong Cinemas (SKC), a member of the Shin Kong Group (SKG), Taiwan’s leading financial, retail, and entertainment group. AAM’s Screenwriter Theatre Management System (TMS) will provide automated scheduling and content management for every screen in SKC’s estate across Taiwan. The deal marks AAM’s first entry into the Taiwan market.

Jul 16, 2018 AAM Launches Industry’s First Fully Automated Theatrical KDM Management Solution with Deluxe Technicolor
Arts Alliance Media Logo
Arts Alliance Media (AAM) and Deluxe Technicolor Digital Cinema (DTDC) continue to drive innovation and technology advancements through a unique collaboration that will deliver the industry’s first truly automated KDM (Key Delivery Message) management service, representing a significant step towards the promise of fully automated cinema management.

Apr 18, 2018 Arts Alliance Media Open Operations in China
Arts Alliance Media Logo
Arts Alliance Media (AAM) today announced the start of operations in mainland China, with the establishment of a legal entity and the opening of a new office in the country.

Apr 16, 2018 Cinepolis Selects AAM Software Solutions to Manage Content and Centralise Operations Across India
Arts Alliance Media Logo
Arts Alliance Media (AAM), the global leader in digital cinema software and services, today announces that it has been selected by Cinépolis, one of the world’s largest exhibitors, to provide automated scheduling and content management across its entire circuit in India. AAM’s Screenwriter TMS (Theatre Management System) and Producer Enterprise TMS software solutions are being deployed in all 273 of Cinépolis’ screens, which span 51 sites across India.
More Cineworld News:
Jun 17, 2019 Cineworld Group and Cinionic Strike 1,000+ Unit Deal to Roll Out Acclaimed Barco Laser Projectors to Theaters Worldwide
Cinionic Logo
Cinionic, the Barco, CGS, and ALPD cinema joint venture providing a new visual standard with enhanced services and technology solutions, announces a significant expansion in its relationship with one of the world’s largest theater chains, Cineworld Group plc (LON:CINE), to continue delivering an elevated movie-going experience for audiences worldwide. Cinionic will illuminate Cineworld Group operated theaters in the U.S., EU and UK with enhanced services and award-winning portfolio of Barco laser projectors, including the newly launched Barco Series 4.

Mar 29, 2019 Cineworld Group Extends AAM Software to Regal Cinemas, Centralising the Operations of Over 9,500 Screens
Arts Alliance Media Logo
Arts Alliance Media (AAM) today announces that they are significantly extending their technological partnership with the Cineworld Group plc (CW), one of the world’s largest exhibition companies.

Aug 24, 2018 Vista Group Signs Multi-Year Contract Extension with Global Super Circuit – Cineworld
Jun 13, 2018 Cineworld to Launch 100 ScreenX Locations Across the U.S. and Europe, Marking Significant Expansion of the Immersive Movie Environment
Apr 24, 2018 IMAX and Cineworld Group Sign Agreement to Install New IMAX ® with Laser Experience in 55 Cineworld and Regal IMAX Locations
Apr 23, 2018 CJ 4DPLEX and Cineworld Group plc Partner to Bring 145 4DX Locations Across U.S. and Europe
Apr 10, 2018 Cineworld Group Selects Volfoni for 3D Cinema Systems Rollout
Jun 22, 2016 Cineworld / Cinema City to Bring Dolby Atmos Immersive Soundscapes to Audiences Across Europe
Dolby Logo
Dolby Laboratories, Inc. (NYSE: DLB) and Cineworld / Cinema City today announced plans to bring immersive and enveloping soundscapes to audiences with up to 50 new Dolby Atmos® screens, planned for installation throughout 2016 and into 2017. The planned Dolby Atmos screens will be installed across the United Kingdom, Central, Eastern Europe (CEE) and Israel.

Jun 22, 2016 IMAX and Cineworld Group Plc Sign Five-Theatre Agreement
Apr 3, 2014 IMAX Expands Partnership By 11 Theatres with Cineworld Group PLC
©Copyright 2003 - 2019 WHMCC, LLC .
| Contact | Terms of Service | Privacy Policy
All rights reserved.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
banner