Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) today announced that their fourth quarter 2011 signed VPF deployment agreements totaled 1,402 screens and 32 exhibitors at 142 sites, marking the biggest number of individual exhibitors and screens signed in a quarter in the company’s history.
Additionally,
Cinedigm physically installed 1,885 screens during the fiscal year, making it
the largest number of installations since the start of Phase 2 in March 2008.
In
the combined Phase One and Phase Two digital cinema deployment program, Cinedigm
has:
·
Signed
7,657 screens overall at 750 sites
·
Installed
5,919 digital screens
·
Signed
59 Cinema Buying Group exhibitors, representing close to 1,450 screens
·
Signed
exhibitor buyer deals representing close to 3,100 screens
·
Signed
Cinedigm financed deals, with Phase 2 representing close to 1,000 screens
Cinedigm-installed
screens account for over 35% of the total 16,000+ digital screens in the United
States and Canada*.
“Cinedigm
brings a unique program of products and services for exhibitors to realize the
full power and benefits of their digital cinema platform,” said Chuck
Goldwater, President, Media Services Group.
“Throughout our company we continue to innovate and implement new and
compelling options that expand our exhibitor partners operations and revenue
generating opportunities, which is a strong factor in their signing with
Cinedigm.”
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 Digital
Cinema rollout plans. Cinedigm, which is
supported by long-term VPF agreements with all the major studios, is also the
digital cinema integrator partner 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.
”Cinedigm is without question the number one
choice for exhibitors to entrust with their digital cinema program,” continued
Goldwater. “We have earned that trust
with an unmatched record of reliability and proven performance, delivering on
our promises since ‘Day 1’ of digital cinema.
We are so proud of all our exhibitor partners and look forward to
continuing to support their digital cinema business plans and ambitions for
many years to come.”
Cinedigm
offers a new business model to exhibitors by enabling theaters to present
engaging alternative programming including live 2-D and 3-D sporting events and
concerts, shorts, cartoons, live Q&A’s, as well as branded
entertainment. Recent releases by
Cinedigm include the groundbreaking, worldwide LIVE 3D broadcast of the FIFA
World Cup Championship, the BCS Championship in LIVE 3D, the Dave Matthews Band
3D concerts, and the sold out 3D PHISH concerts. Cinedigm has also released the
KIDTOONS series for the past six years, a weekly family friendly matinee series
that runs in over 165 theatres across the country.
*
These figures do not include IMAX screens.
