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# 1938 Baird

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Rancho Cordova, CA—Apr 27, 2011

Barco Expands its Digital Cinema Financing Program, Completing Another $15.6 Million in Funding to Assist Exhibitors in Converting Their Projection Equipment to Digital Cinema Platforms

With this latest $15.6M in financing completed for use with Cinedigm's Phase 2 deployment, Barco brings its total funding to over $65 million for 1,100 systems, continuing to deliver on its commitments to bring viable, turnkey solutions to exhibitors as they make the move from film to digital cinema projection systems.

Barco, a worldwide leader in digital cinema, continues to expand its financing program with Cinedigm, recently completing another $15 million in funding to provide off-balance sheet, non-recourse financing for exhibitors converting their projection equipment to digital cinema platforms. This latest round of funding will convert 249 full digital cinema systems. 

“Barco has consistently and repeatedly fulfilled their commitments to exhibitors,” commented Chuck Goldwater, President of Cinedigm Media Services Group. “They have delivered and installed the highest quality digital systems and provided invaluable financing, which has enabled over a thousand Cinedigm-financed exhibitor deals to be completed under Cinedigm's VPF program. Our turnkey solution, which is supported by long-term agreements with all the major studios, is unmatched in the industry today. We are proud of the many successes we have achieved together with our partners at Barco and look forward to many more to come.” 

While the benefits and increased revenue opportunities of converting from film to digital are clear, many exhibitors have discovered that funding the conversion from film to digital equipment can be elusive and challenging. 

“From the outset, Barco promised full financing, delivery, and installation of over 300 systems in just 15 weeks, and they delivered on each and every promise they made. While they are already known for providing the brightest and highest quality projectors on the market, Barco's integrity and execution truly set them apart. We could not have found a better partner.” commented Peter A. Nelson, Executive Vice President & Chief Operations Officer for Rave Motion Pictures, a Dallas, Texas-based national theater chain. 

“As a strong, fiscally responsible company, we have the means to provide the full and complete solutions our customers are asking for,” commented Patrick Lee, VP Digital Cinema for Barco North America. “Full cost recoupment VPF models like Cinedigm's are the gold standard in the industry and our customers won't settle for promises of partial VPF amounts that only cover a fraction of the costs.” 

About Barco: Barco designs technology to enable bright outcomes around the world. Seeing beyond the image, we develop visualization and collaboration solutions to help you work together, share insights, and wow audiences. Our focus is on three core markets: Enterprise (from meeting and control rooms to corporate spaces), Healthcare (from the radiology department to the operating room), and Entertainment (from movie theaters to live events and attractions). In 2017, we realized sales of 1.085 billion euro. We have a team of 3,600 employees, located in 90 countries, whose passion for technology is captured in 400 granted patents.

Barco is one of three licencees of Texas Instruments DLP Cinema™ technology. TI developed DLP Cinema™ technology working in close cooperation with Barco and others in the movie industry, to develop Cinema Projector and support systems based on DMD™ technology, to meet the requirement of studios, film distributors and exhibitors alike.
Barco Directory page
Source:
Barco (Kuurne)
Mentioned:
Cinedigm (New York)
Countries:
United States

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