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Morristown, NJ and Woodland Hills, CA—Nov 10, 2011

Cinedigm Digital Cinema Corp. Closes Deal to Sell Digital Delivery Assets to Technicolor

Originally announced in July, Technicolor acquires Cinedigm’s digital delivery assets and companies enter into global software partnership
Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) , its wholly-owned subsidiary Access Digital Media, Inc., and Technicolor USA, Inc. have closed the sale for Technicolor to acquire certain assets of Cinedigm’s physical and electronic distribution business, which also includes the global licensing of the Cinedigm digital distribution software platform. 

In connection with the transaction, Technicolor will become Cinedigm’s exclusive content distribution partner and preferred partner for post production and other Technicolor services.  In addition, Technicolor will work with Cinedigm on arrangements to support the development of next generation entertainment industry software.

“It has been a pleasure working with Technicolor’s strong management team, including Claude Gagnon, Curt Behlmer and Dave Elliott, to close this deal,” said Chris McGurk, Chairman and CEO of Cinedigm.  “Technicolor is highly respected in the delivery business, with strong customer relationships both domestically and internationally, and we are thrilled that this deal is finalized and they will now be our strategic partner to expand our software and content distribution businesses faster and more effectively.”

Initially announced on July 27, 2011, the deal closed November 10, 2011.

About Technicolor: Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies, based on a thriving licensing business. Our commitment: Enhance media experience on any screen, in theaters, at home and on the go. Technicolor Directory page About Cinedigm: Cinedigm Digital Cinema Corp. is a leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. The Company partners with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, state of the art distributor and exhibition software, and marketing and distribution platform for alternative content and independent films are a cornerstone of the industry's digital cinema transformation. With the April acquisition of New Video, the world's largest aggregator of independent digital content and leading distributor of quality entertainment, CIDM has created a new full service end-to-end digital studio, enabling the Company to acquire and distribute independent films and specialty content both theatrically and via digital, mobile and home media platforms. Cinedigm Directory page

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