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Kortrijk, Belgium—Mar 1, 2012

Arts Alliance Media and Barco Announce 100 Million Euro Digital Cinema Leasing Program

Arts Alliance Media (AAM), a leading digital cinema provider, and Barco, the global Digital Cinema Technology Leader, have signed a Memorandum of Understanding to offer a financial leasing program to exhibitors across Europe to convert to digital cinema. The fund, named the Barco Leasing Program, has a provision for up to €100m and will offer financing packages to cinemas looking to convert from 35mm to digital. The offer is supported by ING Lease Belgium. It will be available to interested exhibitors of any size and will utilize AAM’s existing VPF agreements with all 6 Hollywood majors and nearly 100 local European distributors.
    
AAM will begin offering the program over the coming weeks to exhibitors across Europe with the funding available for the next 18 months, targeting 2,000 screens for conversion. Equipment will be supplied by Barco, who have installed over 25,000 DLP Cinema-based digital projectors worldwide, and maintenance and support will be provided by Arts Alliance Media, who currently support over 2,300 digital cinema systems from a dedicated Network Operations Centre in London.
 
Howard Kiedaisch, Chief Executive Officer of Arts Alliance Media, says: “One of the critical elements to getting any exhibitor converted to digital is procuring the necessary capital investment and we’re delighted to partner with our friends at Barco to offer a solution to exhibitors throughout Europe. With Europe already over 50% converted, the remaining cinemas who have not yet converted need to move quickly or risk being left behind and we’re encouraging all operators large and small to engage in dialogue with us.”
 
Wim Buyens, Senior Vice President of Entertainment at Barco adds: “We expect this leasing program is going to offer the digital cinema opportunity to more cinemas than ever before. Cinemas working with Barco and AAM under this scheme can trust that they’re partnering with digital experts who will offer the best quality equipment and reliable service to allow them to offer the best experience to their audiences.”
 
Exhibitors interested in the program should contact Giovanni Dolci at Arts Alliance Media: GDolci@artsalliancemedia.com
T:  +44 (0)20 7751 7467
M: +44 (0)78 2462 4786
 
About ING Lease Belgium
ING Lease Belgium is one of the largest leasing companies in Belgium. ING Lease Belgium is member of ING Group, itself one of the world's major actors in the field of integrated financial services.
ING Lease Belgium’s activities center wholly and solely on financial leasing. As pioneer in its sector, ING Lease Belgium is an innovating force and created, amongst other products the real estate leasing and leasing of renewable energy. Known and recognized for its professionalism and creativity, it has become a reference on the Belgian leasing market. ING Lease is structured by product type which favors dynamism and adaptability, and allows ING Lease Belgium to stay at the leading edge of each market segment whilst developing products designed for its customers specific requirements. 

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

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 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, and improve the cinematic experience for their customers. Our software touches over 25,000 digital screens globally, while AAM’s network operations centre (NOC) supports several thousand screens. AAM’s latest offering is Thunderstorm- a unique online marketplace for cinema where exhibitors can browse the latest technologies to enable them to increase revenues and improve customer interaction. Arts Alliance Media Directory page Arts Alliance Media Web Site

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