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# Baird 1930

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Los Angeles, CA—Oct 1, 2012

Cinedigm Digital Cinema Corp. Announces Digital Deployment Pact with Belmont Capital, LLC for “Your Neighborhood Theatres”

Deal Will Enable The Rollout Of 89 New Digital Cinema Screens at 11 sites
Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), the global leader in digital cinema, today announced a long-term VPF deployment agreement with Belmont Capital, LLC for the theatres operating under the name “Your Neighborhood Theatres.”

The agreement will enable the conversion of the locations to digital cinema under the terms of Cinedigm’s long-term agreements with all the major studios, as well as ongoing interim agreements with over one hundred independent distributors. 

This conversion will deploy 89 Cinedigm-Certified™ screens at 11 sites, with installation expected to be completed in the Fall. The theatres have chosen to utilize powerful digital projector systems from NEC Display Solutions. 

Belmont Theatres are located in the Northeast, including the States of Connecticut, Maine, Massachusetts, New Hampshire, New York and Rhode Island.

The transition from 35mm film projection, which has been used for 110 years, to digital projection systems is a worldwide motion picture industry effort and the costs to deploy this new technology are covered primarily through the payment of virtual print fees (VPF) from studios to implementation companies. Cinedigm's Digital Cinema division facilitates funding, installation and operations support, along with ongoing VPF administration, for the company's digital cinema rollout plans. Cinedigm has signed long-term VPF agreements with all the major studios and interim agreements with over one hundred independent distributors.

“We are thrilled we were able to create a custom solution for Belmont and its theatre partners,” said Gary Loffredo, Cinedigm’s President of Digital Cinema Services.  “Digital cinema will allow Belmont to continue its legacy of personalized neighborhood experiences by enabling the programming of customized and tailored content for its local theatre-going audiences.”

“After considering all of our options for our digital cinema deployment, we are confident that in choosing Cinedigm we have made the best choice for Belmont,” said Mark Benvenuto, Vice President of Operations, Belmont Capital.  “We look forward to taking full advantage of the digital cinema conversion and the many benefits it provides to our operations and our customers.”

“Cinedigm and NEC Display have played important roles in the march toward digital cinema, and we’re excited to see Belmont make this transition,” said Jim Reisteter, General Manager of Digital Cinema at NEC Display Solutions.  “Belmont’s patrons will find their theater-going experiences that much more enjoyable and meaningful as a result of digital technology.”

In total (combined Phase One and Phase Two digital cinema deployment program), Cinedigm has:
  • Signed 11,563 screens overall
  • Installed 10,787 digital screens (as of 9/14)
  • Signed digital screens deals with 260 exhibitors 
Cinedigm digital theatres are fully networked, turnkey systems, simple and cost-efficient to operate.

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
Countries:
United States

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More Cinedigm News:
Dec 11, 2013 MJR Theaters Selects Cinedigm's Web-Based Digital Cinema Software, "ENTERPRISE WEB"
Oct 22, 2013 Cinedigm Launches "Enterprise Web," Industry-Changing Web-Based Digital Cinema Software
Jun 25, 2013 Omniplex Cinema Group Completes Installation of Cinedigm’s Theatre Command Center, Bringing Full Benefits of Digital Cinema to the Exhibitor
Jun 24, 2013 Omniplex Cinema Group Completes Installation of Cinedigm’s Theatre Command Center, Bringing Full Benefits of Digital Cinema to the Exhibitor
Jun 24, 2013 Neighborhood Cinema Group Selects Cinedigm Enterprise Software to Manage Head Office Functions
Apr 29, 2013 Cinedigm and ICAA Secure Virtual Print Fee Program to Benefit Independent Cinemas in Australia and New Zealand
Apr 12, 2013 Cinedigm Signs Over 100 Drive-In Movie Theatres to Digital Cinema Program
Feb 4, 2013 Cinedigm and NATO Team Together to Lead the Digital Conversion of Drive-In Movie Theatres
Jan 15, 2013 Southern Theatres Selects Cinedigm Enterprise Software to Centrally Manage its Digital Theatres
Dec 4, 2012 Cinedigm Names Dan Sherlock President of Software
Nov 6, 2012 Theatre Service Network Adopts Cinedigm EMS Software to Manage Booking Services for Over 50 Exhibitors
Oct 18, 2012 Cinedigm Digital Cinema Corp. Announces Digital Deployment with Reading International, Including the Angelika New York, the Most Prestigious Arthouse in the United States
Oct 16, 2012 Cinedigm Digital Cinema Corp. Announces First Large Scale International Digital Deployment with Caribbean Cinemas
Oct 16, 2012 LD Entertainment to Manage Theatrical Releases Using Cinedigm’s TDS Distribution Software
Oct 15, 2012 Cinedigm Digital Cinema Corp. Passes 12,200 Digital Screen Signings Mark, with 273 Exhibitor Partners on Board
Oct 12, 2012 Cinedigm Digital Cinema Corp. Reaches Milestone for Community and Local Theatres Across the Country with 3,000 Screens Signed
Oct 9, 2012 Goodrich Quality Theatres Expands Relationship with Cinedigm Software, Bringing Full Benefits of Digital Cinema To Their Digital Theatre Circuit

Sep 28, 2012 Cinedigm Announces Digital Deployment Pact with Metropolitan Theatres Corporation
Sep 12, 2012 Cinedigm’s EMS™ Software to Manage Carmike Cinemas’ Booking and Payments
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