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—Sep 7, 2005
Microspace Retains Thom Velde to Strengthen Leadership in Digital Cinema
AMC Theaters Veteran to Leverage Deep Pool of Industry Relationships to Help Drive Further Growth in Emerging Segment
icrospace Communications Corporation (Microspace), the leading provider of point-to-multipoint satellite services, today announced that it has retained Thom Velde, a former executive of AMC Theaters, to help drive further success for its VELOCITY service in penetrating the digital cinema marketplace.
Velde will help deepen Microspace's established foothold in the emerging segment through his strategic relationships and experience acquired over more than two decades in the industry. He previously served in several managerial capacities with AMC Theatres, most recently as senior vice president, film, in Los Angeles.
"The movie industry is beginning to embrace digital technology to help improve the quality and lifespan of films for the benefit of theater owners and production companies alike," said Velde. "Digital cinema is an exciting new market that is rapidly gaining market acceptance and I look forward to helping Microspace further extend its well-established footprint within the industry."
Microspace has played a leading role in global digital cinema initiatives for the past several years by enabling satellite delivery of such films as Shark Tale, Shrek II and Collateral, among others. The company was the first to deliver 4K Standardized Evaluation Materials via satellite and, as a long- time member of the Society of Motion Picture and Television Engineers and its DC28 committee to address technologies, Microspace actively contributes to standards development and recommendations for digital cinema. Additionally, Microspace sponsored the Digital Cinema Laboratory's research and testing initiatives by donating a complete VELOCITY satellite network package.
"We are truly excited to be able to leverage Thom's substantial connections and industry influence to help drive further growth and success for our digital cinema initiatives," said Joe Amor, vice president and general manager of Microspace. "His seasoned understanding of the cinema industry and relationships with key decision-makers will further strengthen our existing market position as the premiere content provider for digital cinema."
VELOCITY, Microspace's high-speed video, data and audio broadcasting service, provides an optimum solution for theaters and studios requiring economical and reliable content delivery from one to multiple locations. Compared to terrestrial solutions, VELOCITY is quicker, easier and less expensive to implement, offering savings of up to 98%.
About Microspace Communications:
Microspace Communications Corporation (Microspace), a subsidiary of Capitol Broadcasting Company, is the leader in satellite services for digital cinema, business communications and digital signage. The company operates the largest global business satellite broadcasting network with nearly 250,000 remote links worldwide. With a 25-year heritage, Microspace's VELOCITY® satellite services power its digital cinema network along with private networks for Morgan Stanley, Abercrombie and Fitch, John Deere and many, many more. The VELOCITY service is available either as a dedicated solution or as an on-demand service, enabling customers to easily and affordably expand bandwidth as their needs change. Microspace headquarters are in the U.S. with a presence in Europe and Latin America. For more information, visit http://www.microspace.com.
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