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Los Angeles and Moscow—Feb 6, 2013

RealD and Karo Film Announce Deal to Equip up to 200 Screens Across Russia With RealD 3D

Agreement Pairs Newly Acquired Cinema Chain with Industry’s Most Widely Used 3D Cinema Technology
RealD Inc. (NYSE: RLD), a leading global licensor of 3D technologies, and Karo Film, one of Russia’s leading cinema chains, today announced an agreement to equip up to 200 Karo Film cinema screens across Russia with RealD 3D technology.  Installation of RealD 3D technology has already begun.
 
“A key part of our investment in Karo Film is upgrading the movie-going experience by offering the industry’s brightest 3D presentation on both our standard and large format auditoriums.  This agreement with RealD will give us the ability to equip screens of all sizes in all of our current locations with RealD 3D while allowing us to plan to offer RealD 3D in multiple new locations we expect to announce in the near future,” said Paul Heth, CEO of Karo Film.   
 
“Having recently opened an office in Moscow, Russia is an increasingly important market for RealD and one we have targeted with ambitious plans for long-term growth. This agreement with Karo Film and Paul Heth meaningfully increases the number of screens committed to RealD 3D in the region while offering movie-goers at Karo Film locations a premium, bright and realistic visual experience that can deliver on the true promise of 3D cinema,” said Michael V. Lewis, Chairman and CEO of RealD.
 
Russia has grown to become one of the world’s leading cinema markets with Russian box office estimated to total approximately $1.3 billion (40.5 billion rubles) in 2012, a 15 percent increase from 2011, according to Romir Movie Research.  Similarly, 3D cinema ticket sales in the region continue to grow, increasing by more than 200% between June 2010 and June 2012, according to IHS Screen Digest.
 
Karo Film recently announced a strategic investment by a consortium backing the Moscow-based media entrepreneur, Paul Heth, and consisting of the leading investor, Baring Vostok Private Equity, UFG Private Equity and the Russian Direct Investment Fund.  The consortium acquired a controlling interest in the company and committed to an additional investment of approximately $100 million to open new multiplex cinema venues under the Karo brand over the next three years.  Karo Film currently operates 31 modern movie theaters comprising of 197 screens in Moscow, the Moscow region, St. Petersburg, Nizhniy Novgorod, Samara, Kazan, Kaliningrad and Surgut.
 
Globally, RealD is the world’s most widely used 3D cinema technology with approximately 22,200 screens equipped with RealD 3D by approximately 1,000 exhibitors in 68 countries around the world (as of December 31, 2012). 
 



About RealD:
Named three times as “Most Innovative Company” by Fast Company, RealD’s mission is to perfect the visual experience on every screen and on every device. RealD pioneered digital 3D cinema and today has the world’s largest 3D cinema platform with well over 2 billion people having experienced a movie in RealD 3D. RealD’s network of theaters includes more than 30,000 installed screens in 75 countries with over 1,200 exhibition partners. As the world’s premier visual technology innovator, RealD designs and licenses cutting-edge technologies that enable a premium viewing experience in the theater and on mobile and personal devices.

RealD has offices in Beverly Hills, Boulder, London, Moscow, Shanghai, Beijing, Hong Kong and Tokyo. For more information, please visit our website at www.reald.com
RealD Directory page
About Karo Cinemas: The KARO cinema chain, which was founded in 1997, has set a new standard for the theatrical exhibition industry in Russia. Today KARO is one of the leading, and most technologically advanced cinema chains in the country with 32 modern cinemas and 262 screens in Moscow, the Moscow region, Saint Petersburg, Yekaterinburg, Samara, Kazan, Kaliningrad, Tyumen and Surgut, KARO operates five of Russia’s top ten highest grossing cinemas to include the number one and number two cinemas, KARO Sky 17 at AviaPark and KARO Vegas 22.
 
KARO cinemas are visited by over 12 million people annually. In addition, KARO leads the Russian cinema sector in online engagement. In 2017 KARO was named by international Convention “CineEurope” as the best European cinema circuit, chosen from among 18 other cinema chains from 37 countries. Since 2012, the major and controlling owner of KARO is a consortium of investors consisting of UFG Private Equity, the Russian Direct Investment Fund (RDIF) and Paul Heth, a filmed entertainment entrepreneur, known as a visionary leader and pioneer in the modern Russian cinema industry. For more information, visit: https://karofilm.ru/
Karo Cinemas Directory page

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More Karo Cinemas News:
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Oct 23, 2014 Karo, One of Russia’s Leading and Fastest Developing Cinema Chains Select Unique Digital’s Rosettabridge Tms, Rosettanet and Basekey Suite
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