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In This Issue
Cinedigm - $172.5 Million New Credit Facility
IMAX Signs Agreement with Russian Developer SBS
European Research: digital screens more than triple in 2009
KORDA database on public funding in Europe
Christie Chosen By D-Cinema Korea
6 Independent Exhibitors Sign Onto Phase 2 Deployment Program
MasterImage 3D Opens European Office
Patrick Whittingham Joins SENSIO Board of Directors
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May 12, 2010
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Cinedigm Digital Cinema Corp. Subsidiary Closes $172.5 Million New Credit Facility
This new credit facility will refinance all existing senior and mezzanine non-recourse debt in the Company's Phase 1 deployment subsidiary, Christie/AIX, through a newly formed bankruptcy remote subsidiary called Cinedigm Digital Funding I, LLC.
 
IMAX Signs Agreement with Russian Developer SBS
IMAX announced it has signed an agreement with leading Russian retail and entertainment developer SBS to install an IMAX theatre in the city of Krasnodar under the developer's Seven Stars Cinemas brand name.
The new IMAX theatre will feature IMAX's digital projection system.
European Research: digital screens more than triple in 2009 with 3D as the driving force
According to the statistics provided by MEDIA Salles the number of screens equipped with DLP Cinema or SXRD technology at 31 December 2009 came to 4,693 - a 206.9% rise compared to the previous year.
 
Currently most digital theatres are to be found in Western Europe: as many as 3,904 screens, with a 198.2% increase compared to December 2008.

KORDA database on public funding for film and audiovisual works in Europe

The KORDA database is a guide to public funding in Europe - listing the funds and their funding schemes, and providing key information at a glance - all available on-line and free.
 
It's an ideal tool for finding your way around the European funding landscape.

Christie Chosen By D-Cinema Korea for Second Phase Digital Cinema Deployment 

South Korea based D-Cinema Korea Co. Ltd. (DCK) has committed to installing Christie 4K-ready Solaria Series DLP Cinema projectors in the second phase of their digital cinema deployments, countrywide.
 
With this second phase installation, South Korea is expected to be the first, completely digitized country in the world.
Cinedigm Announces 6 Independent Exhibitors Sign Onto Phase 2 Deployment Program
Six NATO Cinema Buying Group member exhibitors, representing 94 screens, haved signed onto Cinedigm's 10,000 screen Phase 2 digital cinema deployment program.
 
Cinedigm has helped create several financing options in its Phase 2 digital cinema deployment program, which provide opportunities for smaller exhibitors to participate.
MasterImage 3D Expands Operations With Launch of European Office
Located in the UK's Pinewood Studios, the new office serves the fast-growing number of theaters adopting MasterImage's 3D digital cinema systems across Europe and will help drive adoption of its auto-stereoscopic 3D display systems.
 
Cinema technology veterans Brian Kercher, newly named managing director of 3D cinema, MasterImage 3D Europe, and Andrew Lee, director of sales engineering, are leading the company's European operations.
Read on...
Patrick Whittingham Joins SENSIO Board of Directors
Whittingham's career in the media industry includes 28 years with Sony, most recently as president of the Sony Broadcast and Production Systems Division at Sony Electronics (USA).
 
He now serves as president of Toronto-area media technology consulting firm PGW & Associates and also sits on the boards of Miranda Technologies, Front Porch Digital and AZCAR Technologies Inc.
Read on...
Cheers,
 
Digital Cinema Buyers Guide News Team
 
Phone: +1 917-675-6050 or + 1 310-469-8190
 

 

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