| Cinedigm Recapitalizes With Significant Investment From Sageview Capital |
|
$75 Million Infusion to Refinance Existing Senior Notes and Provide Capital for Future Growth; Sageview Executives to Join Cinedigm Board.
|
| Barco completes first major Cinedigm Phase 2 deployment with Premiere Cinemas |
|
Barco has just completed the first major rollout in Cinedigm Digital Cinema Corp.'s Phase 2 with Texas-based Premiere Cinema Corp.
Premiere operates theatres in Texas, Florida and Alabama, and plans to complete the digitization of their remaining complexes by year's end - bringing the company's total number of Barco installations to 180.
Premiere also has several new state-of-the-art digital cinema theatres under construction, which are set to open in 2010.
|
| Emagine Theatres Select Christie Projectors |
|
Emagine Theatres was the first theater circuit in the country to convert all of its screens to digital projection, installing Christie DLP Cinema projectors exclusively.
Christie Brilliant3D significantly increases image brightness and delivers a picture-perfect experience.
Along with wall-to-wall screens, digital sound, high-backed rocking seats and 46-inch rows in all of its auditoriums, Emagine's three 3D screens use RealD 3D technology.
|
| Cinedigm Digital Cinema Corp. Announces Fiscal Year 2010 First Quarter Results |
|
Access Integrated Technologies, doing business as Cinedigm Digital Cinema Corp., reported a 4.4% consecutive quarterly increase in revenues, to $18.7 million for the fiscal 2010 first quarter ended June 30, 2009, and a 9% decrease in revenues versus the year-ago period.
Bud Mayo, Chief Executive Officer of Cinedigm, stated, "The first quarter was a period of solid execution by Cinedigm. Through active management of our Phase 1 asset base we increased VPF screen turns by 5%. We also successfully expanded our innovative Trailer Express delivery product and secured two new major Hollywood studio clients as launch customers..."
|
