Palace Cinemas and XDC Agree to Deploy 170 Digital Screens in Czech Republic, Slovakia and Hungary

June 23, 2009

Source: XDC

Palace Cinemas, the leading exhibitor in the Czech Republic, Slovakia and Hungary, and XDC, the leading Pan-European digital cinema service company, have agreed on the deployment of digital cinema systems in 170 of Palace Cinemas' screens in Central Europe.

The agreement between Palace Cinemas and XDC includes the roll out of DCI-compliant projection systems co-financed by the Virtual Print Fee (VPF) model. Rollout is scheduled to begin in the second half of 2009.

V.J Maury, Chief Executive Officer of Palace Cinemas, stated: "At Palace Cinemas, we are committed to creating the very best entertainment destination so our customers can have a great night out at the movies. With the conversion to digital, we will be able to provide our audience a full line-up of movies shown perfectly in digital on the big screen every single time, in every language, dubbed or subtitled, in 2D or 3D. We are very pleased that the studios have committed to this new technology in our markets. It will also mean more independent movies, live concerts, sports, events and interactive content. There is terrific potential in this new digital environment. It certainly is a great time to be in the exhibition business. XDC is a partner who shares our vision."

Serge Plasch, XDC's Chief Executive Officer, said: "It's for XDC a great honour to announce our third major VPF deal in Europe. Palace Cinemas is the most dynamic exhibitor in Central Europe. This agreement is the result of the excellent relationship that we have built with Palace Cinemas' visionary management team over many months, as well as the successful test bed with 12 systems."

Under the terms of the agreement, XDC will exclusively install DCI-compliant digital projection systems and XDC's CineStore Solo G3 D-Cinema servers. XDC will also implement a fully integrated and networked solution in each of the 20 complexes, thanks to its advanced Theatre Management System and Central Library, the XDC's CineStore Plaza.

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