MORRISTOWN, NJ, and LOS ANGELES, CA -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), the global leader in digital cinema, today announced the deployment of 43 Cinedigm-CertifiedTM screens across 3 existing Cinemaworld of FL, Inc. locations in Florida and Rhode Island. Utilizing NEC digital cinema projectors & GDC servers provided by Ballantyne-Strong, the installations are anticipated to be completed by the end of March 2011.
"We have taken our time in reviewing all of the available choices in the market. Cinedigm's integration program allowed us to negotiate our own equipment deals, and provided us with the best opportunity to recoup our investment," said Rick Starr II, VP/COO of Cinemaworld of FL, Inc. "Cash flow was a major concern, and Cinedigm gave us many choices to meet our needs. We look forward to many years of partnership with them."
With Cinedigm's turnkey suite of digital cinema technologies, Cinemaworld will offer consumers all-new digital entertainment options. From 3D movie extravaganzas to live sports programming and 3D theatrical concerts to event programming, Cinemaworld will deliver enhanced digital cinema entertainment well into the future.
"We are thrilled and proud that after extensive research and due diligence Cinemaworld selected Cinedigm as their digital cinema integrator partner," said Chuck Goldwater, President, Cinedigm's Media Services Group. "We look forward to working with Rick and the Cinemaworld team to help them take full advantage of the operational and the programming applications made available by Cinedigm's digital cinema platform."
Since the beginning of digital conversions, Cinedigm has been the leader in digital cinema. In Phase 1, Cinedigm deployed 3724 screens at 348 sites for 18 exhibitors in the United States. In the current Phase 2, Cinedigm has signed contracts with 70 exhibitors to deploy 3,200 Screens. Such theatres are fully networked, turnkey systems - simple and cost-efficient to operate.
Digital cinema enables theatres to program high quality live and alternative content programming. Recent releases by Cinedigm include the ground-breaking, worldwide LIVE 3D broadcast of the FIFA World Cup Championship, the BCS Championship in LIVE 3D, the Dave Matthews Band 3D concerts, and the sold out 3D PHISH concerts. Cinedigm has also released the KIDTOONS series for the past six years, a weekly family friendly matinee series that runs in over 165 theatres across the country.
Cinedigm's Digital Cinema division is the industry-leading deployment program for Digital Cinema. It facilitates the funding, installation support and administration for the company's studio-supported Digital Cinema rollout plans. Cinedigm is also the digital cinema integrator of choice for the CBG, a buying program of the National Association of Theatre Owners (NATO) for small and independent theatre operators in United States and Canada.