SANTA MONICA, Calif. and VANCOUVER, British Columbia -- Lionsgate (NYSE: LGF) ("the Company"), the leading next generation studio, today emphasized the value creation potential of its proposed merger combination with Metro-Goldwyn-Mayer Studios Inc. ("MGM"). The Company filed an Amendment to Schedule 14D-9 with the Securities and Exchange Commission yesterday disclosing that it sent an October 11 proposal to MGM regarding a potential business combination between the two companies. Under the terms of the proposal, the combined company would be owned by shareholders of Lionsgate and creditors of MGM.

"This is a unique, once in a lifetime opportunity to create a dynamic, forward-looking studio that unlocks tremendous potential value for Lionsgate's shareholders and MGM's various stakeholders," said Lionsgate Co-Chairman and Chief Executive Officer Jon Feltheimer and Vice Chairman Michael Burns. "A Lionsgate merger with MGM is a natural fit that would bring together two of the most powerful libraries in the world, create significant cost savings, consolidate our mutual global channel operations and generate significant incremental revenue and cash flow. It would create a combined entity with enough scale to leverage all of our distribution platforms worldwide."

Lionsgate noted that it believes that its three largest shareholders, Carl Icahn, MHR Fund Management and Capital Research Global Investors, support the merger proposal.

 

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Source: Deadline.com

Christopher Nolan is teaming up once again with Inception's Tom Hardy. The actor will take on a leading role in Nolan's third batman film. The common assumption is that Hardy will take on the role of a new villain, but the plot is being kept top secret.

Hardy is on fire after his scene-stealing turn in Inception. He's currently filming This Means War from director McG, Reese Witherspoon and Chris Pine are also starring in that project.

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ShowEast, Orlando, FL -- Digital cinema pioneer Barco has further extended its offering of digital cinema projectors with a brand-new DLP Cinema® Enhanced 4K projector model. The new Barco 4K projector complements the company's current 2K projector offering, and will become commercially available in early 2011.

The introduction of the new Barco DP4K-32B doesn't come as a surprise. Last month, Barco already held a live demonstration of a pre-launch version of its new DLP Cinema® Enhanced 4K projector during a visit to the company by Cinemark. This week, the official unveiling took place at a special red carpet event with live 4K screenings at Cinemark's Festival Bay Theatre in Orlando.

On the occasion of this unique event, Barco's Vice-President Digital Cinema, Wim Buyens, shared the company's view on 4K: "Customers on every continent have praised our 2K 'DP2K' projector family as the most complete range of DCI-compliant digital cinema projectors available today, offering the perfect match for every screen. With the addition of DLP Cinema® Enhanced 4K models, our customers will have even more options to choose from. We remain however fully committed to the DP2K platform and 2K as the industry standard. The new, top-of-the-line DP4K-32B projector will act as the new flagship of the family, allowing us to also serve the Enhanced 4K segment, which mainly focuses on the premium cinema screens and venues."

Based on the 1.38" DLP Cinema® Enhanced 4K chip from Texas Instruments, Barco's new DP4K-32B guarantees razor-sharp movie images combined with DLP Cinema®'s proven, consistent color uniformity, rich contrast and Academy Award-winning vibrant, accurate colors. In addition, the ultra-high resolution projector benefits from a first-rate optical design and superior lamp efficiency, which results in a record light output and an unmatched visual 3D experience. Finally, the new DP4K-32B also features a unique, patented cooling system, creating the coolest 4K engine in the world. This ensures unrivaled reliability and a significantly increased lifetime compared to competing products.

The top-of-the-line DP4K-32B shares the same modular platform as its DP2K sister models. Thanks to this true modular design with its easy serviceability, customers can significantly raise their uptime, while minimizing their spare parts stock and keeping their service engineers' learning curves short. To further reduce cost of ownership, the Barco projectors feature a lamp operating cost that is up to 30% lower than our competitors, while still leading the way on light output.

Shipments of the new Barco DP4K projectors are expected to begin in early 2011, as production will ramp up in line with the availability of 4K DMD chips from Texas Instruments.

 

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SAN DIEGO -- Continuing its role as a full-service digital cinema solution provider for exhibitors of all sizes, Sony Electronics is expanding the industry-leading footprint of its 4K projection technology. The company's Digital Cinema Solutions group currently has about 5,000 Sony 4K screens worldwide; with one-third of those equipped for 3D - and aggressive plans are in place to install approximately 2,000 more systems, mostly covering a range of small- to mid-sized circuits.

Furthering its ability to facilitate an exhibitor's conversion, Sony is also continuing its work to pursue exhibitor financing and deployment deals in the more than 20 other countries in which Sony digital cinema is planning to operate. Most recently, Sony Electronics secured $140 million in financing that will pave the way for Sony to help exhibitors of all sizes to convert their operations to digital technology.

"The digital cinema transition is not exclusive to the large national exhibitors with thousands of screens," said Gary Johns, senior vice president, Digital Cinema Solutions, Sony Electronics. "Sony is equally committed to the smaller and independent exhibitors as we are to the largest circuits. Some of the greatest success stories and innovation are at the independent and regional level, and this latest round of financing will go a long way toward enabling Sony to offer conversion opportunities across the industry."

In addition to Sony 4K projection systems, as well as integrated software and servers, customers can turn to Sony for digital signage, including displays, controllers, software; installation, monitoring, maintenance, content creation and distribution services.

"We look forward to collaborating with many more small and mid-size exhibitors," said Pat Leon, Senior Manager, Business Development, Sony Digital Cinema Solutions. "Digital movies - in 2D and 3D -- have already proven to be a big hit at the box offices, and the movie-going consumers have enthusiastically responded to our Sony 4K projectors for a truly state-of-the-art experience."

Sony's Digital Cinema Solutions Group has digital deployments underway with a range of exhibitors, including AMC Theaters and Regal Entertainment Group -- the two largest theater chains in North America -- and, most recently, National Amusements. The group is also working with several other national and regional theater chains - including Muvico Theaters, Frank Theatres, Hollywood Theaters and Lincoln Square Cinemas, among many others -- to implement 4K projection technology and other Sony solutions.

 

 

 

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