Los Angeles, CA - Anil Dhirubhai Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, the parent company of Reliance Big Entertainment and Reliance BIG Pictures along with Steven Spielberg and Stacey Snider, the principal partners of DreamWorks Studios jointly announced today the completion of the first phase of funding for their new motion picture company, based in Los Angeles, California. They further announced that J.P. Morgan Securities arranged the syndication of approximately $325 million of senior debt which Reliance Big Entertainment is matching with its equity commitment. The Walt Disney Studios, who will handle marketing and distribution for the studio, will also extend a loan to DreamWorks as part of the distribution deal.

The debt financing was led by J.P. Morgan, who brought together other lenders to set-up DreamWorks with its first wave of funds. Participants include: Bank of America, City National Bank, Wells Fargo, Comerica, Union Bank of California, SunTrust, California Bank & Trust, and Israel Discount Bank.

Anil Ambani said: "Our partnership with Stacey and Steven is the cornerstone of our Hollywood strategy as we grow our film interests across the globe. Given our faith in the business plan that they presented to us and despite the current economic climate, we were always confident that this day would come. Now Stacey and Steven can focus on producing more of the great films for which they are renowned."

"This will allow us to move ahead quickly into production with our first group of films, said Stacey Snider and Steven Spielberg in a joint statement. "We wish to thank Anil personally for his foresight and fortitude over the past months. We congratulate J.P. Morgan for their leadership in attracting this funding during today's most challenging financial environment. Our thanks also to our distribution partner Disney who we look forward to working with in getting our movies out to the global audience."

Joining Stacey Snider and Steven Spielberg on DreamWorks' Board of Directors on behalf of the Reliance ADA Group are Amitabh Jhunjhunwala, Vice Chairman, Reliance Capital, and J.P. Morgan's Alan J. Levine.

Alan J. Levine of J.P. Morgan Entertainment Advisors led the Reliance team in structuring the capital and business plan for the company. Schuyler Moore at Stroock & Stroock & Lavan was Reliance's counsel. DreamWorks was advised by Skip Brittenham at Ziffren Brittenham LLP, Bruce Ramer and Harold Brown at Gang, Tyre, Ramer & Brown, and Cravath, Swaine & Moore. John Miller and David Shaheen at J.P. Morgan Securities led the senior debt syndication.

"It took great dedication over many months to turn our vision for this company into a reality," said Jeff Small, President and Chief Operating Officer of DreamWorks Studios. "The time spent by everyone navigating the changing economic waters allowed us to make the most responsible deal for DreamWorks and ensure that our partnership with Reliance, from the very beginning, was built on solid ground. We appreciate the faith our bank group has in our business plan and look forward to a long and fruitful relationship with them."

DreamWorks has a long-term distribution deal with The Walt Disney Studios which will market and distribute approximately six live-action films a year for the company, except for India where Reliance Big Entertainment will retain distribution rights. The first release under Disney's Touchstone banner is expected in 2010.

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Knoxville, Tennessee - Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, announced today that tickets are on sale now for X Games 3D: The Movie in Digital 3D. Regal Entertainment Group will offer this Digital 3D presentation at 213 locations across the country utilizing RealD 3D cinema systems. This special engagement is available at Regal Entertainment Group theatres for one week only August 21-27.

"Extreme sports fans should grab their tickets now for this one week only presentation of X Games 3D: The Movie coming to more than 200 Regal Entertainment Group theatres. This film provides a unique view of these amazing athletes and their award-winning performances all in 3D," stated Dick Westerling, Senior Vice President of Marketing and Advertising for Regal Entertainment Group.

X Games 3D: The Movie is a full-length feature film comprised of more than 90% native 3D content that vividly captures the drama and spectacle that play out every year at the X Games. Featuring Shaun White, Travis Pastrana, Danny Way, Ricky Carmichael, Bob Burnquist, and Kyle Loza, the film tells the behind-the-scenes stories of the athletes and the sacrifices they make as they pursue glory and progression on the industry's biggest stage. Directed by award-winning filmmaker Steve Lawrence (Down the Barrel) and narrated by Emile Hirsch, the film uses groundbreaking digital 3D techniques to immerse sports fans into the world of action sports. Whether racing downhill on Shaun White's snowboard, flying through the air in Travis Pastrana's rally car, or preparing to launch down the big air ramp with Danny Way, fans will be at the center of the action and get unprecedented access to the X Games and the iconic action sports personalities chronicled in the film. This ESPN Films production is rated PG for extreme sports action and accidents.

Regal Entertainment Group utilizes RealD® 3D projection systems to provide true-to-life 3D. RealD is a new generation of digital 3D, giving moviegoers a stunningly realistic movie experience that engages the imagination, activates the senses and invites the audience not only to watch a film, but also step inside the story. Audience members will utilize comfortable, lightweight glasses to view the film's 3D effects. These glasses can be taken home as souvenirs of the movie or recycled as guests exit the presentation.

Tickets are now on sale for X Games 3D: The Movie in Digital 3D at the following Regal Entertainment Group theatres:

Albany, NY
Regal Colonie Center Stadium 13
Regal Crossgates Stadium 18

Albuquerque, NM
UA Cottonwood Stadium 16

Asheville, NC
Regal Biltmore Grande Stadium 15

Atlanta, GA
Regal Arbor Place Stadium 18
Regal Atlantic Station Stadium 16
Regal Georgian Stadium 14
Regal Hollywood Stadium 24 @ North I-85
Regal Medlock Crossing Stadium 18
UA North Point Market 8

Augusta, GA
Regal Augusta Exchange Stadium 20

Austin, TX
Regal Metropolitan Stadium 14
Regal Westgate Stadium 11

Bakersfield, CA
Edwards Bakersfield Stadium 14

Baltimore, MD
Regal Bel Air Stadium 14
UA Snowden Stadium 14

Bend, OR
Regal Old Mill Stadium 16

Binghamton, NY
Regal Binghamton Stadium 12

Birmingham, AL
Regal Trussville Stadium 16

Boise, ID
Edwards Boise Stadium 22
Edwards Nampa Stadium 14

Boston, MA
Regal Bellingham Stadium 14
Regal Fenway Stadium 13
Regal Solomon Pond Stadium 15

Buffalo, NY
Regal Elmwood 16
Regal Transit Center Stadium 18
Regal Walden Galleria Stadium 16

Charleston, SC
Regal Azalea Square Stadium 16
Regal Palmetto Grande Stadium 16

Charlotte, NC
Regal Birkdale Stadium 16

Charlottesville, VA
Regal Seminole Square 4

Chicago, IL
Regal Round Lake Beach Stadium 18
Regal Showplace Stadium 16

Cincinnati, OH
Regal Deerfield Towne Center Stadium 16

Cleveland, OH
Regal Cobblestone Square Stadium 20
Regal Medina Stadium 16

Columbia, SC
Regal Sandhill Stadium 16

Dayton, OH
Regal Fairfield Commons Stadium 20

Denver, CO
Regal Continental Stadium 10
Regal River Point Stadium 14
UA Colorado Mills Stadium 16
UA Denver Pavilions Stadium 15

Eugene, OR
Regal Valley River Center Stadium 15

Fairbanks, AK
Regal Goldstream Stadium 16

Fresno, CA
Edwards Fresno Stadium 22
Regal Manchester Stadium 16

Ft Myers, FL
Regal Belltower Stadium 20
Regal Gulf Coast Town Center Stadium 16
Regal Hollywood Stadium 20 - Naples
Regal Town Center Stadium 16 - Port Charlotte

Gainesville, FL
Regal Royal Park Stadium 16

Greensboro, NC
Regal Greensboro Grande Stadium 16
Regal Palladium Stadium 14

Greenville, NC
Regal Greenville Grande Stadium 14

Greenville, SC
Regal Cherrydale Stadium 16
Regal Spartan Stadium 16

Harrisburg, PA
Regal Manor Stadium 16
Regal West Manchester Stadium 13

Honolulu, HI
Regal Dole Cannery Stadium 18
Regal Pearl Highlands Stadium 12

Houston, TX
Edwards Greenway Grand Palace Stadium 24 Edwards Houston Marq'E Stadium 23

Idaho Falls, ID
Edwards Grand Teton Stadium 14

Indianapolis, IN
Regal Village Park Stadium 17
UA Galaxy Stadium 14

Jacksonville, FL
Regal The Avenues Stadium 20

Knoxville, TN
Regal Pinnacle Stadium 18
Regal West Town Stadium 9

Las Vegas, NV
Regal Aliante Stadium 16
Regal Boulder Station Stadium 11
Regal Colonnade Stadium 14
Regal Fiesta Henderson Stadium 12
Regal Red Rock Stadium 16
Regal Sunset Station Stadium 13
Regal Texas Station Stadium 18

Lexington, KY
Regal Hamburg Pavilion Stadium 16

Los Angeles, CA
Edwards Alhambra Renaissance Stadium 14
Edwards Aliso Viejo Stadium 20
Edwards Anaheim Hills 14
Edwards Brea Stadium 22
Edwards Camarillo Palace Stadium 12
Edwards Corona Crossings Stadium 18
Edwards Eastvale Gateway Stadium 14
Edwards Irvine Spectrum 21
Edwards Long Beach Stadium 26
Edwards Metro Pointe Stadium 12
Edwards Ontario Mountain Village Stadium 14 Edwards Ontario Palace Stadium 22 Edwards South Gate Stadium 20 Edwards Temecula Stadium 15 Edwards West Covina Stadium 18 Regal Foothill Stadium 22 Regal Garden Grove Stadium 16 Regal La Habra Stadium 16 Regal Promenade Stadium 13 Regal Rancho Mirage Stadium 16 Regal Riverside Plaza Stadium 16 Regal Simi Valley Civic Center Stadium 16 UA Los Cerritos Galaxy Stadium 11

Miami, FL
Regal Kendall Village Stadium 16
Regal Magnolia Place Stadium 16
Regal Oakwood Stadium 18
Regal Sawgrass Stadium 23
Regal South Beach Stadium 18
Regal Southland Mall Stadium 16
Regal Westfork Stadium 13

Minneapolis, MN
Regal Eagan Stadium 16

Nashville, TN
Regal Green Hills Stadium 16
Regal Opry Mills Stadium 20
Regal Providence Stadium 14
Regal Streets of Indian Lake Stadium 16

New Haven, CT
Regal Brass Mill Stadium 12

New York City, NY
Regal Commerce Center Stadium 18
Regal E-Walk Stadium 13
Regal New Roc Stadium 18
UA Cortlandt Town Center Stadium 11
UA Sheepshead Bay Stadium 14
UA Staten Island Stadium 16
UA Union Square Stadium 14
UA Westbury Stadium 12

Norfolk, VA
Regal Columbus Stadium 12
Regal Greenbrier 13
Regal Kiln Creek Stadium 20
Regal Macarthur Stadium 18
Regal New Town Stadium 12

Orlando, FL
Regal Hollywood Stadium 16 - Ocala
Regal Oviedo Stadium 22
Regal Pointe Orlando Stadium 20
Regal Waterford Lakes Stadium 20
Regal Winter Park Stadium 20

Philadelphia, PA
Regal Burlington Stadium 20
Regal Cumberland Stadium 14
Regal Hamilton Commons Stadium 14
Regal Plymouth Meeting 10
Regal Marketplace Stadium 24
Regal Northhampton 14
Regal Warrington Crossing Stadium 22
UA Oxford Valley Stadium 14
UA Riverview Plaza 17
UA Washington Township 14

Portland, OR
Regal Bridgeport Village Stadium 18
Regal Cascade Stadium 16
Regal Evergreen Parkway Stadium 13
Regal Lancaster Mall Stadium 11
Regal Lloyd Center 10

Raleigh, NC
Regal Crossroads Stadium 20
Regal North Hills Stadium 14

Richmond, VA
Regal Commonwealth Stadium 20
Regal Short Pump Stadium 14
Regal Southpark Mall Stadium 16
Regal Virginia Center Stadium 20
Regal Westchester Commons Stadium 16

Roanoke, VA
Regal New River Valley Stadium 14
Regal Valley View Grande Stadium 16

Rochester, NY
Regal Greece Ridge Stadium 12
Regal Henrietta Stadium 18

Sacramento, CA
Edwards Fairfield Stadium 16
Regal El Dorado Stadium 14
Regal Modesto Stadium 10
Regal Natomas Marketplace Stadium 16
Regal Stockton City Centre Stadium 16
Regal Turlock Stadium 14
UA Olympus Pointe 12

San Antonio, TX
Regal Alamo Quarry Stadium 16
Regal Cielo Vista Stadium 18
Regal Northwoods Stadium 14

San Diego, CA
Edwards Mira Mesa Stadium 18
Edwards Rancho San Diego Stadium 15
Edwards San Marcos Stadium 18
Regal Escondido Stadium 16
Regal Oceanside Stadium 16
Regal Parkway Plaza Stadium 18
UA Horton Plaza 14

San Francisco, CA
Regal Deer Valley Stadium 16
Regal Hacienda Crossings Stadium 20

Santa Barbara, CA
Edwards Santa Maria 10

Santa Fe, NM
Regal Santa Fe Stadium 14

Savannah, GA
Regal Savannah Stadium 10

Seattle, WA
Regal Auburn Stadium 17
Regal Bella Bottega Stadium 11
Regal Everett Mall Stadium 16
Regal Lakewood Stadium 15
Regal Longston Place Stadium 14
Regal Martin Village Stadium 16
Regal Marysville 14
Regal Meridian Stadium 16
Regal The Landing Stadium 14
Regal Thornton Place Stadium 14

Shreveport, LA
Regal Louisiana Boardwalk Stadium 14

Spokane, WA
Regal Northtown Mall Stadium 12
Regal Riverstone Stadium 14

St Louis, MO
Regal St. Louis Mills Stadium 18

Syracuse, NY
Regal Carousel Mall Stadium 17
Regal Ithaca Mall Stadium 14
Regal Shoppingtown 14

Tampa, FL
Regal Citrus Park Stadium 20
Regal Hollywood Stadium 20 - Sarasota

Washington D.C
Regal Ballston Common Stadium 12
Regal Bowie Stadium 14
Regal Countryside Stadium 20
Regal Fredericksburg 15
Regal Gallery Place Stadium 14
Regal Germantown Stadium 14
Regal Kingstowne Stadium 16
Regal Majestic Stadium 20
Regal Potomac Yard Stadium 16
Regal Rockville Center Stadium 13
Regal Valley Mall Stadium 16
UA Fairfax Towne Center 10

Watertown, NY
Regal Salmon Run Mall 8

West Palm Beach, FL
Regal Royal Palm Beach Stadium 18
Regal Treasure Coast Stadium 16

Wilmington, NC
Regal Mayfaire Stadium 16

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COLUMBUS, Ga.-- Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading digital cinema and 3D motion picture exhibitor, today announced that it has signed a definitive agreement with Stephen Benson, Principal of Blackrock, LLC, to build a 12-screen theatre with 2,600 seats to be located in the Capps Landing development in Opelika, AL. The build-to-suit arrangement features a new Carmike state-of-the-art, digital entertainment complex at the intersection of Interstate 85 and U.S. Highway 280, across from Tiger Town, East Alabama's largest retail center.

Tiger Town is a 160-acre development featuring 800,000 square feet of retail space, and combined with Capps Landing, offers free-standing restaurants, offices, hotels and banks. Carmike's other theatre in the region - the Wynnsong 16 at 2111 East University Avenue in Auburn - will remain open following the completion of the new, 12-screen theatre. The new theatre will also serve the nearby Auburn University community, which is home to approximately 24,000 students.

Carmike President and CEO David Passman, stated, "We are grateful for the support of the community of Opelika, Mayor Fuller and local officials for their efforts as we bring a state-of-the-art entertainment complex to the Tiger Town area. Our new theatre complex will bring the best in Hollywood entertainment and the most advanced digital and 3D exhibition technology to East Alabama and will create new jobs both through construction and employment upon its opening, targeted for next Fall."

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MORRISTOWN, NJ - Access Integrated Technologies, Inc., doing business as Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), a pioneer in the digital cinema industry, announced today that it has completed a $75,000,000 private placement of securities to Sageview Capital consisting of a Senior Note due 2014 and a warrant to purchase common stock. The capital infusion significantly strengthens the Company's balance sheet, extends debt maturities, provides capital for the Company's continued growth and introduces a key long-term investor into the shareholder base.

Under the terms of the transaction, the Company issued to Sageview Senior Notes in the principal amount of $75,000,000 with an interest rate (subject to potential adjustments) of 8.0% per annum to be paid in kind and 7.0% per annum to be paid in cash. The new Senior Notes have a 5-year term, with a scheduled maturity date of August 11, 2014 (subject to potential extension). In addition, the Company issued to Sageview a seven-year warrant to purchase up to 16,000,000 shares of Class A common stock of CIDM at an initial exercise price of $1.37 per share, representing approximately 35.3% of the Company's fully diluted shares outstanding pro forma for the closing of this transaction and a 38.4% premium to the CIDM closing price on August 10, 2009. The Company also appointed Ned Gilhuly, a Managing Partner of Sageview, to its Board of Directors immediately and, subject to shareholder approval, will add a second designee of Sageview as a director following its upcoming shareholder meeting.

The Company used proceeds from the transaction to (i) redeem its existing 10% Senior Notes due 2010 for $42,500,000, reflecting a purchase price of 77.3% of the original principal amount of such notes, (ii) pre-pay $5,000,000 in aggregate principal and accrued interest under the Company's existing Phase 1 senior credit facility, (iii) create a cash reserve of approximately $11,300,000 to fund quarterly cash interest payments on the new Senior Notes for the next two years, (iv) provide approximately $11,700,000 of additional capital for general corporate purposes to support the growth of the business, and (v) fund transaction fees and expenses.

Bud Mayo, Chief Executive Officer of Cinedigm, stated, "We are thrilled to have Sageview as a strategic investor and Ned as a board member of our Company, and we are pleased that Sageview has recognized the unique capabilities and growth potential that Cinedigm has to offer." Mayo continued, "This investment significantly strengthens our balance sheet and provides additional financing for our continued expansion. The new Senior Notes have a maturity in 2014, after the retirement of our Phase 1 debt, and allow us to expand the covenant cushion on our Phase 1 subsidiary's credit facility by pre-paying some of its outstanding principal. Furthermore, this new capital provides additional funding to help support continued execution of our business plan to drive transformation in the theatre industry to digital."

Ned Gilhuly, a Managing Partner of Sageview stated, "We are excited to be investing in Cinedigm, and we are confident that we can help the Company take advantage of the growth opportunities ahead. We believe the transformation of the theater exhibition industry from film to digital presents a significant and imminent opportunity and that Cinedigm has laid the groundwork to be a major beneficiary of that transition. Cinedigm has an attractive mix of predictable cash flow from the virtual print fees generated by its Phase 1 deployment, as well as distribution and other services businesses that should grow significantly with the digital cinema roll out. We look forward to working with Bud Mayo and his management team to help the Company achieve its potential."

Imperial Capital, LLC acted as Cinedigm's financial advisor and placement agent.

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CULVER CITY, Calif. - Beginning October 30th, the world will have a front-row seat for Michael Jackson's final concert, as Sony Pictures Entertainment and Sony Music Entertainment release Michael Jackson's This Is It.

This Is It is being produced with the full support of The Estate of Michael Jackson and will be drawn from hundreds of hours of rehearsal and behind-the-scenes footage, captured in high definition with state-of-the-art digital sound as the late singer was preparing for his concert series in London. The film, which will also offer select sequences in 3-D, will provide a unique career retrospective and feature interviews with some of Jackson's closest friends and creative collaborators.

The announcement was made by Michael Lynton, Chairman and Chief Executive Officer of Sony Pictures Entertainment, Amy Pascal, Co-Chairman of the studio, Rolf Schmidt-Holtz, Chief Executive Officer of Sony Music Entertainment, and Rob Stringer, Chairman of Columbia/Epic Label Group, a subsidiary of Sony Music Entertainment. The companies serve as the principal entertainment divisions of Sony Corporation.

Joining Sony in the announcement was The Estate of Michael Jackson, administered by his longtime attorney John Branca and veteran music executive John McClain, a Jackson family friend for more than 40 years. Proceeds the Estate earns from the film's release will benefit the Michael Jackson Family Trust, the entity that Mr. Jackson specified in his will is to receive all of his assets.

The rights to the exclusive footage were acquired from AEG Live and The Estate of Michael Jackson. Sony Pictures and Sony Music will co-produce with AEG Live and the Estate, and Sony Pictures will distribute the film worldwide. Randy Phillips and Paul Gongaware of AEG Live will serve as producers of the film.

The majority of the film's footage was shot in June, 2009 at STAPLES Center in Los Angeles, California, and The Forum in Inglewood, California, as Jackson prepared for "This Is It," the series of fifty concerts Jackson planned to present at the O2 Arena in London.

This Is It will offer Jackson fans and music lovers worldwide a rare, behind-the-scenes look at the performer, his career, and the stage spectacular that would have been. The film will provide moviegoers with an unforgettable front row experience compiled from extensive footage that shows Jackson's meticulous preparation for his 2009 London shows.

Said Branca, "Our goal is to work with partners who treat Michael's legacy with dignity and respect, while allowing us to substantially build the value of his estate for the benefit of Mrs. Katherine Jackson, Michael's three children and the charitable causes that meant so much to him during his life. We are confident we found the right partners for this project in Sony Pictures Entertainment and Sony Music Entertainment. Sony and Michael enjoyed a long and mutually beneficial history together, and it's only fitting that the relationship continues."

Said McClain, "This film is not only a tribute to an artist who created excitement every moment he was on stage, but also is a fitting gift to the millions of fans worldwide who loved him and who he devoted his professional life to entertaining. John and I are thrilled to be working with Sony to build on Michael's musical legacy in a way that will generate significant proceeds for his family and for children in need."

"People who have seen this footage are astounded by the amazing quality of Michael Jackson's performance," said Lynton. "This historic recording of the last time he sang and danced on stage shows the legendary artist in an incredibly powerful way, with crystal clear images and sound. We understand the importance of producing a film that pays tribute to Michael as an artist, and are honored to work with the Estate of Michael Jackson to give audiences the gift of his final performances. I know this film will serve as further proof that Michael Jackson is one of the greatest entertainers who ever graced a stage."

"Michael lives on through his songs, his creative genius, his body of work and his passion for his art," said Rob Stringer. "He was a perfectionist on stage and through this unique film, audiences will be able to see, many for the first time, how much Michael poured into making his performances as special as they were perfect."

Said Kenny Ortega, director of and Jackson's creative partner on the This Is It concert, "The world will see what our team was so fortunate to experience, which was the full commitment, passion and creativity that Michael put into this project. He was the architect of This Is It, and we were his builders. The footage that was captured from the early stages of the production to our technical rehearsals at the STAPLES Center in L.A. will show Michael as he truly was, creatively involved with every aspect of the production, from the staging and choreography, to the music, lighting, production design and conception of the original short films and video backdrops. It will also show Michael as one of the greatest entertainers in the world and one of the industry's most creative minds. This Is It was Michael's last theatrical work and although it was still a work in progress, I think the footage will show that the process was something that Michael deeply enjoyed and that it was clear that he was on his way to another theatrical triumph."

In the coming weeks, additional information about the film will be available here.

Peter Schlessel, President of Worldwide Affairs, negotiated for the footage on behalf of Sony Pictures. Branca represented The Estate of Michael Jackson.

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