Paris, France & Hollywood, Calif. -- Technicolor (Euronext Paris: FR0010918292; NYSE: TCH) today announced it has entered into an agreement with Marcus Theatres® to install Technicolor 3D, the 35mm film-based 3D system, on 15 screens at select theatre locations.

The Technicolor 3D system utilizes a next-generation 3D projector lens and film prints created with patent-pending digital processes which optimize the motion picture image for 35mm 3D projection.

Headquartered in Milwaukee, Wisconsin, Marcus Theatres is the sixth largest movie theatre circuit in the United States. Marcus Theatres currently owns or manages 684 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio.

"Technicolor has been an outstanding partner to both distributors and exhibitors for almost a century, providing essential services and technology. And now once again, Technicolor is providing an inexpensive, alternative 3D solution to facilitate the installation and exhibition of 3D in theatre locations not quite ready for digital," noted Bruce J. Olson, President of Marcus Theatres.

"For 75 years Marcus Theatres has been an industry leader in delivering high-quality presentations and the latest innovations," said Joe Berchtold, President of Technicolor's Creative Services division. "We're proud that Marcus Theatres has selected Technicolor 3D to bring the 3D experience to its customers."

Technicolor 3D is currently installed on more than 300 screens in North America, and has recently launched internationally in the United Kingdom, Germany, Italy, Spain, and Japan. The format was initially launched in theatres in March 2010. To date, nine films have been released in the format, including features from DreamWorks Animation, Lionsgate, Paramount Pictures, Universal Pictures, Warner Bros., and The Weinstein Company. Upcoming titles planned for release in the Technicolor 3D format include Jackass 3D, Saw 3D, Megamind, and Yogi Bear.

 

Read more

ORLANDO, FL -- Harkness Screens, the world's leading manufacturer of projection screens for cinema applications, will showcase its Digital Screen Selector at ShowEast 2010 (Booth 518).

Intended as an aid to theatre operators seeking to optimise their investment in digital cinema, the Digital Screen Selector can help to:
• Reduce operating costs for 2D
• Optimise light levels for both 2D and 3D

Available through the Harkness Screens website, the Digital Screen Selector has a user-friendly interface with no software download required and uses industry-accepted standards and vendor data to compare different operating scenarios. The Selector is intended to be a guide for theatre operators when consulting with projector, lamp, and 3D technology providers.

"We are very pleased to be able to offer our new Digital Screen Selector to cinema professionals around the world," says Andrew Robinson, managing director of Harkness Screens. "By answering a few quick questions about the screen size and equipment being used in a particular theatre, the Selector suggests Harkness screen options to optimise performance and cost."

Harkness' Perlux® gain screens reduce digital cinema projector brightness requirements significantly relative to matt white screens, enabling the use of smaller lamps that are cheaper, last longer, consume less power, roughly halving operating costs. Additionally, if the screen is considered at the same time as the projector investment, a smaller (and cheaper) projector can be an option.

For new builds and digital retrofits, a Perlux® screen can pay for itself in under a year. For existing digital installations, a Perlux® replacement screen can pay for itself in just two years. Additionally, replacement screen implementations can be self-funding and deployment models can be prepared for the customer by a Harkness representative.

Gain screens can also be a "green" investment because they can help reduce theater energy consumption and can help exhibitors meet building codes for energy efficiency.

 

Read more

NEW YORK --

Carl C. Icahn released the following statement today:

"We are holders of significant positions in both Lions Gate stock and MGM debt. Today, Lions Gate has made a proposal to combine these two companies. We believe that this combination of Lions Gate and MGM would enhance value for all constituencies and we believe this proposal as submitted is far better for MGM holders than the current proposal to combine MGM with Spyglass. In addition, we also believe such a combination transaction would enhance the value of Lions Gate shares. However, we intend to continue to pursue our lawsuits regarding Lions Gate's recent dilutive transaction with Mark Rachesky. Whether or not we prevail in those lawsuits, we intend to continue to support a combination of Lions Gate and MGM. Our support for this combination is conditioned on the combined company having satisfactory corporate governance provisions."

 

Read more

LOS ANGELES, CA and MORRISTOWN, NJ -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) today issued an update on the state of the digital cinema industry in the United States and Canada.

James Cameron's "Avatar" prompted exhibitors to deploy digital 3D screens in late 2009, and the outsized success of that movie has prompted continued deployment on a global scale. At present, there are 12,802 digital screens in the U.S. and Canada, out of an estimated population of 39,000 screens*, representing a 65% uptick from this time last year.

Exhibitor interest in digital cinema is not limited to blockbuster 3D movies, however. Digital cinema enables exhibitors to turn their theatres into complex entertainment destinations, offering live sporting events (often in LIVE 3D), big-screen gaming, concerts, family friendly programming and much more.

"Live 3D sporting events, concerts in 3D, interactive gaming, greater numbers of independent films and other programmatic content - digital cinema opens up an entire world of entertainment options for networked digital theatres," said Adam M. Mizel, co-CEO, Cinedigm. "Cinedigm's digital cinema platform has helped drive the effort to reach this point, but much more is possible as the wave of digital cinema adoption rolls out across North America and the world. We've only just begun."

Cinedigm has served as a driving force in the exhibition industry's transition to digital. And resulting from Cinedigm's Phase One and Phase Two digital cinema deployment programs, Cinedigm has to date signed 57 exhibitors in the United States and Canada, comprising of more than 6,000 digital screens. Upon final installation, these screens will account for almost 50% of the total 12,802 digital screens in the United States and Canada*. Slightly more than half of all digital screens have the capability to show movies, events and other forms of alternative content in 3D.

Since launching the Phase Two digital cinema deployment program last year, Cinedigm has:
• Closed 26 Cinema Buying Group exhibitors, representing close to 800 screens
• Closed exhibitor buyer deals representing close to 1,600 screens
• Closed Cinedigm financed deals, representing almost 800 screens
• Installed approximately 1,200 additional digital screens

"We are pleased with and proud of our progress," said Gary S. Loffredo, co-CEO, Cinedigm. "We are experiencing increasing interest in our digital cinema deployment program and expect the momentum to lead to an expansion of our signed backlog and an increase in the number of digital cinema installations."

Like other successful technology innovators, Cinedigm provides a critical platform that combines the digital cinema projectors/servers they finance and install, with industry leading satellite, hard drive and now fiber/internet delivery platform, as well as Cinedigm software to make the whole platform work. Cinedigm then leverages this platform with innovative applications: alternative content and independent film marketing and distribution; software and data analytical applications and pre-show, web and kiosk based advertising.
* These figures do not include IMAX screens.

 

 

Read more

Subscribe to Articles Feed