TOKYO -- GDC Technology ("GDC"), a world leading digital cinema solution provider, in conjunction with its partner, USHIO Inc., is pleased to announce that it has reached a new agreement with Shochiku Co., Ltd. ("Shochiku"), under a VPF program to supply DCI-compliant digital cinema equipment to Shochiku Multiplex Theaters ("SMT"), a wholly owned subsidiary of Shochiku.
GDC currently holds the largest number of VPF agreements with the Hollywood Studios in Asia. Under the VPF program, participating studios will temporarily provide financial contributions towards the DCI-compliant digital equipment, thus exhibitors will greatly benefit from a reduced capital outlay and low risk. Deployment offered by GDC and USHIO under the VPF program is extremely favorable amongst exhibitors as it provides the highest quality products with the least capital expenditures. This agreement will involve the deployment of GDC servers and Christie projectors across Shochiku and SMT theatres totaling more than 200 screens.
USHIO, a pioneer in the light sourcing industry, was established in 1964 with a focus on lamps, now offers a large range of products, many of which boast the top market share in niche markets throughout the world. Possessing an abundance of unique optical technology, USHIO, through its subsidiary Xebex Inc., is a well established system integrator.
Founded in 1895, Shochiku currently possess 32 movie theatres and 305 screens (including joint ventures), establishing itself as a leading motion picture producer, distributor, and exhibitor in Japan. "We were excited to learn that GDC and USHIO are jointly offering this new VPF program," said Atsushi Nakajima, Managing director of Theatrical exhibition of Shochiku and CEO of SMT. "GDC and USHIO are the obvious choice for our digital cinema deployment. Based on their highly successful track record, we believe they can provide the highest quality products combined with reliable long-term services."
"We are delighted to expand our partnership with Ushio to provide digital cinema solution to Shochiku, which is a prestigious and oldest entertainment company found in 1895," said Dr. Man-Nang CHONG, founder and CEO of GDC Technology. "We are glad that more exhibitors are recognizing the benefits of GDC's VPF program. And we are confident that this collaboration will not only heighten the cinematic experience for moviegoers, but also ensure Shochiku is served with top quality and future proof digital cinema technology."