Los Angeles, CA -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) is pleased to announce that David Gajda has returned to Cinedigm as Chairman of Cinedigm Software. In this advisory role, Gajda will work alongside Jim Miller, President of Cinedigm Software, to enhance and expand the Company's vision and strategic direction in developing the next generation of software products and services.
A well-known and respected leader in the entertainment technology sector, Gajda has helped many of the top entertainment companies, including Sony Pictures, MGM Studios, EMI Music, Universal Music, and others, develop long term technology strategies. Gajda was a co-founder of Hollywood Software (which was acquired by Cinedigm in 2003).
"David is one of the most innovative executives in the entertainment software business and we are pleased to have him back," said Chris McGurk, Chairman and Chief Executive Officer of Cinedigm. "He is the latest in a string of strong additions to our leadership team, including Peter Brown, former Chairman of AMC Entertainment, joining our Board and the investment and Board participation of Sageview Capital LP. We are poised for the next phase of Cinedigm's evolution, which includes an increased international focus, as well as identifying business development opportunities, partnerships and potential acquisitions in the entertainment software arena. David is the perfect addition to help us achieve our growth objectives in these areas."
"I'm glad to be back at a time when the industry has achieved critical mass with digital cinema installations and is now able to take advantage of the technology innovations and cost saving opportunities from the platform that Cinedigm has been developing," said Gajda.
On the international front, Cinedigm Software has already had tremendous success, including securing a multi-year contract for its end-to-end booking, delivery, information and theatre management software platform to serve as the backbone of an India-based media exchange project. Additionally, Cinedigm is currently engaged in numerous pilot programs to license its Theatre Command Center ("TCC") software in five countries throughout the world as part of an overall global expansion strategy.
Domestically, Cinedigm Software has added several new theatrical distribution software customers and is deploying TCC software on over 1,700 screens.
Other products from Cinedigm Software include:
o RTS: software solution for owners and licensees of IP to manage rights, licensing and royalties
o TDS: software to plan and manage movie releases, operational workflow and accounts receivable for movie distributors
o EMS: software solution for movie exhibitors to manage movie bookings, cinema revenues and film rental payments
o TCC: software to manage in-theatre digital cinema operations
o Enterprise: software to consolidate data and operations of digital theatres using TCC