Sterling, Virginia -- GDC Technology ("GDC"), a world leading digital cinema solution provider, is pleased to announce it has been selected by B&B Theatres for its digital cinema conversion program. B&B Theatres brings their 205 screens to the program and plans for a complete deployment over the next 24 months whereby Sonic Equipment Company will be providing the equipment, technical support, and installation services.
Founded in 1924, B&B Theatres is a family owned and operated company specializing in the operation of cinemas within medium sized cities in the Midwest. B&B Theatres is currently ranked as the 25th largest theatre company in the US and operates 200 screens throughout Florida, Kansas, Missouri, and Oklahoma. "I am pleased with our decision to use GDC servers as we move forward with the complete digital transformation of our company," said Bob Bagby, president of B&B Theaters. "We have found the servers to be extremely reliable and look forward to installing this great product in all of our new digital installs."
Since its founding in the early 1970's, Kansas-based Sonic Equipment Company has been a cinema solution provider servicing customers across the Midwest from Ohio to Texas. In recent years, Sonic has become the choice integrator of digital cinema for many independent exhibitors, offering a full range of products and services that include equipment selection, system installation, maintenance packages as well as financing. "There was no hesitation when recommending that B&B Theatres utilize GDC cinema servers for the digital conversion of the entire B&B circuit," said Steve Zimmerman, Sonic's director of business management. "The quality of the product and continued support provided by GDC made this an easy choice to make."
"Sonic's digital cinema package offers great flexibility that really meets the business needs of independent theatre operators and we are happy to say that our partnership with Sonic has been delivering great results for exhibitors from day one," said Dr. Man-Nang CHONG, founder and CEO of GDC Technology. "GDC is pleased to welcome B&B Theatres into our rapidly expanding family of GDC server users in the US. With more 3D releases coming out of Hollywood and customer demand for a high quality viewing experience, cinema operators are ready to embrace the digital wave. GDC and Sonic look forward to working with more theatre operators in the US to bring the best digital experience to their audiences."
James L. Brooks is having a tough time finding a title he's happy with for his new comedy. The project stars Owen Wilson, Reese Witherspoon, Paul Rudd and Jack Nicholson. Formerly called How Do You Know (yes, without a question mark), Brooks is now labeling the project Everything You've Got, which refers to a line of dialogue delivered by Witherspoon. Still, the director tells the Vulture blog that, "... there might actually be a third title coming soon."
Everything You've Got will hit theaters on December 17.
Disney is sending out The Muppets on December 25, 2011. The new project comes from a script by Jason Segel and Nicholas Stoller (director of Get Him to the Greek). Segel will also star.
Steven Spielberg's The Adventures of Tintin: Secret of the Unicorn and Cameron Crowe's We Bought a Zoo are slated to open on December 23, so The Muppets will enter a crowded marketplace.
Tackling The Muppets certainly represents a change of pace for both Segel and Stellar considering that both men have found success with raunchy, R-rated comedies such as Forgetting Sarah Marshall, I Love You, Man and Get Him to the Greek.
COLUMBUS, Ga.-- Carmike Cinemas, Inc. (NASDAQ: CKEC), today announced that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Under the shelf registration, upon being declared effective by the SEC, the Company may sell, from time to time, up to $175 million of its common stock, debt securities, depositary shares, preferred stock and/or warrants, either individually or in units, in one or more offerings.
The shelf registration statement is intended to provide Carmike Cinemas with flexibility to access additional capital when market conditions are appropriate. However, the Company does not currently have any commitments to sell securities. The terms of any offering under the registration statement will be established at the time of the offering. Unless otherwise described in a prospectus supplement filed at the time of an offering, the net proceeds from the sale of any securities will be used for general corporate purposes, which may include the repayment of debt, acquisitions, capital expenditures and additions to working capital.
The registration statement relating to these securities was filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy the securities be accepted prior to the time the registration statement becomes effective. This news announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of the securities will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering. A copy of the prospectus included in the registration statement may be obtained on the SEC's website.