AUCKLAND -- Vista Entertainment Solutions has been awarded NZ$1.24 million to help achieve the company's ambitious growth plans. One of the main targets for Vista is the United States, where it has recently opened a new office. Vista currently has less than 1% of the US market and is looking to expand this to be in line with its global market share of 15% within 3 years.

Vista also plans to grow beyond the 50 countries to which it currently exports its leading edge cinema software technology.

The investment is part of the Government's new Technology Development Fund. The fund is driven by the Foundation for Research, Science and Technology and is one of the flagship business assistance funds announced in the 2010 May Budget to boost business R&D. It is one of the investment products under TechNZ, the Foundation's business investment programme.

Vista CEO, Murray Holdaway, said: "We plan to use these funds to help us to continue to be the market leaders and ultimately sign up more cinemas in the U.S. as well as China, amongst other regions. We already have a world leading product, this grant will enable us to continue to develop and deliver world class products that truly set us apart from our competitors."

"The companies were chosen as those that would benefit from extra research and development funding and those that could develop market share abroad by showing the world the quality of New Zealand's high-tech export products and services."

The criteria were firms that have a good track record in research and development and which spend a significant proportion of their revenue on R&D. Other companies chosen include Orion, Fisher and Paykel and Weta Digital.

Dr Richard Templer, acting Chief Executive, Foundation for Research, Science and Technology, says that Vista Entertainment Solutions is a leading Kiwi technology business and a front runner in R&D:

"TechNZ's support will ensure Vista Entertainment Solutions can just keep on doing what they are good at-developing innovative technology solutions that are in global demand," Dr Templer says.

 

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Paris, France and Liège, Belgium -- SmartJog, a digital delivery service provider, and XDC, a digital cinema deployment company, announced today that the SmartJog service is currently being deployed in 100 cinemas under contract with XDC. The service, SmartJog's digital cinema library solution, enables all cinemas to be connected to the SmartJog network as well as provides cinemas with a storage library for DCPs (Digital Cinema Packages). This is the largest order ever received by SmartJog from a single client and the deployment in theatres in Southern Europe and Austria is already underway.

XDC will handle the installation and first tier of support with local Exhibitors, while SmartJog will provide the end-to-end service including the hardware and software solution in cinemas, permanent optimized satellite capacity, supervision and additional support to XDC.

The deployment is in progress in Portugal and in Belgium, and XDC plans to deploy the SmartJog services to additional cinemas within the next 2 years, which will mean an additional 200 cinemas connected to the SmartJog network. Under the terms of the agreement, XDC will also use SmartJog for the delivery of DCPs, and SmartJog will use the XDC Digital Content Lab for joint mastering and electronic delivery services, as well as to supply a fast emergency recovery support.
"We have selected the SmartJog library to equip the XDC sites because SmartJog offers with its robust solution for the electronic satellite distribution, a Library Management System for DCP storage. The SmartJog library is fully integrated with our TMS, the CineStore Plaza. This enables full installation in technical room, avoiding useless duplication of equipment" says, Thierry Van der Kaa, VP Information Systems & Operations for XDC.

"As we continue to expand our digital cinema roll-out in Europe, we're happy to expand our footprint to interconnect all the mastering facilities, distributors, and cinema chains. XDC is a key player in the digital cinema industry and we are excited to extend our agreement and provide a complete solution for Exhibitors," says Nicolas Dussert, Director of Theatrical Sales for SmartJog.
Currently, SmartJog has around 300 cinemas and more than 1300 digital screens connected to its network in Europe.

 

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Beverly Hills, CA -- Forty-one songs from eligible feature-length motion pictures are in contention for nominations in the Original Song category for the 83rd Academy Awards®, the Academy of Motion Picture Arts and Sciences announced today.

The original songs, along with the motion picture in which each song is featured, are listed below in alphabetical order by film and song title:

* "Alice" from "Alice in Wonderland"
* "Forever One Love" from "Black Tulip"
* "Freedom Song" from "Black Tulip"
* "Bound to You" from "Burlesque"
* "Welcome to Burlesque" from "Burlesque"
* "You Haven't Seen the Last of Me" from "Burlesque"
* "There's a Place for Us" from "The Chronicles of Narnia: The Voyage of the Dawn Treader"
* "Coming Home" from "Country Strong"
* "Me and Tennessee" from "Country Strong"
* "Despicable Me" from "Despicable Me"
* "Prettiest Girls" from "Despicable Me"
* "Dear Laughing Doubters" from "Dinner for Schmucks"
* "Better Days" from "Eat Pray Love"
* "If You Run" from "Going the Distance"
* "Darkness before the Dawn" from "Holy Rollers"
* "Sticks & Stones" from "How to Train Your Dragon"
* "Le Gris" from "Idiots and Angels"
* "Chanson Illusionist" from "The Illusionist"
* "Never Say Never" from "The Karate Kid"
* "To the Sky" from "Legend of the Guardians: The Owls of Ga'Hoole"
* "What If" from "Letters to Juliet"
* "Life during Wartime" from "Life during Wartime"
* "Made in Dagenham" from "Made in Dagenham"
* "Little One" from "Mother and Child"
* "Be the One" from "The Next Three Days"
* "If I Rise" from "127 Hours"
* "When You See Forever" from "The Perfect Game"
* "I Remain" from "Prince of Persia: The Sands of Time"
* "Dream Big" from "Pure Country 2: The Gift"
* "How I Love You" from "Ramona and Beezus"
* "Darling I Do" from "Shrek Forever After"
* "Noka Oi" from "Six Days in Paradise"
* "This Is a Low" from "Tamara Drewe"
* "I See the Light" from "Tangled"
* "Rise" from "3 Billion and Counting"
* "We Belong Together" from "Toy Story 3"
* "Eclipse: All Yours" from "The Twilight Saga: Eclipse"
* "Nothing" from "Tyler Perry's Why Did I Get Married Too"
* "A Better Life" from "Unbeaten"
* "Shine" from "Waiting for ‘Superman'"
* "The Reasons Why" from "Wretches & Jabberers"

On Thursday, January 6, the Academy will screen clips featuring each song, in random order, for voting members of the Music Branch in Los Angeles. Following the screenings, members will determine the nominees by an averaged point system vote. If no song receives an average score of 8.25 or more, there will be no nominees in the category. If only one song achieves that score, it and the song receiving the next highest score shall be the two nominees. If two or more songs (up to five) achieve that score, they shall be the nominees. A DVD copy of the song clips will be made available to those branch members who are unable to attend the screening and who request it for home viewing. A mail-in ballot will be provided.

Under Academy rules, a maximum of two songs may be nominated from any one film. If more than two songs from a film are in contention, the two songs with the most votes will be the nominees.

To be eligible, a song must consist of words and music, both of which are original and written specifically for the film. A clearly audible, intelligible, substantive rendition of both lyric and melody must be used in the body of the film or as the first music cue in the end credits.

The 83rd Academy Awards nominations will be announced live on Tuesday, January 25, 2011, at 5:30 a.m. PT in the Academy's Samuel Goldwyn Theater.

Academy Awards for outstanding film achievements of 2010 will be presented on Sunday, February 27, 2011, at the Kodak Theatre at Hollywood & Highland Center®, and televised live by the ABC Television Network. The Oscar presentation also will be televised live in more than 200 countries worldwide.

 

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Kansas City, Mo. -- Pursuant to its previously announced tender offer and consent solicitation ("the AMC Tender Offer"), AMC Entertainment Inc. ("AMC" or the "Company") received tenders and consents from the holders of $95,098,000, or approximately 29%, of its outstanding 11% Senior Subordinated Notes due 2016 (the "2016 Senior Subordinated Notes") by the expiration of the consent payment deadline, December 14, at 5:00 p.m. New York City time (the "Consent Date"). The consents received have not yet exceeded the number needed to approve the proposed amendments to the indenture under which the 2016 Senior Subordinated Notes were issued (the "AMC Indenture"); however, the Company has now waived the condition to the AMC Tender Offer that the required consents to approve such amendment be received. In addition, pursuant to its previously announced tender offer and consent solicitation (the "Marquee Tender Offer" and, together with the AMC Tender Offer, the "Tender Offers"), the Company's parent, Marquee Holdings Inc. ("Marquee") received tenders and consents from the holders of $215,486,000 face amount (or $170,684,306 accreted value), or approximately 71%, of its outstanding 12% Senior Discount Notes due 2014 (the "2014 Marquee Notes" and, together with the 2016 Senior Subordinated Notes, the "Notes") by the expiration of the consent payment deadline on the Consent Date. The consents received exceeded the number needed to approve the proposed amendments to the indenture under which the 2014 Marquee Notes were issued (the "Marquee Indenture" and, together with the AMC Indenture, the "Indentures"). The terms of the Tender Offers are detailed in AMC's and Marquee's Offer to Purchase and Consent Solicitation Statement dated December 1, 2010 (the "Offer to Purchase").

Under the terms of the AMC Tender Offer, holders of the 2016 Senior Subordinated Notes who tendered on or prior to the Consent Date will receive $1,031.00 per $1,000.00 in principal amount of the 2016 Senior Subordinated Notes validly tendered plus a consent payment of $30.00 per $1,000.00 in principal amount of the 2016 Senior Subordinated Notes validly tendered. Holders who tender after the Consent Date will receive $1,031.00 per $1,000 in principal amount of the 2016 Senior Subordinated Notes validly tendered. Under the terms of the Marquee Tender Offer, holders of the 2014 Marquee Notes who tendered on or prior to the Consent Date will receive $797.00 per $1,000.00 face amount (or $792.09 accreted value) of the 2014 Marquee Notes validly tendered plus a consent payment of $30.00 per $1,000.00 face amount (or $792.09 accreted value) of the 2014 Marquee Notes validly tendered. Holders who tender after the Consent Date will receive $797.00 per $1,000.00 face amount (or $792.09 accreted value) of the 2014 Marquee Notes validly tendered. The Tender Offers will expire at midnight, New York City time, on December 29, 2010, unless either Tender Offer is extended or earlier terminated. The Company intends to redeem any 2016 Senior Subordinated Notes that remain outstanding after the consummation of the AMC Tender Offer at a price of $1,055.00 per $1,000.00 principal amount of 2016 Senior Subordinated Notes as promptly as practicable after February 1, 2011 in accordance with the terms of the AMC Indenture. Marquee intends to redeem any 2014 Marquee Notes that remain outstanding after the consummation of the Marquee Tender Offer at a price of $823.77 per $1,000.00 face amount (or $792.09 accreted value) of 2014 Marquee Notes in accordance with the terms of the Marquee Indenture, as amended pursuant to the applicable proposed amendments.

Based on the consents received, Marquee and the trustee under the Marquee Indenture are expected to enter into a supplemental indenture that will, once operative, eliminate substantially all of the restrictive covenants and certain events of default and reduce the required notice period contained in the optional redemption provisions of the Marquee Indenture. The supplemental indenture is expected to become operative following the expiration date of the Marquee Tender Offer upon payment for 2014 Marquee Notes tendered on or prior to the expiration date and accepted for purchase by Marquee pursuant to the Marquee Tender Offer.

Requests for documents relating to the Tender Offers and Consent Solicitations may be directed to Global Bondholder Services Corp., the Information Agent, at (866) 470-4500 or (212) 430-3774. Goldman, Sachs & Co. will act as Dealer Manager and Solicitation Agent for the Tender Offers and the Consent Solicitations. Questions regarding the Tender Offers and Consent Solicitations may be directed to Goldman, Sachs & Co. at (800) 828-3182 and (212) 855-9063.

This press release is not an offer to purchase or the solicitation of consents with respect to the Notes. The Tender Offers and the related Consent Solicitations are only being made pursuant to the Offer to Purchase and the related Letter of Transmittal and Consent.

 

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