Hong Kong -- GDC Technology ("GDC"), a world leading digital cinema solution provider, is pleased to announce a new milestone has been reached today whereby GDC has successfully delivered more than 6500 digital cinema servers worldwide, serving customers with the highest quality digital cinema solutions.

Founded more than 11 years ago, GDC is the "oldest" digital cinema server manufacturer in the industry. "Having more than a decade's experience in this industry, coupled with the largest fleet of service engineers worldwide, allows us to develop the most useful digital cinema technology that not only fulfills, but exceeds our customers' expectation," said Dr Man-Nang Chong, founder and CEO of GDC Technology.

GDC also achieved record orders from America this year, with close to 2500 servers delivered to customers in the US, Canada and Latin America despite having only started marketing campaign in the US in early 2009. One explanation for GDC's recent gain in market share is probably the fact that the company almost stands alone in the provision of quality and effective digital cinema server technology that truly addresses the business needs of cinema exhibitors. To date GDC is one of the three server manufacturers that have been awarded with FIPS 140 certificate needed to be compliant with DCI specifications. This award ensures the cryptographic modules (which include both hardware and software) in digital cinema servers are secured enough (for the content) against attacks.

On top of GDC's fast rising sales, there is also exciting news coming from its China operation in that GDC is expanding its presence in China with the launch of a new China headquarters next month. GDC has built the state-of-the-art Network Operations Center ("NOC") in Shenzhen, China to support and significantly expand its services. The NOC can support and monitor more than 10,000 digital cinema screens simultaneously, creating a nationwide network that allows GDC to continuously strengthen its industry knowledge and provide its customers the highest quality maintenance services.

"None of these successes would have been possible without the support from our truly valued customers and dedicated staff," said Dr Man-Nang Chong, founder and CEO of GDC Technology. "This milestone demonstrates our continual growth to which I owe great appreciation to our customers and employees. Ensuring GDC always meet industry requirements is just one way I intend to provide our customers with the best possible digital cinema technology; and with the largest NOC of its kind in China, our high quality standards will be even more evident in all aspects of GDC's business, from production to services."

 

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Los Angeles, CA -- IMAX Corporation (NASDAQ: IMAX; TSX: IMX) and Warner Bros. Pictures today announced that Harry Potter and the Deathly Hallows: Part I, posted strong second weekend results, generating $5.4 million in domestic box office on 239 IMAX screens over three days from Friday, November 26 through Sunday November 28. The film's overall three-day domestic gross box office was $50.3 million. Internationally, the IMAX release generated a three-day total of $2.6 million on 108 screens, for a total second weekend performance of approximately $8.0 million. IMAX's total worldwide box office to date for the film is approximately $31 million.

"The continued strength of this film, which is playing on more IMAX screens globally than any other IMAX release before it, demonstrates that whether the film is in 2D or 3D, consumers continue to want to experience blockbuster movies in IMAX," said Richard L. Gelfond, CEO, IMAX Corporation. "The film will continue to open on additional IMAX screens worldwide, and we're optimistic that the unique experience of Harry Potter in IMAX will appeal to audiences well into the holiday season."

"Our expanded IMAX network has enabled us to help fuel another fantastic weekend," added Greg Foster, Chairman and President, IMAX Filmed Entertainment. "We're particularly pleased with the performance overseas, where the film's momentum is holding very well in markets such as China, Japan, Holland and the UK. We also had a very strong opening in France, where the film played exclusively in IMAX theatres the two days prior to its conventional release. The strong legs demonstrated this weekend in both domestic and international markets bodes well for the weeks ahead."

International Highlights to date include:

- Japan - over $187,500 per IMAX screen average
- China - $76,500 per IMAX screen average
- Holland - $141,000 per IMAX screen average
- France - $117,000 per IMAX screen average

Harry Potter and the Deathly Hallows: Part I: The IMAX Experience has been digitally re-mastered into the image and sound quality of The IMAX Experience® with proprietary IMAX DMR® (Digital Re-mastering) technology for presentation in IMAX®. The crystal-clear images, coupled with IMAX's customized theatre geometry and powerful digital audio, create a unique immersive environment that will make audiences feel as if they are in the movie.

 

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Kansas City, Missouri -- AMC Entertainment Inc. ("AMC" or the "Company") announced today that it is proposing to issue $600 million aggregate principal amount of senior subordinated notes due 2020 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

The Company intends to use a portion of the net proceeds from this private offering to purchase the Company's outstanding $325.0 million aggregate principal amount of 11% Senior Subordinated Notes due 2016 (the "2016 Senior Subordinated Notes") that are tendered pursuant to a cash tender offer and consent solicitation also announced by the Company today and to pay the consent fees in connection with such cash tender offer and consent solicitation. The Company intends to distribute the remainder of such proceeds to its parent, Marquee Holdings Inc. ("Marquee"), to be applied to Marquee's cash tender offer and consent solicitation announced today regarding Marquee's outstanding $240.8 million aggregate principal amount of 12% Senior Discount Notes due 2014 (the "2014 Marquee Notes"). In addition, the Company intends to redeem any of the 2016 Senior Subordinated Notes that remain outstanding after the consummation of the cash tender offer and consent solicitation on or after February 1, 2011 in accordance with the terms of the indenture governing the 2016 Senior Subordinated Notes, as amended pursuant to the consent solicitation. Marquee also intends to redeem any of the 2014 Marquee Notes that remain outstanding after the consummation of the cash tender offer and consent solicitation in accordance with the terms of the indenture governing the 2014 Marquee Notes, as amended pursuant to the consent solicitation.

The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States only to non-U.S. persons pursuant to Regulation S. The Notes will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

 

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justinbiebernews.pngSource: THR

Even though Justin Bieber: Never Say Never doesn't open until February 11, die-hard fans are already scooping up tickets. Paramount has announced that 26,000 of 100,000 tickets available for a November 9 screening have already been sold. These enthusiastic fans receive Never Say Never 3D glasses, a branded glow stick and bracelet and a souvenir lanyard for their efforts.

Many in the industry feel that Never Say Never will have no problem being a bigger force at the box office than Miley Cryus/Hannah Montana: The Best of Both Worlds, which raked in more than $65 million in 2008.

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BEVERLY HILLS, Calif. -- Netflix, Inc. (Nasdaq: NFLX) and FilmDistrict, a multi-faceted acquisition, distribution, production, and financing company, today announced a multi-year agreement through which first-run, theatrically-released films distributed by FilmDistrict will be licensed to Netflix for streaming over the Internet in the "pay TV window" a few months after their release on DVD.

Under the deal, major motion pictures that traditionally would have been licensed to premium cable channels will flow instead from FilmDistrict to Netflix for streaming to its members, beginning in 2011.

Among the first films to be covered under the deal are "Drive," director Nicolas Winding Refn's adaptation of the James Sallis' crime tale starring the Academy Award®-nominated duo Ryan Gosling and Carey Mulligan, and the sci-fi action adventure film "Lockout," starring Guy Pearce and Maggie Grace, produced and co-written by Luc Besson, and co-directed by James Mather and Stephen St. Leger.

Broadening the variety and timeliness of content available for Netflix members to watch instantly is among the company's highest priorities as it rapidly transforms itself into a service focused on streaming movies and TV shows over the Internet.

FilmDistrict was created earlier this year by Oscar®-winning producer Graham King and his business partners Tim Headington and Peter Schlessel, who became FilmDistrict's CEO. Recently, film industry veterans Bob Berney and Adrian Alperovich joined FilmDistrict as president of film distribution and president of acquisitions and operations, respectively.

Said Ted Sarandos, chief content officer for Netflix: "Netflix has a long and successful history working with Peter Schlessel and Bob Berney, and I have long admired Graham King's amazing production success with movies like 'The Departed' and 'Blood Diamond,' which are among the most watched and highly rated movies of all time by Netflix members. We are thrilled to be in business with these proven tastemakers and entertainment business leaders."

"We are very excited about this new relationship with Netflix," said Mr. Alperovich. "The innovative and flexible entrepreneurial spirit they have demonstrated makes them a perfect partner for us as we build FilmDistrict into a strong independent distributor."

"Netflix has strategically developed a bold business model and they love movies," added Mr. Berney. "They have cultivated a loyal audience that gives FilmDistrict great opportunities for growth."

 

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