SANTA MONICA, Calif. and VANCOUVER, British Columbia -- Lionsgate (NYSE: LGF) today issued the following statement in response to the decision by the Supreme Court of the State of New York to deny the preliminary injunction sought by the Icahn Group regarding the Company's deleveraging transaction on July 20, 2010:

Lionsgate is pleased that the Supreme Court of the State of New York has denied the Icahn Group's motion for a preliminary injunction regarding the Company's deleveraging transaction. The Company believes that the transaction, which resulted in the reduction of Lionsgate's debt by approximately $100 million, supported the best interests of the Company and its shareholders.

Lionsgate noted that, as a result of the decision, Dr. Rachesky will be permitted to vote all of his shares at the Company's 2010 Annual General Meeting of Shareholders.

The Lionsgate Board of Directors encourages all shareholders to vote FOR the Company's highly-qualified director nominees on the BLUE proxy card today and to discard any proxy materials shareholders may receive from the Icahn Group. Since time is short, please vote the BLUE proxy card by phone or internet.

Lionsgate's 2010 Annual General Meeting of Shareholders is scheduled for Tuesday, December 14, 2010 at 10:00 a.m. PT in Los Angeles, California. Lionsgate shareholders of record as of 5:00 p.m. ET on November 12, 2010 will be entitled to vote at the Meeting.

 

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tronlegacy.pngLos Angeles, CA -- IMAX Corporation (NASDAQ: IMAX; TSX: IMX) and The Walt Disney Studios announced today that the IMAX release of TRON: Legacy, a 3D high-tech adventure about a father and son who embark on a life-and-death journey across a visually stunning cyber universe, features more than 43 minutes of footage specifically designed to take advantage of the premium IMAX Experience®. Seven sequences on The Grid expand on the IMAX screen, thereby allowing audiences to become even more immersed in the massive scope and scale of TRON: Legacy, only in IMAX® 3D.

The film has been digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience through proprietary IMAX® DMR technology. With crystal-clear images, laser-aligned digital sound and maximized field of view, IMAX provides the world's most immersive movie experience.

TRON: Legacy will be released to IMAX theatres simultaneously with the film's wide release next Friday, December 17th. The film will open on 234 IMAX 3D screens domestically and on at least 101 IMAX screens internationally, 55 of which will open next Friday, with the other runs debuting over the following weeks. Additional international playdates are expected to be booked in coming days.

 

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SANTA MONICA, Calif. -- Miramax today announced that Michael Lang has been appointed chief executive officer, effective immediately. Lang will be based at the new Miramax headquarters in Santa Monica and will oversee the renowned Miramax film library, which was acquired by Filmyard Holdings on December 3, 2010.

"I have known and worked closely with Mike for almost 20 years and have always respected his talents," said Richard Nanula, chairman of Miramax and a principal at Colony Capital. "We are confident that he is the right person to lead Miramax in its next phase of growth."

"I have always admired the Miramax library, which includes many respected titles and award-winning films," said Lang. "Based on the quality of these assets, I believe bringing new life to this library -- by working with traditional and new partners - will be an exciting and unprecedented story of growth and innovation. I am honored by this opportunity, and I look forward to working with my partners as we build a new kind of media company."

Lang, 45, most recently served as a consultant to Filmyard in its acquisition of Miramax. Prior to that, he was EVP, Business Development and Strategy at Fox Entertainment, responsible for strategic initiatives across News Corp's entertainment assets, including Fox's film studio, broadcast network, sports and cable channels. Lang played key roles in the acquisition of MySpace and the formation of the MySpace Music joint venture, and he led the creation of Hulu, with major broadcast partners. In addition, Lang was involved in Fox's mobile, digital and video game initiatives. He joined Fox in 2004.

Prior to Fox, Lang served as a consultant on media-related investments. In the late '90s, he was a founding executive of Z.com. Lang began his career at The Walt Disney Company in Strategic Planning. Lang earned his MBA with high distinction at Harvard Business School and he holds a Bachelor of Arts degree from Claremont McKenna College.

 

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CINEASIA, Hong Kong -- GDC Technology ("GDC"), a world leading digital cinema solution provider, is pleased to announce today the signing of a digital cinema server contract with Shandong Luxin Cinema ("Luxin Cinema"), adding a new member to its ever expanding customer base in China. Installation has begun in September and it is expected to be completed by 2011, involving a total of 120 units of GDC SX-2001A digital cinema server. Luxin Cinema has opted to use exclusively GDC servers for its digital conversion and new builds.

Luxin Cinema was founded in Jinan, Shandong Province on June 1, 2007; and subsequently, on September 1 the same year, its first modern cinema in Shandong - The Provincial Sport Center Cinema, was opened for business. Luxin Cinema has since swiftly emerged as a premier cinema chain operator across China, committed to offering moviegoers the best cinematic experience in the comforts of a modern cinema equipped with the latest digital cinema technology. Luxin Cinema's current business strategy is to identify key locations within the Shandong province and progressively build up its network of cinemas within the province, with the ultimate goal of becoming the leading cinema chain in Shandong. Luxin Cinema has also started work to build cinema complexes in Beijing, Chengdu, Xian, as well as Tianjin, and aims to build itself up as a well known national brand of strong Shandong cultural heritage and influence. It is expected that by 2015, Luxin Cinema will have around 70 multiplexes nationwide.
"This is the first time we venture into digital conversion for our entire chain of cinemas. After carrying out rigorous tests on similar products in the market, we found that GDC's digital cinema server really stands out in its quality, performance, and user friendliness. We are convinced that GDC server is what we have been looking for, a quality product incorporating the best digital cinema technology," said Mr. Liu Wenjun, CTO of Luxin Cinema. "With its superior technological edge and vast experience in digital cinema, GDC is a clear leader in the market and a well trusted brand. We believe GDC is our best working partner to map out our digital strategy and ultimately help Luxin Cinema realize its goal to become a Shandong-based nationwide premier cinema circuit."

"GDC is delighted to win Luxin Cinema's exclusive contract," said Dr Man-Nang Chong, founder and CEO of GDC Technology. "GDC's hard work and dedication to providing quality products and services have begun to pay off in the growing digital cinema market. We continue to strive for better services and more advance digital cinema technology for our growing list of customers."

 

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