It facilitates the funding, installation support and administration for the company's studio-supported Digital Cinema rollout plans.
Such theatres are fully networked, turnkey systems - simple and cost-efficient to operate.Cinedigm's Digital Cinema division is the industry-leading deployment program for Digital Cinema. In the current Phase 2, Cinedigm has signed contracts with 70 exhibitors to deploy 3,200 screens. In Phase 1, Cinedigm deployed 3,724 screens at 348 sites for 18 exhibitors in the United States.
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"We are delighted to extend that partnership with Cinedigm's digital cinema services where Santikos can benefit even further with programming flexibility, audience experience and enhanced business information management services from our Software division."Since the beginning of digital conversions, Cinedigm has been the leader in digital cinema.
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Cinedigm has also released the KIDTOONS series for the past six years, a weekly family friendly matinee series that runs in over 165 theatres across the country."Santikos has been a great Cinedigm partner since 2008 with our UniqueScreen Media advertising division," said Chuck Goldwater, President, Cinedigm's Media Services Group. Recent releases by Cinedigm include the ground-breaking, worldwide LIVE 3D broadcast of the FIFA World Cup Championship, the BCS Championship in LIVE 3D, the Dave Matthews Band 3D concerts, and the sold out 3D PHISH concerts. "We are thrilled that this agreement will allow us to continue our partnership with Cinedigm well into the future."With Cinedigm's turnkey suite of digital cinema technologies, Santikos will now be able to offer consumers all-new digital entertainment options, including high quality live and alternative content programming. Utilizing Barco digital cinema projectors & GDC servers the installations are anticipated to be completed within the next month as many of the theatres have already been converted to digital."CINEDIGM's digital cinema installations will provide an enhanced entertainment experience for our customers, including 3D movies, live sports and concerts," said John Santikos, founder and President of Santikos Theatres. (NASDAQ: CIDM - News), the global leader in digital cinema, today announced the deployment of 98 Cinedigm-Certified™ screens across 8 existing Santikos Theatres locations in Texas. MORRISTOWN, NJ and LOS ANGELES, CA-(Marketwire - 03/29/11) - Cinedigm Digital Cinema Corp.
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