Cineplex Entertainment to Explore Digital Cinema with National CineMedia
31 Août 2006 - 9:28PM
Business Wire
Cineplex Entertainment (CGX.UN), Canada's largest motion picture
exhibition company, and National CineMedia LLC (NCM), a venture of
AMC Entertainment Inc., Cinemark USA, Inc. and Regal Entertainment
Group, have entered into an exclusive agreement wherein Cineplex
will be included in NCM's digital cinema technology design and
procurement initiative. Currently, NCM is in the process of
developing a digital cinema system design and acquisition program
that will address the functional requirements of exhibitors and
create efficiencies in the implementation of the system. Cineplex
will enter into this association for the purpose of investigating
implementation of a digital cinema in its theatres across Canada.
"Cineplex Entertainment strives to provide an exceptional
entertainment experience to our guests, and this arrangement is
mutually beneficial for investigating the implementation of digital
cinema in Canada," said Ellis Jacob, President and Chief Executive
Officer, Cineplex Entertainment. "We are looking forward to working
with NCM and what the future will bring for digital cinema."
"System interoperability will be the key to the successful
implementation of digital cinema in North America," said Tom
Galley, chief operations and technology officer of National
CineMedia. "As the largest exhibitor in Canada, Cineplex is a
significant addition to NCM's team as we work towards developing a
system that meets the technical and operational needs of exhibitors
and is interoperable across international borders." About National
CineMedia National CineMedia, LLC is a venture of AMC Entertainment
Inc., Cinemark USA, Inc. and Regal Entertainment Group (NYSE: RGC),
three of the world's leading theatrical exhibition companies. The
company develops pre feature entertainment; cinema and lobby
advertising products; comprehensive meeting and event services; and
alternative forms of entertainment content for distribution across
the approximately 13,000 screens operated by its owner theatre
circuits and other theatre affiliates. Over 11,000 of these screens
are part of NCM's Digital Content Network (DCN), one of the world's
largest in-theatre digital distribution networks. The network
provides content and advertising to 150 U.S. markets, including 49
of the top 50, reaching an estimated 525 million movie patrons
annually. For additional information, please go to www.ncm.com.
About Cineplex Entertainment LP: Cineplex Entertainment LP owns,
leases, or has a joint venture interest in 132 theatres with 1,301
screens and is the largest motion picture exhibitor in Canada.
Headquartered in Toronto, Canada, the Partnership operates theatres
with the following six top-tier brands: Cineplex Odeon, Galaxy and
Famous Players (including Coliseum, Colossus and SilverCity).
Proudly Canadian, the units of Cineplex Galaxy Income Fund, which
owns approximately 58.8% of Cineplex Entertainment LP, are traded
on the Toronto Stock Exchange under Cineplex Galaxy Income Fund
(symbol CGX.UN). More information can be found at cineplex.com.
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