NEC Display Solutions, Cinedigm Achieve Milestone in Digital Cinema
Cinedigm Deploys NEC Theater Projectors for More than 2,000
Exhibitor Screens as Part of Digital Cinema Conversion Initiative
Display Solutions of America, a leading provider of commercial
LCD displays and projector
solutions, announced today that its partnership with Cinedigm has
yielded the digital cinema conversion of more than 2,000 exhibitor
screens using NEC digital cinema projectors.
NEC offers a complete line of digital cinema projectors, including the
NC1200C, NC2000C, NC3200S and NC3240S models. NEC digital cinema
projectors are Digital Cinema Initiatives (DCI) compliant and High Frame
Rate upgradable, which allow exhibitors to capitalize on current and
future growth opportunities. These projectors can be centrally managed,
freeing up on-site theater personnel for more strategic activities.
Cinedigm (NASDAQ: CIDM), the global leader in digital cinema conversion
programs, is responsible for structuring and implementing the underlying
VPF (virtual print fee) agreement that enables the conversion to digital
cinema, as well as providing the entire administration responsibility of
the VPF program.
"Our strong partnership with Cinedigm is groundbreaking and has guided
the steady transformation of an entire industry to digital," said Pierre
Richer, President and COO of NEC Display Solutions. "We're grateful to
the many exhibitors who have entrusted us with enriching the experiences
of their patrons."
NEC Display Solutions and Cinedigm have partnered to provide financing
for exhibitors to complete the digital cinema conversion. Besides NEC
Display's commitment to fund the transition, fellow subsidiary NEC
Financial Services has invested in the Cinedigm funding program — in
addition to its own financing programs. Currently, those exhibitors who
have chosen NEC projectors as part of their system conversions represent
more than $80-million of the overall capacity of the Cinedigm Phase 2
Such exhibitors include:
Cinema Entertainment Corp.
Muller Family Theatres
United Entertainment Corporation
"We are pleased that through our work with NEC, we have found a solution
that assists so many exhibitors in their conversions to digital,
allowing them to take advantage of the new theater experience digital
cinema enables," said Gary Loffredo, President of Digital Cinema and
General Counsel at Cinedigm.
NEC Display Solutions (Booth No. 2717) and Cinedigm (Booth No. 2116)
will exhibit at CinemaCon, the largest annual gathering of cinema owners
and operators around the world, from April 24-26 at Caesars Palace in
Las Vegas, Nev.
For more information about NEC's digital
cinema projectors and financing options with NEC Financial Services,
please visit http://www.necdisplay.com/GoDigital
or contact NECDigitalCinemaLease@neclease.com.
Cinedigm is a leader in providing the services, experience, technology
and content critical to transforming movie theaters into digital and
networked entertainment centers. The Company partners with Hollywood
movie studios, independent movie distributors, and exhibitors to bring
movies in digital cinema format to audiences across the country.
Cinedigm's digital cinema deployment organization, state of the art
distributor and exhibition software, and marketing and distribution
platform for alternative content and independent films are a cornerstone
of the digital cinema transformation. Cinedigm™ and Cinedigm Digital
Cinema Corp™ are trademarks of Cinedigm Digital Cinema Corp. www.cinedigm.com
About NEC Display Solutions of America, Inc.
Headquartered in Itasca, Ill., NEC Display Solutions of America, Inc.,
is a leading designer and provider of innovative desktop LCD monitors,
commercial- and professional-grade large-screen LCD displays, a diverse
line of multimedia and digital cinema projectors, and integrated display
solutions. NEC Display Solutions develops leading-edge visual technology
and customer-focused solutions for a wide variety of markets, including
enterprise, healthcare, education and digital signage. For additional
information about NEC Display Solutions of America monitors, consumers
can call (866) NEC-MORE, or visit the website at www.necdisplay.com.
For digital images, please visit http://necdisplay.com/digital-media-library.
VUKUNET, from NEC Display Solutions of America, is the engine that
powers the digital out-of-home advertising business. VUKUNET is the only
universal ad serving platform that drives ads to any digital out-of-home
network, regardless of content management system. VUKUNET makes the
buying, flighting and reporting of digital out-of-home ad campaigns
easy. For additional information about VUKUNET, visit www.vukunet.com
or call (877) 805-VUKU. For VUKUNET logos and digital images, please
Tech Image (for NEC Display Solutions)
Anast, (312) 673-6054
Source: NEC Display Solutions of America, Inc.
News Provided by Acquire Media
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