|Page (1) of 1 - 01/13/12||email article||print page|
Brazilian Exhibitors Sign Letter of Intent With Beyond All, LLC, for Digital Cinema Negotiations With Hollywood StudiosBeyond All, LLC Partnering With MKPE Consulting and Cinedigm Digital Cinema Corp. (January 13, 2012)
SAO PAULO, BRAZIL -- (Marketwire) -- 01/13/12 -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) -- Fifteen Brazilian exhibitors signed a letter of intent today naming Beyond All, LLC as their integrator of choice to start Virtual Print Fee ("VPF") negotiations with major Hollywood studios and independent distributors in Brazil, expediting the digital cinema roll-out in Brazil. This group of exhibitors comprises approximately 1,000 screens.
Digital theatres are fully networked, turnkey systems that are cost-efficient to operate and allow unique offerings in theatres, including alternative programming like live 2D and 3D sporting events and concerts, matinee cartoons, live Q&As, as well as branded entertainment.
Together with ANCINE (the agency responsible for promoting and regulating the Brazilian film and video industries) and The Brazilian Development Bank (BNDES, the main financing agent for development in Brazil), Beyond All's VPF agreements will expedite the deployment of digital cinema systems in Brazil. By signing the LOI, the exhibitors have made a significant commitment towards advancing digital rollout in Brazil and will benefit from the incentive provided by the studios through VPF payments; VPF deals remain the main driving force behind digital conversions worldwide.
"We cannot simply replicate the US or European deals in Brazil," said Beyond All, LLC CEO Tieres Tavares. "Brazil has many unique challenges, not the least of which is we are a country with continental proportions."
Beyond All, LLC has partnered with MKPE Consulting and Cinedigm Digital Cinema Corp. for negotiation and technical services. MKPE, a leading consultancy in entertainment technology, will lead deployment negotiations for the consortium. MKPE principal Michael Karagosian, brings 12 years of digital cinema experience to the table, and was responsible for organizing similar deployment agreements in Ireland and the Philippines. Cinedigm, the industry-leading deployment program for digital cinema, will provide Theater Command Center ("TCC") software to automate and manage the operation of digital movie theatres and will also provide the enterprise digital cinema servicing software which Cinedigm currently uses to manage the billing, monitoring, verification, collections and disbursements of VPFs at over 10,000 screens throughout the US. The combination of these two critical software capabilities will empower Beyond All and their Brazilian partners to benefit from industry leading digital cinema tools.
MKPE and Cinedigm will work with Beyond All to create the business and infrastructure required to successfully finance, deploy, maintain and monitor digital systems throughout Brazil and other South American territories.
"We believe the exhibitors in Brazil will benefit from this partnership with Beyond All, MKPE and Cinedigm. This arrangement translates not only into experiences combined but also into dynamism within the decisions yet to be taken," said Ricardo Difini, CEO of GNC and a participant in the Beyond All program.
ABOUT BEYOND ALL LLC
Beyond All, LLC, is a leading distributor for Digital Cinema equipment in Brazil. With tailored solutions, it helps exhibitors to think outside the box. Known for its commitment to customer satisfaction, its recent growth is a direct result of an innovative approach based on client goals. Beyond All recently collaborated with a prominent exhibitor resulting in the first 100% Digital Cinema multiplex in Brazil.
ABOUT MKPE CONSULTING LLC
MKPE is a leading consultancy for business development in digital cinema. The company has been assisting clients build successful ventures and sharpen product strategies in the entertainment space for 24 years. MKPE works with clients from a wide range of industries, including telecommunications, film distribution, manufacturing, and government-sponsored agencies.
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 [CIDM-G]
Cinedigm Public Relations:
Cinedigm Investor Relations:
Copyright @ Marketwire
Related Keywords: Cinedigm Digital Cinema, Camera/Film, Business, Programming, Marketing, Anim, Authoring/Programming, Production/Post, Facility (Post Production), Digital Cinema, Ireland, Brazil, Marketwire, , Theaters, Technical Services, Film, Theater, Business, Entertainment, Other,