New Sony Pictures Agreement With Christie/AIX Supports Digital Cinema Transition
23 11월 2005 - 3:57AM
PR Newswire (US)
- Sony Pictures' Commitment Will Further Speed Exhibitor Adoption
of Digital Cinema - MORRISTOWN, N.J., Nov. 22
/PRNewswire-FirstCall/ -- Moving aggressively to accelerate the
transition to digital cinema, Christie/AIX, a unit of Access
Integrated Technologies ("AccessIT"), (AMEX:AIX) today announced an
agreement with Sony Pictures Entertainment whereby Sony Pictures
will supply its upcoming films in DCI-compliant format to the 4,000
digital projection systems Christie/AIX intends to install in movie
theaters in the U.S. and Canada over the next two years. "We look
forward to supporting Christie/AIX's Digital Cinema rollout, which
combines innovative technologies with a true understanding of the
specific business needs of each distributor and exhibitor," said
Jeff Blake, Vice Chairman of Sony Pictures Entertainment and
Chairman of Worldwide Marketing and Distribution for Columbia
TriStar Motion Picture Group. "Digital Cinema will enable us to
better deliver our creative content to audiences immersing them in
a visually compelling form for a unique entertainment experience."
Jack Kline, President and COO, Christie, noted: "Sony Pictures has
consistently delivered exciting, first class entertainment to
audiences around the world. Their commitment is a great endorsement
of the strength and viability of the Christie/AIX rollout strategy.
Our proven plan is helping Hollywood and the exhibition communities
make the transition to Digital Cinema seamless, while bringing
renewed excitement to the movie going experience." Commenting on
the agreement, Bud Mayo, Chairman and Chief Executive Officer of
AccessIT, said: "We are pleased that Sony Pictures has joined our
rapidly growing list of studio partners. Christie/AIX is the first
to implement a Digital Cinema rollout as we proceed with the first
150 screens of our planned installations. The signings of
additional studios means more content for the increasing number of
exhibitors who have indicated they wish to participate in our plan
as well as increased cash flows for Christie/AIX." The Agreement
with Sony Pictures is in addition to recent agreements signed with
Disney, Twentieth Century Fox and Universal, which has prompted
Christie/AIX to begin the initial deployment of Digital Cinema
systems in theatres in Detroit, Michigan owned by Emagine
Entertainment, Inc. and at multiple locations in San Diego and
Riverside County (CA) multiplexes owned by Ultrastar Theaters, Inc.
A total of 150 Digital Cinema systems are expected to be
operational at these circuits by December 31, 2005. Chuck
Goldwater, President and Chief Operating Officer of Christie/AIX,
added: "Sony has long been a pioneer in digital entertainment both
technologically and in distribution. With its support, exhibitors
will now gain access to a major new source of content for use on
the growing number of digitally equipped screens. Based upon our
late-stage negotiations and discussions with additional studios, a
growing number of independent distributors plus both large and
small exhibitors, we believe that Digital Cinema has the potential
to reach all the screens in the U.S. and Canada within a decade."
About Sony Pictures Sony Pictures Entertainment (SPE) is a
subsidiary of Sony Corporation of America (SCA), a subsidiary of
Tokyo-based Sony Corporation. SPE's global operations encompass
motion picture production and distribution; television production
and distribution; digital content creation and distribution;
worldwide channel investments; home entertainment acquisition and
distribution, operation of studio facilities; development of new
entertainment products, services and technologies; and distribution
of filmed entertainment in 67 countries. Sony Pictures
Entertainment can be found on the World Wide Web at
http://www.sonypictures.com/. About Christie Christie is a leader
in visual solutions for world-class organizations, offering diverse
applications for business, entertainment, and industry. A leading
innovator in film projection since 1929 and a pioneer in digital
projection systems since 1979, Christie has established a global
reputation as a total service provider and the world's single
source manufacturer of a variety of display technologies and
solutions. Christie offers comprehensive solutions for cinema,
large audience venues, control rooms, business presentations,
training facilities, 3D and Virtual Reality, simulation and
education as well as industrial and government environments. For
more information, visit http://www.christiedigital.com/. About
AccessIT Access Integrated Technologies Inc. (AccessIT) is an
industry leader in offering a fully managed storage and electronic
delivery service for owners and distributors of digital content to
movie heaters and other venues. Supported by its robust platform of
fail-safe Internet data centers, AccessIT is able to leverage the
market-leading role of its Theatrical Distribution System (TDS)
with its innovative digital delivery capabilities and in-theatre
software systems to provide the highest level of technology
available to enable the emerging digital cinema industry to
transition from film with changing workflows. For more information
on AccessIT, visit http://www.accessitx.com/. Safe Harbor Statement
Investors and readers are cautioned that certain statements
contained in this document, as well as some statements in periodic
press releases and some oral statements of AccessIT officials
during presentations about AccessIT, along with AccessIT 's filings
with the Securities and Exchange Commission, including AccessIT 's
registration statements, quarterly reports on Form 10- QSB and
annual report on Form 10-KSB, are "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "Act"). Forward-looking statements include statements
that are predictive in nature, which depend upon or refer to future
events or conditions, which include words such as "expects,"
"anticipates," "intends," "plans," "could," "might," "believes,"
"seeks," "estimates" or similar expressions. In addition, any
statements concerning future financial performance (including
future revenues, earnings or growth rates), ongoing business
strategies or prospects, and possible future actions, which may be
provided by AccessIT's management, are also forward-looking
statements as defined by the Act. Forward-looking statements are
based on current expectations and projections about future events
and are subject to various risks, uncertainties and assumptions
about AccessIT, its technology, economic and market factors and the
industries in which AccessIT does business, among other things.
These statements are not guarantees of future performance and
AccessIT undertakes no specific obligation or intention to update
these statements after the date of this release. Contact Details:
Jim Kennedy Sony Pictures Entertainment 310.244.6777
http://www.sonypictures.com/. Dorina Belu Christie 519.749.3323
http://www.christiedigital.com/ Suzanne Tregenza Moore Access
Integrated Technologies, Inc. 973.290.0080
http://www.accessitx.com/ DATASOURCE: Access Integrated
Technologies Inc. CONTACT: Jim Kennedy of Sony Pictures
Entertainment, +1-310-244-6777, ; or Dorina Belu of Christie,
+1-519-749-3323, ; or Suzanne Tregenza Moore of Access Integrated
Technologies, Inc., +1-973-290-0080, Web site:
http://www.accessitx.com/ http://www.sonypictures.com/
http://www.christiedigital.com/
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