DreamWorks Is Newest Studio to Support Christie/AIX's Digital Cinema Funding Plan
01 12월 2005 - 2:17AM
PR Newswire (US)
Studio Makes Its Films Available to DCI-Compliant Digital Systems
MORRISTOWN, N.J., Nov. 30 /PRNewswire-FirstCall/ -- Access
Integrated Technologies, Inc. ("AccessIT") (AMEX:AIX) and
DreamWorks SKG ("DreamWorks") said today DreamWorks will give full
support to exhibitors participating in Christie/AIX's digital
cinema rollout by releasing future films in digital format.
DreamWorks is the fifth and latest studio agreeing to provide its
content for digital distribution and projection and to fund
exhibitor adoption of DCI-compliant hardware. The studio's
productions will be made available to all exhibitors currently
deploying systems under the Christie/AIX's 4,000-screen national
rollout plan, starting with the first 150 digital cinema projection
systems expected to be installed by December 31, 2005. Jim Tharp,
Head of Distribution at DreamWorks, commented: "DreamWorks was
founded to deliver audiences with ground-breaking forms of
entertainment. The use of new techniques and technologies has been
central to our efforts and digital cinema, with its astonishing
visuals, adds to DreamWorks' ability to provide audiences with
exciting new entertainment experiences. Having worked with the
talented teams at AccessIT and with Christie Digital Systems, we
are confident they understand our business needs, the needs of
exhibitors, and, most importantly, the needs of movie-goers." "We
are pleased to expand our longtime relationship with Jim and the
team at DreamWorks through the signing of this agreement," added
Bud Mayo, chairman and chief executive officer of AccessIT.
"DreamWorks was an early supporter of digital content distribution,
entrusting AccessIT with the digital release of such major movies
as 'Madagascar,' 'Collateral' and 'Shark Tale' and we look forward
to continuing our work together in the expanding digital era."
Based on the recent distribution agreements signed with Disney,
Twentieth Century Fox, Universal and Sony, the company has already
begun an initial deployment of DLP Cinema(R) 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. The level of support
from Hollywood's major studios has enabled AccessIT to expand its
total planned installations from 2,500 to 4,000 screens. Disney,
Fox, Universal, Sony and DreamWorks will help finance exhibitors'
transition to digital technology by paying virtual print fees to
Christie/AIX for each film projected on Christie/AIX-funded
hardware. The company is also continuing late-stage negotiations
with a number of other studios and independent distributors for
their participation in the plan. Jack Kline, President and COO of
Christie Digital Systems USA, Inc., commented: "With this
commitment to release future movies in digital format, DreamWorks'
continues its tradition of providing groundbreaking entertainment
experiences. Coupled with our proven DLP Cinema(R) technology,
audiences will be able to enjoy the best viewing experience
available in the world today." Under the Christie/AIX funding plan,
participating exhibitors will receive complete digital cinema
systems at no cost other than a project management fee and a
standard 10-year maintenance contract with Christie similar to
existing film maintenance agreements. The Christie/AIX-funded
deployment of Christie DLP Cinema(R) projectors also includes media
players and a central "library" server plus two-way satellite
communications and data storage equipment. The central servers
feature AccessIT's unique vendor-neutral Theater Command Centre
("TCC") software, which allows all digitally-equipped screens in a
multiplex to be networked, simplifying theater operations through
centralized content management, scheduling, and reporting. 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 theaters
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 without changing workflows. For more
information on AccessIT, visit http://www.accessitx.com/. 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 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 on Christie's cinema solutions and to find a
theatre with Christie DLP Cinema(R) projectors, visit
http://www.christiedigital.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. DLP Cinema(R) is a registered trademark
of Texas Instruments Inc. Contact: Suzanne Tregenza Moore AccessIT
55 Madison Avenue Suite 300 Morristown, NJ 07960 973.290.0080
http://www.accessitx.com/ Dorina Belu Christie 519.749.3323
http://www.christiedigital.com/ DATASOURCE: Access Integrated
Technologies, Inc. CONTACT: Suzanne Tregenza Moore for AccessIT,
+1-973-290-0080, http://www.accessitx.com/, or Dorina Belu of
Christie, +1-519-749-3323, Web site: http://www.accessitx.com/
http://www.christiedigital.com/
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