Warner Bros. Studios Supports Christie/AIX Digital Cinema Funding Plan
Warner Bros. Studios Supports Christie/AIX Digital Cinema Funding Plan
Warner Bros. Studios Will Release Its Movies and Pay Virtual Print Fees for Digital System Rollout Now Under Way
MORRISTOWN, N.J., April 20 /PRNewswire-FirstCall/ -- Access Integrated Technologies, Inc. ("AccessIT") (NASDAQ:AIXD) today announced it has received the commitment of Warner Bros. Studios to release future movies in digital format as part of Christie/AIX's digital cinema nationwide rollout. The sixth studio backing the plan, Warner Bros. will also pay Christie/AIX virtual print fees for each movie booked helping fund exhibitor adoption of digital cinema equipment.
Commenting on the agreement, Dan Fellman, President, Domestic Distribution, Warner Bros. Pictures, said: "Warner Bros. has been at the vanguard of advances that fundamentally enhance the entertainment experience. We are especially pleased to support this digital rollout. Digital is an important part of our long-term strategy and we look forward to providing our unique content in digital form to audiences."
Bud Mayo, chairman and CEO of AccessIT, added: "Warner Bros.' embrace of new technology that enhances the movie-going experience spans as far back as the introduction of sound in movies. Their commitment to provide content for our digital systems further underscores that digital cinema is a reality, one that will profoundly change the entertainment industry. We are genuinely excited to have Dan and the entire Warner Bros. Pictures team on board and eagerly look forward to our exhibitor partners beginning to play digital versions of Warner Bros. movies."
The studio's productions will be available to participating exhibitors in the Christie/AIX program, which includes Christie CP2000 projectors featuring DLP Cinema(R) technology. Currently Christie/AIX has signed deals total close to 2,500 screens including Carmike Cinemas, Emagine Entertainment, Inc., Ultrastar, Galaxy Theatres, Cinetopia, and AccessIT's own digital showcase Pavillion 9-plex in New York City
Jack Kline, president and COO of Christie Digital Systems USA, Inc., said: "Warner Bros. Pictures' commitment to delivering digital titles is further affirmation to the industry that digital cinema has arrived. For the first time in a century, we're experiencing a true revolution in theatre entertainment and we're very excited that Warner Bros. Pictures will be an integral part of that revolution."
Strong support by Hollywood's major studios -- Warner Bros. joins Disney, Fox, Universal, Sony, and DreamWorks -- has enabled AccessIT to expand its original planned system installations from 2,500 to 4,000 screens. The company also is continuing late-stage negotiations with other studios including independent distributors to ensure that ultimately all movies can be available in digital versions.
The Christie/AIX-funded deployment of Christie DLP Cinema(R) projectors also includes media players, a central "library" server, two-way satellite communications, data storage equipment, Christie's technical services, project management, and a 10-year maintenance plan which is designed to be comparable to exhibitors' 35mm projection system maintenance agreements. 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 the industry leader in providing fully integrated software and services to enable the motion picture entertainment industry and all of its constituents to transition from film to digital cinema. The company's Theatrical Distribution System software and electronic satellite delivery services provide studios and content owners with a seamless entry into the digital era while its vendor neutral Theatre Command Center and Exhibitor Management System provide exhibitors with all the tools needed to transition to digital cinema. 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
www.accessitx.com
Dorina Belu
Christie
519.749.3323
dorina.belu@christiedigital.com
www.christiedigital.com
Stacy Ivers
Warner Bros. Pictures
818-954-6228
stacy.ivers@warnerbros.com
Source: Access Integrated Technologies, Inc.
CONTACT: Suzanne Tregenza Moore of AccessIT, +1-973-290-0080; Dorina
Belu of Christie, +1-519-749-3323, dorina.belu@christiedigital.com; Stacy
Ivers of Warner Bros. Pictures, +1-818-954-6228, stacy.ivers@warnerbros.com
Web site: http://www.accessitx.com/
http://www.christiedigital.com/
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