Major Independent Distributors Increasingly Embracing Digital Cinema
Major Independent Distributors Increasingly Embracing Digital Cinema
- Indies Weinstein, New Line, Lionsgate Join MGM and Hollywood Studios Adopting Digital Distribution -
MORRISTOWN, N.J., Oct. 23 /PRNewswire-FirstCall/ -- Access Integrated Technologies, Inc. ("AccessIT") (NASDAQ:AIXD) reported today that several leading independent film distributors have joined the major studios in embracing digital releases of their movies, adding to the rapidly growing stream of movies available to theatres equipped with 2K digital projection systems.
Since the digital release of The Weinstein Company's "Scary Movie 4" in April, 2006 and "Clerks 2" in July, a growing number of independent distributors have begun to release their movies in the JPEG format as outlined by the DCI technical specification. Recent JPEG features over the past couple of months such as New Line's "Snakes On A Plane" and "Texas Chainsaw Massacre, The Beginning," "Flyboys" from Metro-Goldwyn-Mayer Studios, and "Employee of the Month" from Lionsgate Films join a growing list of upcoming titles scheduled for digital release from those distributors. In addition to providing delivery services for a number of these and other independents, AccessIT has, and will make, their movies available to the more than 1,200 digitally-equipped screens participating in the company's digital cinema rollout plan across the county.
"We're extremely pleased with our initial experience with AccessIT," said Steve Rothenberg, President of Domestic Distribution at Lionsgate. "We strongly believe in the digital release of theatrical content, and we're actively embracing it because the future is now."
"We have enjoyed working with the team at AccessIT and look forward to a continued relationship with them in the future," said Steve Bunnell, Chairman of Domestic Distribution at The Weinstein Company.
Chuck Goldwater, President of AccessIT's Media Services Division, said: "The power and flexibility of digital releasing is becoming increasingly clear to all content owners, both in Hollywood and around the world. This transition directly benefits all parties, from the producer to the moviegoer. Not only are audiences treated to the best visual experience possible, but digital distribution is greatly expanding the variety of programming reaching local theatres allowing exhibitors to provide their customers with new and exciting entertainment choices."
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. Its studio-backed 4,000 screen ongoing deployment of digital systems is the first and the largest of its kind in the world. 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/.
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:
Suzanne Tregenza Moore Andrew Komendantov
AccessIT The Dilenschneider Group
55 Madison Avenue 212.922.0900
Suite 300
Morristown, NJ 07960
973.290.0080
www.accessitx.com
Source: Access Integrated Technologies, Inc.
CONTACT: Suzanne Tregenza Moore of AccessIT, +1-973-290-0080; or Andrew
Komendantov of The Dilenschneider Group, +1-212-922-0900, for Access
Integrated Technologies, Inc.
Web site: http://www.accessitx.com/
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