Megaplex Theatres chooses Cinedigm for digital deployment
Cinedigm Digital Cinema Corp. announced a long-term virtual-print-fee (VPF) deployment agreement with Megaplex Theatres. Megaplex will be providing its own financing in the Cinedigm exhibitor-buyer deal structure. The rollout comprises 90 screens at six Megaplex locations, with the majority of installations expected to be completed by summer 2012.
Cinedigm's Digital Cinema division facilitates the funding, installation and operations support, along with ongoing VPF administration, for a company's digital-cinema rollout plans.
In its combined Phase One and Phase Two d-cinema deployment program, Cinedigm has signed 10,189 screens overall, installed 8,950 digital screens, and signed digital screens deals with 184 exhibitors.