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Carmike Cinemas to Convert 2,300 Screens to Digital

Authored by Mark Hefflinger on December 19, 2005 - 7:59am.
Morristown, N.J. - Carmike Cinemas, which owns 307 movie theaters in 37 states, announced on Monday that it has signed an agreement with Access Integrated Technologies, to deploy up to 2,300 digital cinema projection systems throughout the U.S. Carmike and AccessIT's Christie/AIX unit will begin installing digital projectors in January, and expects the rollout to be completed by November 2007. Christie/AIX said it also signed agreements with Disney, 20th Century Fox, Universal, Sony and DreamWorks, and will act as the financing intermediary between studios and theater owners receiving the digital cinema systems. In addition, AccessIT plans a secondary offering of shares in the very near future to provide equity funding for the deployment.
"The contract with Carmike is truly a tipping point for digital cinema. As a progressive company with clear vision, Carmike has identified digital cinema as the next growth and revenue opportunity for their business," said Christie president and CEO Jack Kline.
http://biz.yahoo.com/prnews/051219/nym030.html?.v=36
http://www.accessitx.com
http://www.christiedigital.com
http://www.carmike.com
tags: Movie | Carmike Cinemas | Screens to Digital |



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