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Boeing Sells Digital Cinema Business to Access Integrated Technologies

Authored by Mark Hefflinger on March 30, 2004 - 3:58am.
Los Angeles -- Defense contractor Boeing announced on Tuesday its exit from the digital cinema business, with the sale of its Boeing Digital Cinema assets to New Jersey-based Access Integrated Technologies. Financial terms of the transaction were not disclosed. Boeing's digital cinema system eliminates the need for physical film stock by providing the ability to transmit first-run films and alternative media like sporting events and concerts directly to movie theatres via satellite. "Boeing successfully pioneered and demonstrated many advances in the deployment of advanced satellite and secure digital distribution of large data files from a single point to multiple locations simultaneously," said Boeing Network Enabled Solutions vice president Dr. Ron Maehl. "AccessIT can now take that technology to the next level with its focus on the entertainment industry and its ability to put a capital structure in place for full-scale market implementation."
tags: Digital Cinema | Boeing | Access | Integrated Technologies |