|By Business Wire||
|May 12, 2014 08:06 AM EDT||
Global 3D and visual technology company RealD Inc. (NYSE: RLD) and leading Italian theatrical exhibitor, THE SPACE CINEMA, announced today an extended agreement to install an additional 40 RealD 3D Cinema Systems at THE SPACE CINEMA locations throughout Italy. When combined with the approximately 100 RealD 3D equipped THE SPACE CINEMA auditoriums today, the number of RealD 3D installations across THE SPACE CINEMA locations will be in total more than 140. New RealD Cinema System installations have begun and are expected to be completed by this summer.
“This agreement highlights our ongoing commitment to the Italian market,” said Karina Neill, Director of Cinema, EMEA of RealD Europe. “We’re excited that our collaboration with THE SPACE CINEMA continues to grow, and look forward to bringing our premium 3D experience to their passionate audiences.”
Donato Cupertino, Director of Operations of THE SPACE CINEMA, added, “We are delighted to extend our relationship with RealD, and expand its technologies across the circuit. As one of the leaders of a burgeoning and competitive Italian market, the ability to offer the very best movie-going experience to our filmgoers is absolutely paramount, and this is precisely what this extended deal, and RealD itself, provides.”
The world’s most widely used 3D cinema technology, RealD 3D is installed in approximately 475 auditoriums by leading exhibitors in Italy and in more than 25,000 auditoriums by approximately 1,000 exhibitors in 74 countries around the world.
About RealD Inc.
RealD is a leading global licensor of 3D and other visual technologies. RealD’s extensive intellectual property portfolio is used in applications that enable a premium viewing experience in the theater, the home and elsewhere. RealD licenses its RealD Cinema Systems to motion picture exhibitors that show 3D motion pictures and alternative 3D content. RealD also provides its RealD Display, active and passive eyewear, and RealD Format technologies to consumer electronics manufacturers, content producers and distributors to enable the delivery and viewing of 3D and other premium content on a variety of visual displays and devices.
RealD was founded in 2003 and has offices in Beverly Hills, California; Boulder, Colorado; London, United Kingdom; Moscow, Russia; Shanghai, China; Hong Kong; Tokyo, Japan; and Rio de Janeiro, Brazil. For more information, please visit our website at www.reald.com.
About THE SPACE CINEMA
THE SPACE CINEMA is the result from the merger of Warner Village Cinema and Medusa. The Space Cinema is owned by 21 Investments - Private equity firm led by Alessandro Benetton – (51%) and by Mediaset RTI (for the remaining 49%). The Space Cinema, the leading cinematographic chain in Italy, focuses its work on the viewer to whom it offers excellence both in terms of quality of facilities and supply of exclusive contents. For this reason, in 2012 The Space Extra was born: a show schedule of special contents dedicated to culture, music, science, sports, entertainment and art. In 2014 The Space Cinema also launched The Space Movies, its new brand devoted to film distribution. www.thespacecinema.it
Cautionary note on forward-looking statements
This press release includes forward-looking information and statements, including but not limited to: statements concerning the anticipated rollout of RealD 3D technology across THE SPACE CINEMA auditoriums and the growth of the 3D cinema industry. These statements are based on RealD’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside RealD’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. RealD’s annual and quarterly reports include a more detailed discussion of the risks and uncertainties that may cause that could cause actual results to differ materially from the results discussed in the forward-looking statements.
RealD undertakes no obligation to update publicly the information contained in this press release, or any forward-looking statements, to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.