AccessIT To Bring Live 3-D Events to 150 Digital Cinema Equipped Theatres in Top U.S. Markets
June 02 2008 - 9:49AM
Business Wire
Access Integrated Technologies, Inc. ("AccessIT") (NASDAQ:AIXD)
announced today, its plans for the installation of 150 of its
leading edge CineLiveSM product in key markets throughout the
United States. The technology, which enables the live broadcast to
movie theatres of both 2-D and 3-D events such as sports and
concerts, will be added to those theaters that are part of
AccessIT�s satellite network, all of which are part of the
company�s completed 3700 plus screen Phase 1 digital cinema
deployment plan. Installations of CineLive will begin immediately
in 50 sites and are anticipated to expand to at least 150 by the
end of 2008. Announced at ShowEast in October 2007, the CineLive
product has been developed in conjunction with International
Datacasting Corporation (TSX:IDC) and Sensio� Technologies Inc.
(Sensio) (TSX.V:SIO) under and exclusive domestic license agreement
with AccessIT and is designed to work with AccessIT�s satellite
network and digital cinema systems equipped with 3-D technology. As
content owners across the globe prepare for the capture and
broadcast of live 3-D events, AccessIT intends to further expand
its satellite and CineLive network to include its planned 10,000
screen Phase 2 digital cinema deployment plan expected to begin
this summer. �By deploying these systems now, we hope to encourage
more live 3-D programs to accompany our proven 2-D live broadcasts.
The expansion of pre-recorded 3-D content has broadened the
addressable market considerably during the past year and we are
committed to providing more choices for theatre owners and content
providers alike,� said Bud Mayo, chairman and CEO of AccessIT. The
company�s alternative content division, The Bigger Picture is
expected to manage the distribution of many of the 2-D and 3-D live
events enabled by this network. The following markets will be
included in the initial rollout of 50 systems: New York, NY �
Indianapolis, IN � Tri Cities, TN-VA Los Angeles, CA San Diego
Colorado Springs Chicago, IL Nashville, TN Baton Rouge
Philadelphia, PA Columbus, OH Savannah Dallas-Ft. Worth, TX
Cincinnati, OH Charleston, SC San Francisco et al, CA Grand Rapids
et al, MI Evansville, IN Atlanta, GA Birmingham, AL Lansing
Houston, TX Austin, TX Peoria-Bloomington Detroit, MI
Mobile-Pensacola Montgomery Tampa-St. Pete et al, FL
Roanoke-Lynchburg Columbus, GA Seattle-Tacoma, WA Des Moines
Wilmington, NC Minneapolis-St. Paul, MN Hunstville Topeka, KS
Denver, CO Champaign-Springfield Sioux City, IA Orlando et al, FL
Chattanooga Albany, GA Pittsburgh, PA Harligen-Brownsville-McAllen
Wichita Falls, TX Charlotte, NC The additional CineLive
installations will target all of the Top 100 Designated Market
Areas in the United States. Access Integrated Technologies, Inc.
(AccessIT) is the global leader in providing integrated solutions
for digital cinema. The Company�s ground-breaking digital cinema
networked services along with its Library Management Server� and
Theatre Command Center� have enabled theatres across the United
States to play more than seven million digital showings of
Hollywood features to date. AccessIT's 24/7 satellite operations
delivers feature movies, alternative content advertising, and
pre-show entertainment, including live 2-D and 3-D events through
its CineLive� satellite network, expanding box office sales and
developing new ways to attract incremental revenues. Through its
alternative content distribution division, The Bigger Picture,
AccessIT offers channels of programming including Opera, Kidtoons,
Faith Based, Concerts, Sports and Anime. Access Integrated
Technologies� and AccessITTM are trademarks of Access Integrated
Technologies, Inc. For more information on AccessIT, visit
www.accessitx.com. [AIXD-G] CineLiveSM is a service mark of Access
Integrated Technologies, Inc.
Access Integrated Technologies (MM) (NASDAQ:AIXD)
Historical Stock Chart
From Apr 2024 to May 2024
Access Integrated Technologies (MM) (NASDAQ:AIXD)
Historical Stock Chart
From May 2023 to May 2024