Cinedigm Announces Agreement with MGM for Film Content and VPF

Cinedigm Digital Cinema (formerly AccessIT) announced that Metro-Goldwyn-Mayer Studios (MGM) will supply its upcoming movies in digital form to the network of theatres Cinedigm equipped in Phase 1 of its digital cinema deployment plan and will pay virtual print fees (VPFs) under a long term agreement.

This new agreement is a continuation of a partnership between Cinedigm and MGM under which MGM has provided digital versions of most of their motion pictures over the last two years to Cinedigm's network of exhibitors nationwide, most recently Valkyrie and looking ahead to Fame this September.

To date, Cinedigm has contracted for and completed the rollout of nearly 4,000 systems in forty-one states with exhibitors including Atlas Theatres, Allen Theatres, Carmike Cinemas, Celebration! Cinema, Cinema West, Cinetopia, Dickinson Theatres, Emagine, Galaxy Cinema, Marquee Cinemas, Krikorian Premiere Theatres, MJR Theatres, Neighborhood Cinema Group, Premiere Cinema Corp., Rave Motion Picture Theatres, Showplace Cinemas, UltraStar, and Cinedigm's own Pavilion Digital Showcase Theatre.

Its Phase 2 plan for up to an additional 10,000 screens will provide networked, turnkey Digital Cinema systems in conformance with DCI specifications, including Cinedigm's unique Library Management Server and Theatre Command Center software.

Source: Yahoo Finance