AccessIT and Overture Films Enter 10 Year Agreement

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Fri, 09/26/2008 - 20:00 -- Nick Dager

Digital Cinema solutions provider Access Integrated Technologies has announced that film distributor Overture Films will provide all of their movies to digital cinema equipped theatres in AccessIT's Phase 1 digital cinema plan and will pay virtual print fees (VPFs) under a 10 year agreement similar to those signed by all the other major studios. This agreement expands upon the strong relationship the companies have built since Overture's inception last year as Overture is already a customer of both AccessIT's distribution software and satellite delivery services. Since January of 2008 Overture has provided digital versions of their movies including Mad Money Henry Poole Is Here and Traitor to AccessIT's Phase 1 network of exhibitors. This agreement serves to formalize the studio's commitment to supply digital versions of their movies in the future and to pay VPFs according to a set schedule. AccessIT has been a great partner for Overture Films in our inaugural year in the marketplace ” says Kyle Davies executive vice president theatrical distribution at Overture. “From customer support to delivery services we have been impressed with all they have to offer and we look forward to an expanded relationship as our studio continues to grow bringing digital features to theatres nationwide. The signing of this agreement is a significant commitment by Overture to support the future of digital cinema says Chuck Goldwater president of AccessIT's media service division. We are proud of our growing partnership with the entire team at Overture and are looking forward to the outstanding lineup of movies they will be releasing in digital format including Righteous Kill as it will support our exhibitor partners' digital cinema installations and the industry demand for more digital screens. AccessIT Overture Films