Caribbean Cinemas Signs VPF Deal with Cinedigm

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Tue, 10/30/2012 - 20:00 -- Nick Dager

Caribbean Cinemas has signed a long-term virtual print fee deployment agreement with Cinedigm. Caribbean Cinemas will provide its own financing and will deploy up to 290 Cinedigm-Certified screens with installation expected to be completed later this fall. The agreement will enable the conversion of theatres to digital cinema utilizing Cinedigm’s long-term agreements with all the major studios as well as ongoing interim agreements with more than one hundred independent distributors. Caribbean Cinemas is the largest motion picture exhibitor in the Caribbean Islands operating 53 theatres with a total of 437 screens throughout the Islands including Puerto Rico the Dominican Republic Aruba St. Lucia St. Maarten Antigua St. Kitts St. Thomas and Trinidad. “We are thrilled to bring digital cinema to Caribbean Cinemas and we are certain that all their constituents from employees to customers will immediately enjoy its many benefits ” said Gary Loffredo Cinedigm’s president of digital cinema services. “This marks the first of what we expect will be a continuing worldwide expansion of our industry-leading digital cinema deployments.” “Caribbean Cinemas has a long and successful history of providing our customers with state of the art movie going experiences and being able to conclude this agreement with Cinedigm and our Studio partners to bring the enhanced digital cinema experience to our customers further demonstrates this promise and is very gratifying to us ” said Robert Carrady president and CEO of Caribbean Cinemas. “We are confident after our lengthy discussions and extensive evaluation process that Cinedigm provides the outstanding service we expect and we look forward to a long and mutually beneficial relationship.”