Cinedigm Technicolor Sign Acquisition Agreement

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Fri, 10/14/2011 - 20:00 -- Nick Dager

Cinedigm Digital Cinema has signed its agreement to have Technicolor to acquire certain assets of Cinedigm’s physical and electronic distribution business as well as global software license agreements related to Cinedigm’s digital theatrical movie and trailer distribution business.  
  Initially announced in July the deal is expected to close in November and is subject to customary and limited closing conditions. During the next month the companies plan to work together to ensure a smooth transition for customers and employees.