GDC Signs VPF Agreements with Six Argentinian Exhibitors

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Thu, 06/25/2015 - 12:48 -- Nick Dager

GDC Technology has entered into virtual print fee agreements with six exhibitors in Argentina: Village Cines, CCA CinemaCenter, Cines Multiplex, Atlas Cines, CPM and Cinema la Plata Cinemas. The deal enables the company to manage a financial subsidy that assists with costs involved in the chains’ conversion to digital cinema.

Collectively, the six converted a total of 241 screens, at 41 locations, to digital last year, reaching 100 percent digitization. Under the VPF program, these exhibitors will recoup a portion of their investment via their VPF agreements with GDC Technology.

Manuel Arana, general manager of GDC Latin America said, “We are very happy that these six prominent exhibitors have trusted us for this important move. This agreement demonstrates once again the flexibility of our VPF program, which allows both big chains and independent exhibitors to benefit from our digital cinema financial subsidies.”

GDC Technology Limited