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   Technology StocksCIDM - Cinedigm Digital Cinema Corp.


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From: xcentral111/5/2009 9:05:26 AM
   of 21
 
Cinedigm Digital Cinema Corp. Upcoming Conference Schedule

MORRISTOWN, NJ -- (Marketwire) -- 11/03/09 -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) announced that it will be presenting at two investor conferences including the third annual Imperial Capital Global Opportunity Conference on Thursday, November 5 and the second annual LD Micro Conference on December 3.

Cinedigm senior executives will present an overview of the company's leading role in providing both technology and alternative content solutions to the motion picture entertainment industry's transition to digital technologies. He will also discuss the company's five fully integrated divisions and outline anticipated developments.

Details on each conference are as follows:

Imperial Capital Global Opportunity Conference

Thursday, November 5, 2009 at 3:55pm Eastern
The conference is being held at The New York Palace hotel in New York City.
Speakers will be Bud Mayo Cinedigm's Chairman and CEO and Adam Mizel,
Cinedigm's CFO and Chief Strategy Officer
Link to webcast: www.wsw.com/webcast/imperial2/cidm/ :

LD Micro Conference

Thursday, December 3, 2009 at 1:00pm Pacific
The conference is being held at The Luxe Hotel in Los Angeles, CA.
Speaker will be Adam Mizel, Cinedigm's CFO and Chief Strategy Officer

About the Imperial Capital Conference
Imperial Capital's Third Annual Global Opportunities Conference provides portfolio managers, private equity investors and investment analysts with proprietary ideas across the capital structure, including bank loans, high yield, distressed and investment grade debt, convertible securities and equities.

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From: xcentral112/17/2009 8:56:17 AM
   of 21
 
Cinedigm Reports on the State of Digital Cinema "Avatar" Release on December 18 Shines Spotlight on 3D Readiness in U.S. & Canada

MORRISTOWN, NJ -- (Marketwire) -- 12/17/09 -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) today issued an update on the state of digital cinema in the United States.
In 2008 and 2009, the digital transition -- defined as the industry's conversion from analog to digital technology -- was slowed, largely due to the lack of necessary financing. That trend shows signs of reversing; financing is now available and industry-wide momentum has returned.
Hollywood movie studios have embraced digital cinema, both from a financing and a creative perspective. These factors, coupled with the growing slate of popular and successful 3D movies from all the Hollywood studios, including James Cameron's "Avatar" on December 18, suggest that 2010 will be a watershed year for digital cinema.

At present, there are 7,736 digital screens* at 2,112 sites in the United States and Canada, representing just over 21% of the approximately 36,000 screens in total. Of those 7,736 digital screens, almost 3,400 (44% of digital screens, 9% of all screens) are 3D-enabled, at 2,000 sites.

Though just under 10% of all U.S. and Canadian movie screens are currently 3D-enabled, industry-wide momentum has picked up markedly in the last few months. In late October, Cinedigm announced that it had secured a commitment letter for a $100 million financing from GE Capital and Société Générale that will support the deployment of up to 2,133 digital systems in 2010. Many exhibitors are also taking advantage of an Exhibitor-Buyer option that will permit them to convert an additional 2,000 to 3,000 screens.

"We're seeing a groundswell of positive and truly transformative trends for the exhibition industry," said Bud Mayo, chief executive officer, Cinedigm.
"The same digital transition that transformed phones into BlackBerrys, and portable audio players into iPods, is taking place in modern cinema.
Hollywood has committed to support the conversion to digital cinema, which solves the chicken-and-the-egg problem that would otherwise have delayed this transition. Cinedigm is very optimistic and excited to be at the center of this process."

Digital cinema allows exhibitors to showcase entertainment beyond movies, such as music concerts. This week, more than 500 digital screens across the United States are showing "Larger Than Life in 3D," a concert movie featuring the Dave Matthews Band, Ben Harper and Relentless7, and Gogol Bordello. Over the past year, exhibitors have shown live sporting events including more notable 3D live presentations, children's programming, interactive Q&As with film stars and much more.

* These figures do not include IMAX screens.

About Cinedigm

Cinedigm is the leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. The Company is a technology and services integrator that works with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, software, unique combined satellite and hard drive digital movie delivery network; pre-show in-theater advertising services; and distribution platform for alternative content such as CineLive® 3-D and 2-D sports and concerts, thematic programming and independent movies provide a complete suite of services required to enable the digital theater conversion. www.cinedigm.com : www.cinedigm.com [CIDM-G

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From: xcentral112/23/2009 8:57:02 AM
   of 21
 
Cinedigm Announces Agreement With R/C Theatres for Phase 2 Deployment Program

First Exhibitor-Buyer Contract Based on Just Completed NATO Cinema Buying Group Agreement

MORRISTOWN, NJ, Dec 22, 2009 (MARKETWIRE via COMTEX) -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), the global leader in the digital cinema industry, today announced R/C Theatres, a Maryland-based cinema chain, has signed an agreement to participate in Cinedigm's Phase 2 digital cinema deployment program. R/C Theatres is the first of many National Association of Theatre Owners (NATO) Cinema Buying Group (CBG) members expected to commit to this program. The CBG represents more than 600 members that collectively have over 6,000 screens. R/C selected Cinedigm's Exhibitor-Buyer financing plan, which means the exhibitor will purchase its own equipment and Cinedigm will administer the systems under its Virtual Print Fee agreements with all major studios for a ten-year term for 68 screens at 6 locations.
In Phase 2, Cinedigm has created an Exhibitor-Buyer financing option for exhibitors. When exhibitors participate, they select and purchase their own equipment and Cinedigm manages the reporting, billing and collection of VPFs from movie distributors, receiving a fee for doing so. R/C will install Cinedigm-certified fully-networked digital cinema systems. Cinedigm and the CBG also have system supply and service agreements with Barco and NEC.

John Fithian, President of the National Association of Theatre Owners (NATO), commented, "Wayne Anderson, the former Managing Director of the CBG, and the CBG team who selected Cinedigm as its integrator had confidence in Cinedigm's technology, equipment vendor relationships and ability to bring appropriate financing options to the table. Wayne's tireless work with Cinedigm on behalf of all the CBG members makes it fitting that R/C Theatres is the first of many CBG members to move forward."

"The CBG was established to enable independent exhibitors across the U.S. and Canada to survive and thrive in the digital age," said J. Wayne Anderson, former Managing Director of the buying group. "R/C Theatres and the CBG, in partnership with Cinedigm, today begin an historic transition to provide high-quality digital cinema to the patrons of independent and small-town cinemas in North America."

Bill Campbell, current Managing Director of the CBG, said, "CBG, Cinedigm and our equipment partners have developed several options for our members, including exhibitor-financed, vendor-financed and integrator-financed programs. Beginning with Wayne's leadership and continuing today, the CBG and Cinedigm encourage all CBG members to be proactive in securing their place in the digital future of our industry."

David Phillips, COO-CFO of R/C Theatres, " We are excited to be the first circuit to sign up for the CBG Cinedigm Phase 2 digital cinema self-finance agreement. R/C has had the good fortune to be involved in so many aspects of the industry conversion due to the hard work, dedication and insight of its now retired Chairman and CEO, Wayne Anderson. To finally be at the end point of all that hard work is like coming to the end of filming and editing a movie. All the work has been done and now it's time to screen the final product -- digitally of course!"

"Since the CBG selected us as the integrator partner for its members, the Cinedigm team has been working diligently to develop agreements that worked for all parties," said Bud Mayo, Chairman and CEO of Cinedigm. "This process for Exhibitor-Buyers was completed at the end of October and we're very excited that R/C Theatres will be the first to move forward in converting its theatres to digital cinema."

"R/C's decision to invest in digital cinema is a testament to their commitment of bringing the highest quality presentation and the diversity of alternative content programming to their audiences. Cinedigm is proud to be working with R/C to help them continue to fulfill that commitment," said Chuck Goldwater, President of Cinedigm's Media Services Group. "At the same time, we are at work with many more CBG members and look forward to adding them to our Phase 2 program as well."

Cinedigm's Digital Cinema division is the industry-leading deployment program for Digital Cinema that facilitates the funding, installation support and administration for the company's studio-supported Digital Cinema rollout plans. In April 2008, the CBG, a buying program of the National Association of Theatre Owners (NATO) for small and independent theatre operators, announced the selection of Cinedigm as the digital cinema integrator of choice for the CBG's 600+ members in the United States and Canada.

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, Georgia Theatre Company, Great Escape Theatres, 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.

About Cinedigm

Cinedigm is the leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. The Company is a technology and services integrator that works with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, software, unique combined satellite and hard drive digital movie delivery network; pre-show in-theater advertising services; and distribution platform for alternative content such as CineLive(R) 3-D and 2-D sports and concerts, thematic programming and independent movies provide a complete suite of services required to enable the digital theater conversion. www.cinedigm.com [CIDM-G]

About R/C Theatres

R/C Theatres is based in Maryland and has theatres in MD, PA, VA, NC and FL.

Contacts:
Suzanne Moore
Cinedigm Digital Cinema Corp.
(973) 290-0056
Email Contact

David Phillips
RC Theatres
410 526 4774

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From: xcentral112/24/2009 9:24:10 AM
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Can Cameron Terminate Hollywood's Troubles?
By Anders Bylund
December 23, 2009
James Cameron is back at a movie theater near you, and he's shaking up the entire film industry as usual.

Avatar is a $300 million special-effects extravaganza that was in development for more than 16 years. Cameron was waiting for computer technology to catch up with his technical needs. It's not much of a story -- your basic boy-meets-alien plot on a raging battlefield -- but it's a showcase for a revolution in digital effects. Yep, there's still virgin ground to break in the field of special effects.

And nobody will appreciate Cameron's audacity more than IMAX (Nasdaq: IMAX). Avatar was made to look awesome on larger-than-life megascreens. Did Cameron just invent the toxin for the common home theater?

The conundrum
In case you hadn't noticed, the movie industry is in the throes of an extreme digital makeover, like the music industry before it and publishing trailing close behind. Big-screen, high-definition TV sets with surround sound and Sony (NYSE: SNE) Blu-ray players have become an easy and obvious replacement for going to the movies. On top of that, the DVD format may have topped out its revenue potential -- and the replacement is not necessarily those higher-capacity Blu-ray discs with their gorgeous high-def content and bloated price tags.

Instead, consumers are turning to alternative sources for their entertainment fix, including cable and satellite TV subscriptions and legal or illegal download and streaming solutions. And though box-office receipts are set to break records this year with a $10.6 billion take, that high point was reached more through ticket-price hikes than long lines at the ticket window. In order to keep a hand in your pocket, movie studios like News Corp. (NYSE: NWS) subsidiary 20th Century Fox and Walt Disney (NYSE: DIS) are doing all they can to entice us back to the theater.

The tech
That's where Cameron and Avatar come in. The technology behind Avatar does for motion-capture animation what the Steadicam did for moving cameras 30 years ago.

In 1976, a cameraman could follow Rocky up the steps to the Philadelphia Museum of Art without giving the audience motion sickness from the bumpy ride. Now, Steadicam shots are everywhere, putting audiences right into the action.

Cameron's motion capture experiments bring one major innovation to the table: facial expression capture.

When Jar-Jar Binks flailed his limbs around in the Star Wars prequels, the motion of the digital character was of course modeled on data from an actor in a motion-capture suit. But when he flapped his mouth in time to some bad dialogue in faux-Caribbean patois, a team of artists and engineers had to pull the lips into position, frame by frame.

The blue aliens in Avatar have no such issues. Specialized systems make sure that Sigourney Weaver's facial expressions when acting her blue-skinned part translate to the digital model, without any manipulation after the fact. For the first time, filmmakers have access to a relatively simple method for capturing the entirety of a real actor's performance and translating that into a digital world.

Nine-foot-blue-alien big
This is big. TechCrunch editor Michael Arrington compares Avatar to the Apple (Nasdaq: AAPL) iPhone: "Movies will never be the same after Avatar. Like the iPhone in the mobile world, this movie disrupts an entire industry."

Avatar opens a Pandora's box of new possibilities. Making it easy to film natural-looking action and drama in entirely imagined worlds should bring about a renaissance for science fiction, fantasy, and horror film. These genres are also perfect for big-screen spectacles, and when paired with modern-day digital 3-D projection, you have the makings of a return to theaters.

The likes of Sony and Panasonic (NYSE: PC) are working on 3-D technology for your home theater that won't give you headaches, but they're not quite there yet. In the meantime, the cinema is undoubtedly the best way to enjoy a hyper-realistic special-effects fest. And the ultimate movie experience comes in very, very big packages.

Arrington argues that 3-D IMAX is the only way to really appreciate Avatar, and the movie-going public agrees: Thirteen percent of the opening weekend's gross domestic sales happened in IMAX theaters, which make up 3% of the number of screens showing the movie. Some IMAX locations added shows at 3 a.m. and 6 a.m. to meet demand for Avatar -- and sold them out.

The investing takeaway
If Cameron's movie-making tech catches on, IMAX will have premium fuel for its fires for years to come. It's an exciting time for cinema, and this could be a great time to invest in stocks like IMAX, the movie studios, or digital film maven Cinedigm Digital Cinema (Nasdaq: CIDM). Only 21% of American movie screens are powered by digital projection today, and only half of those are fitted for 3-D projection. I'd say there's plenty of growth left to grab.

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From: xcentral12/2/2010 9:28:27 AM
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Cinedigm Announces Pact With Vista for International Software Distribution

Leading International Cinema Software Company to Represent Cinedigm's Industry Standard Theatre Command Center(TM) Theatre Management System for Digital Cinema Multiplexes

MORRISTOWN, NJ, Feb 01, 2010
Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) and Vista Entertainment Solutions, Inc. announced today an agreement for Vista and its network of business partners to exclusively distribute and support Cinedigm's Theatre Command Center(TM) software in certain major international territories.
Cinedigm is the global leader in digital cinema. The company's Theatre Command Center software is the most widely used theatre management system in the world for operating digitally-enabled movie theatres. The system has been operating on thousands of screens since 2005 and has supported more than 15 million showings.

Digital cinema and Cinedigm's Theatre Command Center(TM) greatly simplify the process of managing theatrical entertainment, saving exhibitors significant time and money and enabling a wider variety of content for the consumer.

Cinedigm's latest Windows-based operating system is designed to fully automate digital cinema-equipped theatre operations and enable more efficient circuit-wide management of content, schedules, systems, data and resources.

New Zealand-based Vista Entertainment Solutions is a leader in worldwide cinema Point-of-Sale and circuit management software, with offices and business partners in the U.S., Europe and Asia.

"We have worked closely with Vista and its worldwide business partners for several years. Like Cinedigm, they are innovators in cinema technology and services and we are very excited to be working together in providing solutions that will define the future of cinema," said Jim Miller, president of Cinedigm's Software division.

Murray Holdaway, CEO of Vista, said, "Digital Cinema is gaining traction around the world and Cinedigm's Theatre Command Center is an important technological advancement in the management of Digital Cinema Projection. Vista is pleased to be working with Cinedigm to offer customers not only world leading Cinema Management Systems but also the latest in Digital Cinema Management Technology."

About Cinedigm

Cinedigm is the leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. The Company is a technology and services integrator that works with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, software, unique combined satellite and hard drive digital movie delivery network; pre-show in-theater advertising services; and distribution platform for alternative content such as CineLive(R) 3-D and 2-D sports and concerts, thematic programming and independent movies provide a complete suite of services required to enable the digital theater conversion. www.cinedigm.com

About Vista

Vista is a world leader in cinema management software, with installations in over 47 countries including the United States, Canada, United Kingdom, Hong Kong, Mexico, India and Australia. The Vista software is used by a range of exhibitors from single screen independent cinemas to circuits with more than 100 sites and 600 screens. Vista is available in English, Chinese, Spanish, French and Portuguese, with other languages supplied on request.

Vista is a highly flexible product having been developed with the needs of the worldwide exhibition community in mind. Vista's extensive product line covers Box Office, Concessions, Back Office, Online Ticket Sales and full Home Office function. The advanced functionality, proven reliability, as well as clean look and feel, have made Vista a leader in the cinema ticketing and concessions software market.

More information on Vista is available at www.us-vista.com

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From: xcentral12/2/2010 9:29:48 AM
   of 21
 
Cinedigm Digital Cinema Corp. Third Quarter Earnings Conference Call Notification

MORRISTOWN, NJ, Feb 01, 2010
Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) will hold a conference call and simultaneous Web cast on Thursday, February 11th to announce its financial results for the third quarter ended December 31, 2009. The call will begin at 9:00 a.m. EST.
To participate in the conference call, please dial 877.754.5303 or 678.894.3030 at least five minutes before the start of the call. No passcode is required. An audio Web cast of the call will be accessible at investor.cinedigm.com. Those who wish to listen to the conference call on the web should visit the Investor Relations section of the company's Website at least 15 minutes prior to the event's broadcast. Then, follow the instructions provided to ensure that the necessary audio applications are downloaded and installed. These programs can be obtained at no charge.

A replay of the call will be available after 12:00 p.m. Eastern at 800.642.1687 or 706.645.9291, conference ID 3783693. The replay will be accessible through Thursday, February 18th.

Cinedigm will issue its earnings press release on February 11, 2010. The release can be accessed by visiting www.Cinedigm.com.

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From: xcentral12/11/2010 11:33:54 AM
   of 21
 
Cinedigm Announces Agreement With B&B Theatres for Phase 2 Deployment Program

NATO Cinema Buying Group Exhibitor-Buyer Agreement Continues to Gain Traction With Exhibitors

MORRISTOWN, NJ, Feb 11, 2010 (MARKETWIRE via COMTEX) -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), the global leader in the digital cinema industry, today announced B&B Theatres, a Missouri-based cinema chain, has signed an agreement to deploy 205 digital projection systems as part of Cinedigm's 10,000 screen Phase 2 digital cinema deployment program. B&B is the second of many National Association of Theatre Owners (NATO) Cinema Buying Group (CBG) members expected to work with Cinedigm using a newly completed form of contract developed for CBG members. The CBG represents more than 600 members that collectively have over 6,000 screens. B&B selected Cinedigm's Exhibitor-Buyer financing plan, which means the exhibitor will purchase its own equipment for 205 screens at 31 locations and Cinedigm will administer and manage the systems under its Virtual Print Fee agreements with all the major studios for up to a ten-year term.
In Phase 2, Cinedigm has created an Exhibitor-Buyer financing option for exhibitors. When exhibitors participate, they select and purchase Cinedigm-certified fully-networked digital cinema systems and Cinedigm manages the reporting, billing and collection of VPFs from movie distributors, receiving a fee for doing so. Cinedigm and the CBG have system supply and service arrangements with Barco, Christie, NEC, and Sonic Equipment Company. B&B has selected Sonic Equipment Company based in Iola, Kansas as the Service Provider for the duration of the Cinedigm agreement.

Bob Bagby, President of B&B Theatres: "As B&B celebrates its 86th year in business, we're thrilled to be transitioning to digital cinema. In our 86 year history, we've seen many technological improvements, including the transition from silent film to sound; black and white film to color; mono sound to surround sound; surround sound to digital sound; and slope seating to stadium seating. We are truly excited to usher in the next technological advance of digital cinema and are committed to converting our circuit over the next two years. The digital transitions will ensure that we will continue to bring the best quality movies to our audiences and enable us to develop a wider array of alternative content options. We've been using Preflix, UniqueScreen Media, a Cinedigm Company's, cinema advertising solution for 10 years and are excited about extending our relationship using the CBG Phase 2 contracts."

"B&B joins R/C Theatres as the second chain to contract with Cinedigm using the CBG Exhibitor-Buyer agreement. We're excited to be moving forward with them and look forward to doing so with the many other CBG members in our pipeline," said Bud Mayo, Chairman and CEO of Cinedigm.

Chuck Goldwater, President of Cinedigm's Media Services Group, said, "Cinedigm is proud to expand our relationship with B&B beyond our Preflix advertising solution. B&B's commitment to digital cinema and to bringing the best quality programming including alternative content options to their audiences is evident. Cinedigm is proud to be working with them to help fulfill this commitment and looks forward to working with the many other CBG members who are excited to move forward with our Phase 2 program."

Cinedigm provides the industry-leading deployment program for Digital Cinema that facilitates the funding, installation support and administration for the company's studio-supported Digital Cinema rollout plans. In April 2008, the CBG, a buying program of the National Association of Theatre Owners (NATO) for small and independent theatre operators, announced the selection of Cinedigm as the digital cinema integrator of choice for the CBG's 600+ members in the United States and Canada.

To date, Cinedigm has contracted for and completed the rollout of more than 4,500 systems in forty-one states with exhibitors including Atlas Theatres, Allen Theatres, Carmike Cinemas, Celebration! Cinema, Cinema West, Cinetopia, Dickinson Theatres, Emagine, Galaxy Cinema, Georgia Theatre Company, Great Escape Theatres, Marquee Cinemas, Krikorian Premiere Theatres, MJR Theatres, Neighborhood Cinema Group, Premiere Cinema Corp., Rave Motion Picture Theatres, R/C Theatres, Showplace Cinemas, UltraStar, and Cinedigm's own Pavilion Digital Showcase Theatre.

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From: xcentral12/11/2010 11:35:50 AM
   of 21
 
Cinedigm Digital Cinema Corp. Announces Fiscal Year 2010 Third Quarter Results

Commitment for $100 Million Credit Facility Creates Platform for Growth: Phase 2 Gains Momentum

MORRISTOWN, NJ, Feb 11, 2010 (MARKETWIRE via COMTEX) -- Cinedigm Digital Cinema Corp. ("Cinedigm" or the "Company") (NASDAQ: CIDM) reported a 9.5% sequential quarterly increase in revenues to $21.8 million in its seasonally strong fiscal 2010 third quarter ending December 31, 2009. Revenues declined 4% versus the year-ago period. The Company posted Adjusted EBITDA(1) (defined below) of $11.0 million, sequentially increasing 13.8% from $9.7 million in the second quarter. Adjusted EBITDA in the quarter was flat versus the year-ago period Adjusted EBITDA. The net loss in the third quarter of $6.4 million or $0.23 per share includes various non-cash items aggregating to $8.6 million or $0.30 per share, compared to similar items of $22.3 million or $0.81 per share in the year-ago period. The Company ended the fiscal 2010 third quarter with $12.1 million of unrestricted cash (excluding $16.4 million of restricted cash and investments) on its balance sheet.
THIRD QUARTER HIGHLIGHTS

-- Revenues for the fiscal year 2010 third quarter were $21.8 million
compared to $22.7 million in the year-ago period. The decrease was
primarily due to the November 2008 originally contracted 16% step-down
in Virtual Print Fee (VPF) rates charged to the major movie studios via
long term contracts and lower advertising revenues. Partially
offsetting these declines were Phase 2-related digital cinema services
fees and a 12% increase in Content and Entertainment Segment revenues,
which were driven by content distribution fees.
-- Adjusted EBITDA in the third quarter was $11.0 million, an even match
to the year-ago period. The flat Adjusted EBITDA as compared to the
previous year, despite a 4% decline in total revenues and a decline in
Phase 1 VPF revenues, is primarily the result of positive Adjusted
EBITDA from the Content and Entertainment Group and careful expense
management.
-- Signed commitment letters for a $100 million non-recourse Phase 2
credit facility with GE Capital and Societe Generale.
-- Signed Virtual Print Fee agreements for Phase 2 with Warner Bros. and
Overture Films bringing the total to eight studios signed on to the
Phase 2 plan.
-- Signed first Exhibitor-Buyer Phase 2 Master License Agreement using
National Association of Theatre Owners ("NATO") - Cinema Buying
Group contract.

Bud Mayo, Chief Executive Officer of Cinedigm, stated, "The third quarter saw Cinedigm take advantage of its strengthened balance sheet. At the end of October, we signed commitment letters for a $100 million non-recourse Phase 2 credit facility with GE Capital and Societe Generale. The support of two key Phase 1 lenders clearly shows that the credit market challenges for Cinedigm are abating, and we are pushing ahead to create value for investors. As we finalize consents and amendments to our Phase 2 studio contracts and as we continue to sign Phase 2 exhibitor agreements, we are targeting a spring closing of this facility. In addition, the runaway success of Avatar has heightened excitement about 3-D cinema and increased the already robust 3-D release pipeline. This has further increased exhibitor demand for digital cinema as well as expanded our alternative content pipeline. We look forward to capitalizing on this enthusiasm in the months ahead."
PHASE 2 UPDATE

Mayo added, "The completion of the NATO Cinema Buying Group Exhibitor-Buyer contract was a hallmark event this quarter and the culmination of more than a year of work. R/C Theatres, with its 68 screens, is the first CBG member to use this contract and we have built a pipeline of 3,500 other screens interested in Phase 2 participation. We also installed screens at our first exhibitor-buyer customers in the quarter and have established a new financing approach for exhibitors to own and deploy digital cinema equipment. Cinedigm signed Phase 2 VPF agreements with Warner Bros. and Overture Films and now has VPF agreements with 8 studios. To date we have installed 237 Phase 2 screens and almost 4,000 screens in total."

CORPORATE UPDATE

Mayo concluded, "While significant work remains ahead, the third quarter was one of great progress. In addition to the Phase 2 accomplishments, our Entertainment Group distributed its second independent film, "OPA!", and launched its 3-D Concert Series with the Dave Matthews Band in 3-D which went to 520 theatres, a record for any alternative event we've distributed. Finally, we are also growing our content delivery business as we added several new trailer delivery customers and laid plans to expand our satellite network with proceeds from our financing."

CONFERENCE CALL NOTIFICATION

Cinedigm will host a conference call to discuss its financial results at 9:00 a.m. Eastern on Thursday, February 11, 2010. The conference can be accessed by dialing 877.754.5303 or 678.894.3030 at least five minutes before the start of the call. No passcode is required. The conference call will also be webcast simultaneously and will be accessible via the web on Cinedigm's Web site at investor.cinedigm.com. A replay of the call will be available after 12:00 p.m. Eastern at 800.642.1687 or 706.645.9291, conference ID 3783693. The replay will be accessible through Thursday, February 18th.

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From: xcentral13/5/2010 10:06:05 AM
   of 21
 
Cinedigm CEO Bud Mayo to Kick-Off Presentations at 2010 Gabelli & Company Digital Cinema and Movie Conference

MORRISTOWN, NJ, Mar 05, 2010 (MARKETWIRE via COMTEX) -- Cinedigm Digital Cinema Corp. ("Cinedigm") (NASDAQ: CIDM) announced that the company will be presenting at the 2010 Gabelli & Company Digital Cinema and Movie Conference in New York City on March 11th. The conference is being held at the Harvard Club.
Bud Mayo, Cinedigm's President and Chief Executive Officer, will be the first presenter of the morning. He will provide an overview of digital cinema and of the company's leading role in providing both technology and alternative content solutions to the motion picture entertainment industry's transition to digital technologies. He will also discuss the current and anticipated impact of the transition to digital cinema on the movie industry and the benefits that go beyond enabling 3-D.

Mr. Mayo's presentation will take place at 8:00 am on March 11, 2010. After the presentation, Mr. Mayo and Mr. Adam Mizel, Cinedigm's CFO and Chief Strategy Officer, will be available for one-on-one meetings. For information on scheduling a one-on-one meeting, please contact Mike Calabrese at 914-921-8324.

Cinedigm is the leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. The Company is a technology and services integrator that works with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, software, unique combined satellite and hard drive digital movie delivery network; pre-show in-theater advertising services; and distribution platform for alternative content such as CineLive(R) 3-D and 2-D sports and concerts, thematic programming and independent movies provide a complete suite of services required to enable the digital theater conversion. Cinedigm(TM) and Cinedigm Digital Cinema Corp.(TM) are trademarks of Cinedigm Digital Cinema Corp. www.cinedigm.com [CIDM-G]

About the Gabelli & Company, Inc. Gabelli & Company, Inc., an institutional research and brokerage firm, is a subsidiary of GAMCO Investors, Inc. (NYSE: GBL).

Contact:

Suzanne Moore
Cinedigm
973.290.0056
Email Contact

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From: xcentral13/10/2010 8:49:47 AM
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CBS Sports, NCAA(R) and LG Electronics Team Up To Deliver NCAA Men's Final Four(R) Semifinal and Championship Games in 3-D

NEW YORK, March 9 /PRNewswire/ -- CBS Sports teams up with the NCAA, LG Electronics USA and Cinedigm Digital Cinema Corp. to present for the first-time ever the 2010 NCAA Men's Final Four semifinal and national championship games in 3-D. The broadcasts will be available live in up to 100 Cinedigm Certified™ Digital Cinemas nationwide. Fans attending the festivities in Indianapolis also can view the games in 3-D on LG's LCD HDTVs at locations throughout Lucas Oil Stadium and at the NCAA's interactive fan event, Bracket Town refreshed by Coca-Cola Zero.

The games in 3-D on Saturday, April 3 (6:00-11:00 PM, ET) and Monday, April 5 (9:00-11:00 PM, ET) will be a fully-produced CBS Sports event with CBS COLLEGE SPORTS NETWORK announcers Dave Ryan and Steve Lappas calling the action. Together with LG Electronics USA, which is the Official 3-D Sponsor for CBS Sports' NCAA Tournament broadcasts and Official Corporate Partner of the NCAA, Cinedigm is bringing the excitement of the NCAA Men's Final Four in stunning three-dimensional realism to tens of thousands of NCAA basketball fans in theaters across the land.

"CBS Sports has always been on the forefront of new technology to enhance the viewing experience," said Ken Aagaard, executive vice president operations and engineering, CBS Sports. "Through our partnership with the NCAA and LG, and the technological innovations of Cinedigm, we are excited to be able to present Men's Final Four weekend in 3-D offering fans an exciting and different way to view a major sporting event."

"Bringing the Men's Final Four to consumers in 3-D is a prime example of how LG strives to deliver something better – superior technology combined with an unparalleled viewing experience – for consumers," said Peter Reiner, senior vice president, marketing, LG Electronics North America. "As the Official 3-D Sponsor, we are excited to partner with CBS Sports to bring consumers this immersive 3-D viewing experience and tap into the passion of college sports fans throughout the country."

This unique sponsorship builds upon LG's leadership in this emerging technology. LG Electronics, which introduced the first 3-D LCD sets in Korea last year, will be introducing this new feature in an extensive line of 3-D-enabled LED HDTVs and Blu-ray Disc players in the United Sates beginning this May.

"The theater experience is changing dramatically," said Bud Mayo, chairman and CEO of Cinedigm. "The Men's Final Four is a signature event, with millions of fans clamoring to be among the few who get to see it in person. Cinedigm's experience, having brought the 2009 BCS Championship and the 2009 NBA All-Star Saturday Night events to theaters in live 3-D, has shown us that fans who attend will feel as though they have courtside seats. We're proud to work with our technology partner SENSIO and with our growing national network of top-quality theaters to help bring fans one step closer to courtside."

Cinedigm's robust digital cinema network has unparalleled experience in bringing the best in LIVE 3D entertainment to the widest number of 3-D cinema screens. Audiences at the first-ever live 3-D sports broadcasts last year hailed the revolutionary impact of seeing sports in 3-D, especially when seen in a movie theater. No other cinema network has the technological infrastructure and distribution know-how to enable this kind of large-scale, nationwide, 3-D event in U.S. theaters.

CBS Sports and LG Electronics also are working with NEP and 3-D expertise will be provided by world renowned 3-D innovator, Vince Pace, to deliver the broadcast in 3-D. Pace, has worked on the blockbuster movies Avatar and Titanic.

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a global force and technology leader in consumer electronics, home appliances and mobile communications. In the United States, LG Electronics sells a range of stylish and innovative home entertainment products, mobile phones, home appliances and business solutions, all under LG's "Life's Good" marketing theme. For more information, please visit www.LGusa.com.

About Cinedigm

Cinedigm Digital Cinema Corp. (Nasdaq: CIDM) is the leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. The Company is a technology and services integrator that works with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, software, unique combined satellite and hard drive digital movie delivery network; pre-show in-theater advertising services; and distribution platform for alternative content such as CineLive® 3-D and 2-D sports and concerts, thematic programming and independent movies provide a complete suite of services required to enable the digital theater conversion. Cinedigm™ and Cinedigm Digital Cinema Corp.™ are trademarks of Cinedigm Digital Cinema Corp. www.cinedigm.com [CIDM-G]

About the NCAA

The NCAA® is a membership-led nonprofit association of colleges and universities committed to supporting academic and athletics opportunities for more than 400,000 student-athletes at more than 1,000 member colleges and universities. Each year, more than 54,000 student-athletes compete in NCAA Championships in Divisions I, II and III sports. Visit www.NCAA.org and www.NCAA.com for more details about the Association, its goals and members and corporate partnerships that help support programs for student-athletes. The NCAA is proud to have the following elite companies as official Corporate Champions - AT&T, Capital One and Coca-Cola - and the following elite companies as official Corporate Partners - Enterprise, Hershey's, The Hartford, LG, Lowe's, Planters and State Farm.

NCAA, Final Four and Bracket Town trademarks of the National Collegiate Athletic Association.

SOURCE LG Electronics USA; CBS

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