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http://www.digitalcinemainfo.com/accessIT_09_10_08.php
September 10, 2008
Source: Access IT
Access Integrated Technologies, Inc announced today that Overture Films (Overture) 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 ten 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. 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." said Kyle Davies, Executive Vice-President, Theatrical Distribution at Overture
"The signing of this agreement is a significant commitment by Overture to support the future of digital cinema," said 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 which opens at theatres on September 12, as it will support our exhibitor partners' digital cinema installations and the industry demand for more digital screens."
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