Moving iMage Technologies to assist smaller exhibitors in d-cinema rollout

http://www.filmjournal.com/filmjournal/content_display/news-and-features/news/digital-cinema/e3i67264dea25a495e0f6ced6e6b25dfcf4

 

Jan 28, 2009

Moving iMage Technologies has partnered with All Media Capital to assist theatre owners in participating in the 3D and digital-cinema rollout, while at the same time providing the means for an exhibitor to maintain control of his own projection equipment. The announcement follows Paramount Pictures’ decision to provide direct reimbursement to exhibitors through virtual print fees to prepare for the upcoming slate of 3D releases. Other studios are expected to follow Paramount’s lead to offer the same type of reimbursements that they have extended to the large circuits.

“3D is a real value-add to the exhibition community and the announcement by Paramount Pictures is a wonderful way to continue forward with the 3D/digital-cinema rollout,” said Joe Delgado, Moving iMage Technologies executive VP, sales and marketing. “Couple Paramount’s announcement with our relationship with All Media Capital and small to medium-size exhibitors now have a viable path for implementing digital cinema today, rather than waiting for some large integrator to get financing. Everyone knows that access to money is tough in this economic climate, but All Media has continually been able to fund our clients at very competitive rates, even when more traditional financing has dried up.”

MiT has extensive experience in integrating and installing digital and 3D systems, interfacing to existing audio and projection equipment. The company manufactures a full line of integration components for digital cinema including MPL projector bases, ICM automations and interfaces, iMAGE Mover track systems and custom cable and wiring harnesses.

All Media Capital specializes in financing technology equipment for the professional audio/video market and entertainment industry. In cooperation with MiT, All Media Capital has already financed many digital-cinema installations including systems for commercial cinema as well as post-production.

“In the current economic climate, where we have seen many banks tailor away from debt-related financing, we have seen a substantial increase in credit applications from exhibitors. We have several different options to get exhibitors exceptional rates and industry-specific programs which are not available to the bank or broker community,” said Ryan Wilson of All Media Capital.