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April 1, 2009
D-Cinema Korea (DCK), the Seoul-based company, has reached non-exclusive digital cinema deployment agreements with Twentieth Century Fox, Paramount Pictures International and Universal Pictures International. The three studios will supply movies in digital form to the DCI compliant digital projection systems installed by DCK in Korea.
The studios will also make financial contributions toward the hardware cost of digital cinema equipment deployed by DCK, established in 2008 by two major Korean exhibition chains to help accelerate the transition of Korean theatres to digital cinema.
Through DCK, the Korean motion picture industry is expected to take advantage of the Virtual Print Fee following the model established in the U.S. and Europe, where more than 50,000 screens are already committed to covert to digital.
“The conversion of cinemas in Korea to digital technology will enable both exhibitors and distributors to reap substantial benefits of digital cinema,” commented S.K. Lee and J.H. Cho, Co-CEOs, in a statement released by DCK. Among the benefits: high quality non-degradable prints, new programming opportunities (such as premium digital 3D films, alternative content, and live satellite events) vastly reduced print production and logistics costs, and better protection against piracy.
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