XDC co-financing agreements for EU digital cinema

XDC, the digital cinema service company in Europe and affiliate of EVS Broadcast Equipment, has announced the signature of non-exclusive long-term agreements with Warner Bros, Paramount Pictures, Twentieth Century Fox and Walt Disney Studios to co-finance the future deployment of maximum 8,000 DCI-compliant digital cinema installations in 22 European countries.

The roll-out period under the agreement will last for a maximum of five years while each digitised screen shall be co-financed over a period of maximum 10 years. Those agreements are co-financing more than 65 per cent of the value of digital exhibition systems made of projectors, servers, applications and services, for a maximum estimated global investment of E600 million. These agreements mark and ease the beginning of the large scale deployment of digital cinema in Europe.

You must be logged in to post a comment Login