Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) announced today that Carmike Cinemas, Inc. (NASDAQ: CKEC) has licensed Cinedigm’s Exhibitor Management System (EMS) to run back office operations including release planning, booking, “holdovers,” contract terms management, box office auditing, film rental accruals, payments, remittance processing and reporting.
Carmike is the fourth largest motion picture exhibitor in the United States, operating 233 theatres with 2,245screens in 35 states. Cinedigm’s EMS will streamline content booking and payments circuit-wide and will integrate directly with Carmike’s theatre-based point of sale system, as well as corporate and accounting systems.
“After a thorough evaluation, we concluded that Cinedigm’s EMS technology would lead to increased efficiencies and flexibilities which are essential to our strategy for growth,” said Fred Van Noy, Senior VP, Chief Operating Officer of Carmike. “We are happy to continue our trusted relationship with Cinedigm, a leader in digital cinema innovation.”
“We are thrilled that Carmike has chosen Cinedigm’s EMS to run critical day-to-day operations in booking and payments,” said Adam Mizel, Chief Operating Officer and CFO of Cinedigm. “Carmike, a pioneer of digital cinema conversion, already uses Cinedigm’s powerful Theatre Command Center (TCC) theatre management system. With the addition of Cinedigm’s EMS, Carmike is extending the power of digital cinema from the theatre screen to the head office.”