DGT Servicos de Monitoramento LTDA (DGT Brazil) announces the
signing of separate non-exclusive digital cinema deployment agreements with each
of six major motion picture studios to assist exhibitors in the Latin American
region to convert their cinemas to digital: Walt Disney Motion Pictures International
and The Walt Disney Company (Brazil) LTDA (“Disney”), Twentieth
Century Fox International Corporation (“Fox”), Paramount Pictures
Brasil Distribuidora de Filmes, Ltda (“Paramount”),
Warner Bros. Pictures International (“Warner”), Sony Pictures Releasing
International Corporation (“Sony Pictures”), and Universal Pictures
(“Universal”). Subject to the terms and conditions under
each agreement, Disney, Fox, Paramount, Sony Pictures, Warner, and Universal
will each separately make certain contributions toward the financing of
DCI-compliant digital cinema projection systems when supplying films, if
booked, in certain countries in digital form to DGT’s exhibitors.
"We are very pleased to receive this strong show of support for
our digital cinema rollout in Latin America, enabling moviegoers to enjoy a
state-of-the-art higher quality theatrical experience," said DGT CEO
Tieres Tavares, noting that the agreements address five countries in the
region, with the possibility of including additional countries. "The
independent exhibitors in Latin America are ready to convert 100% to digital
projection, and appreciate the support of the US studios to do so."
Daniel Benitez, COO of DGT,
and CEO of BARDAN International, added: “Independent exhibitors in Latin
America have been waiting for this opportunity for a long time. We are very happy to be able to bring our
rollout to the table.”
Michael
Karagosian, President of MKPE Consulting LLC, a leading Los Angeles-based
consultancy in entertainment technology, led negotiations for DGT.