Cinema Technology Apr. 26, 2019
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DCIP is the largest digital cinema integrator in the world and provides industry leading software and management solutions to exhibitors and distributors. 

Cinergy is an enterprise suite of tools that helps you track, monitor, and efficiently manage cinema operations in one centralized platform.


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Mahwah, N.J.—May 17, 2013

Digital Cinema Implementation Partners Closes $755 Million Refinancing Transaction

Digital Cinema Implementation Partners, LLC (DCIP) announced today that it has closed on a new $755 million credit facility comprised of an 8-year $680 million term loan B and a 5-year $75 million revolving credit facility. The proceeds from the term loan B were used to prepay existing debt and to pay fees and other transaction related expenses.

“This transaction provides DCIP substantial financial and operating benefits by extending the loan maturities associated with our digital deployment and significantly reducing our cost of debt,” said DCIP President and Chief Executive Officer Rich Manzione. “This will be achieved in part through the planned repayment in full of higher interest mezzanine-level notes, with cash on hand and borrowings under the new revolving credit facility.”

DCIP is a joint-venture formed by the three leading U.S. theater companies, AMC Entertainment Inc., Cinemark Holdings, Inc. (Cinemark), and Regal Entertainment Group, to replace 35mm projectors in the U.S. with digital projection systems. DCIP has deployed 14,327 digital projection systems in the U.S. as of March 31, 2013. Digital conversion of these exhibitors’ existing projection systems is expected to be completed in September 2013.

In addition to its U.S. digital deployment, DCIP actively manages the deployment of over 1,800 digital systems in Canada for Canadian Digital Cinema Partnership, a joint venture between Cineplex Inc. and Empire Theatres Limited, the two largest Canadian theater companies. DCIP has also agreed to manage the digital deployment of approximately 1,300 projection systems across Latin America for Cinemark.

“In addition to our existing digital deployment and management services, we will be looking to expand our operations to include new administrative and software services aimed at streamlining the operations and interactions of exhibitors and distributors, by leveraging the new digital infrastructure” said Manzione.
DCIP engaged Barclays and Credit Suisse as joint lead arrangers and joint bookrunners for the new term loan B facility, with Barclays also serving as administrative agent and Credit Suisse as syndication agent.





DCIP Contacts:
For all DCIP/VPF inquiries: 
info@dcip.com

For all Cinergy inquiries: 
info@Cinergy.software 
Logo: Digital Cinema Implementation Partners, LLC
About Digital Cinema Implementation Partners, LLC:
DCIP is a joint venture owned equally by exhibition industry leaders AMC Entertainment Inc., Cinemark Holdings, Inc. and Regal, a subsidiary of Cineworld Group plc. Formed over 10 years ago to facilitate the upgrade from 35mm to digital projection technology, DCIP has overseen the conversion of more than 18,000 screens across the United States, Canada and Latin America, and continues to provide management services and facilitate information flow for its deployment footprint and exhibition and distribution partners. 
  
As part of the monumental transition from film print to digital technology, DCIP developed extensive expertise in managing vast amounts of information throughout its digital network, which led to the creation of Cinergy, a scalable centralized enterprise software suite developed to help exhibitors and distributors better monitor and manage cinema execution, presentation and quality assurance, utilizing information that was not centrally available prior to the industry’s conversion. Additional information regarding DCIP and Cinergy is available at www.dcip.com and www.cinergy.software


Digital Cinema Implementation Partners, LLC Directory page Digital Cinema Implementation Partners, LLC Web Site

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Apr 14, 2011 Cineplex Entertainment and Empire Theatres Create New Partnership To Manage the Conversion to Digital Cinema
Mar 31, 2011 Digital Cinema Implementation Partners Announces $220 Million Financing Transaction
Mar 24, 2011 Digital Cinema Implementation Partners Names Richard Manzione as President and CEO
Oct 14, 2010 Digital Cinema Implementation Partners Announces Leadership Change
Mar 22, 2010 Sony Electronics Signs Purchasing Agreements with Digital Cinema Implementation Partners
Mar 10, 2010 Digital Cinema Implementation Partners Announces Completion of $660 Million Financing for Digital Cinema Upgrade
Oct 1, 2008 Digital Cinema Implementation Partners Announces Agreement with Five Studios for Digital Cinema Upgrade
Dec 4, 2007 Steven B. Cohen to Consult for “Digital Cinema Distribution Coalition”
Mar 6, 2007 AMC Entertainment Inc., Cinemark USA and Regal Entertainment Group Form Company to Launch Theatre Conversion to Digital Cinema
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