Fourth Chinese Exhibition Deal for RealD in Recent Months
BEIJING & LOS ANGELES--(BUSINESS WIRE)--Jun. 14, 2012--
RealD Inc. (NYSE: RLD), a leading global licensor of 3D technologies,
and SMI Corporation Limited, a leading Chinese entertainment and media
company that operates movie theatres under the name Stellar
International Cineplex, today announced an agreement to equip 100
screens across the Stellar circuit in China with RealD 3D technology.
Installation of RealD 3D technology has already begun.
“Stellar International Cineplex is a key player in the China movie
industry,” said Bruce Ren, President of SMI International Cinemas
Limited. “This partnership with RealD will combine the world's most
cutting-edge 3D cinema technology with our five-star multiplexes,
bringing Chinese audiences a brand new movie-going experience.”
“Chinese cinema box office is growing at a record breaking rate thanks
to circuits like Stellar and their commitment to bringing world class
multiplexes and premium entertainment experiences to cities throughout
China,” said Edman Chan, RealD General Manager of Asia for Cinema. “This
agreement adds to RealD’s growing traction in the Chinese exhibition
market where we recently announced four new exhibitors, giving RealD a
total commitment of 2,000 RealD 3D-equipped screens in China.”
Stellar currently operates more than 40 cinema locations with 250
auditoriums and nearly 40,000 seats in more than 20 provinces and cities
RealD 3D is currently available on approximately 650 cinema screens in
China with future commitments for approximately 1,350 additional
installations for a total of approximately 2,000 screens.
Globally, RealD is the world’s most widely used 3D cinema technology
with approximately 20,200 screens equipped with RealD 3D (as of March
23, 2012) by approximately 900 exhibitors in 68 countries around the
About RealD Inc.
RealD is a leading global licensor of 3D technologies. RealD's extensive
intellectual property portfolio is used in applications that enable a
premium 3D viewing experience in the theater, the home and elsewhere.
RealD licenses its RealD Cinema Systems to motion picture exhibitors
that show 3D motion pictures and alternative 3D content. RealD also
provides its RealD Display, active and passive eyewear, and RealD Format
technologies to consumer electronics manufacturers and content producers
and distributors to enable the delivery and viewing of 3D content.
RealD's cutting-edge 3D technologies have been used for applications
such as piloting the Mars Rover.
RealD was founded in 2003 and has offices in Beverly Hills, California;
Boulder, Colorado; London, United Kingdom; Shanghai, China; Hong Kong;
and Tokyo, Japan. For more information, please visit our website at www.reald.com.
SMI Corporation Limited is a leading Chinese entertainment and media
company that is committed to breaking new ground in the Chinese film
industry. Stellar operates a fully-integrated production chain that
ranges from studio and soundstage facilities, to film distribution and
exhibition. On the exhibition side of the business, Stellar operates a
network of more than 40 cinemas in major cities such as Beijing,
Shanghai, Guangzhou, Tianjin, Chongqing, Chengdu, Shenyang and Lanzhou.
With its broad range of film businesses, Stellar is uniquely positioned
in the burgeoning Chinese film and exhibition industry. Double digit
growth per year and a galloping capital market offers a prime
environment for Stellar to grow exponentially, bringing together
historic opportunities, horizontal development and broad participation
in the Company's ongoing push to bringing domestic and global audiences
the very best in entertainment.
Cautionary note on forward-looking statements
This press release includes forward-looking information and statements,
including but not limited to: statements concerning the anticipated
rollout of RealD 3D technology across the Stellar Cinemas circuit and
the growth of the 3D cinema industry in China. These statements are
based on RealD’s current expectations and beliefs, as well as a number
of assumptions concerning future events. Such forward-looking statements
are subject to known and unknown risks, uncertainties, assumptions and
other important factors, many of which are outside RealD’s control that
could cause actual results to differ materially from the results
discussed in the forward-looking statements. RealD’s annual and
quarterly reports include a more detailed discussion of the risks and
uncertainties that may cause that could cause actual results to differ
materially from the results discussed in the forward-looking statements.
RealD undertakes no obligation to update publicly the information
contained in this press release, or any forward-looking statements, to
reflect new information, events or circumstances after the date they
were made, or to reflect the occurrence of unanticipated events.
Source: RealD Inc.
Erik Randerson, CFA