Cinedigm Digital Cinema Corp (NASDAQ: CIDM) announced today that LD Entertainment has licensed Cinedigm's Theatrical Distribution System ("TDS") to serve as the platform to manage key aspects of LD’s theatrical distribution to its domestic territories. Cinedigm expects implementation to be completed by the end of October 2012, in time for LD’s first wide release film, The Collection, which opens November 30 th nationwide.
LD Entertainment is an independent distribution, acquisitions and production company founded by CEO Mickey Liddell. In January 2012, David Dinerstein was named to head up the distribution arm.
“David and his entire distribution team have been aggressive in expanding their slate of films,” said Chris McGurk, CEO and Chairman of Cinedigm. “We are pleased their efforts led them to Cinedigm and that we could quickly and seamlessly get TDS up and running for them and look forward to a long and productive working relationship between our companies.”
Cinedigm's TDS system streamlines the workflow associated with movie releases, integrates with all other key internal and vendor systems and manages all related transactions and business data, while providing real-time financial and management reporting.“We were impressed with Cinedigm’s deep understanding of our business needs, as well as the speed in which they were able to get us up and running,” said David Dinerstein, President of LD Entertainment. “Cinedigm provides a powerful, efficient and sophisticated software solution which allows us maximum productivity on both our platform and wide releases.” “David and his team were laser-focused and incredibly diligent in their efforts to find and install the best distribution software available,” said Jim Miller, president of Cinedigm’s software division. We appreciate the opportunity to work with the innovative distribution team at LD Entertainment to increase their efficiencies by utilizing our TDS software.” About Cinedigm ( www.cinedigm.com ) Cinedigm Digital Cinema Corp. is a leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. Cinedigm's digital cinema deployment and servicing organization, state of the art distributor and exhibition software, and marketing and distribution platform for alternative content and independent films are a cornerstone of the digital cinema transformation. With the April acquisition of New Video, the world's largest aggregator of independent digital content and leading distributor of quality entertainment, CIDM has created a new full service end-to-end digital studio, enabling the Company to acquire and distribute independent films and specialty content both theatrically and via digital, mobile and home media platforms. Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of Cinedigm Digital Cinema Corp.
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