BEVERLY HILLS, Calif., and PARK RIDGE, N.J., Feb. 25, 2009 - Sony Electronics and RealD are working together to provide exhibitors with 3D digital cinema systems that combine a single Sony 4K projector and its new 3D dual lens adapter with RealD technology, including a specially designed optical filter tuned for the projector, resulting in the ability to deliver crisp 3D images to screens up to 55 feet in width.

Sony and RealD have also entered into a separate agreement that gives RealD the exclusive right to purchase and distribute Sony's 3D lens adapter for use with polarized filter systems in Sony digital cinema projection system 3D deployments in the United States, Canada and Europe. In addition to the Sony 3D adapter, RealD will provide hardware and software, including its Cinema System and 3D EQ "Ghostbuster" technology, for 3D playback on Sony 4K digital cinema systems worldwide.

"The relationship between Sony and RealD will make it easy to install a 2D Sony projection system that then can be easily upgraded to 3D, with RealD's award-winning technology," said Gary Johns, vice president of Sony Electronics' Digital Cinema Systems Division. "By working with RealD, we'll be able to provide both a practical and an elegant 3D solution."

"Combining Sony's phenomenal 4K projector with RealD's market-leading 3D technology simply made sense," said Joe Peixoto, president of worldwide cinema at RealD. "With RealD having the world's largest 3D cinema network, and more and more 3D content hitting theaters, we're excited to be working with Sony to help exhibitors implement this high-quality 3D experience in an easy and cost-effective way."

The Sony 3D lens adapter maximizes the exclusive technology of the 4K SXRD® imaging device, which displays four times as many pixels as conventional 2K projectors for digital cinema. This allows full 2K resolution for the left and right eye simultaneously, resulting in a high-luminance, full-resolution stereoscopic cinema presentation and is designed to enable more faithful reproduction of motion in 3D.

The 3D capability is provided through hardware on a lens mount that attaches onto the projector and is compatible with all current Sony 4K digital cinema projectors. Installation is seamless and can be done within minutes. It is designed to meet DCI specifications for 3D digital projection.

RealD's 3D EQ technology enhances the separation of the left and right eye images. In the past, this process was incorporated into the master by the studios; RealD's new approach incorporates the technology into the digital cinema server and therefore simplifies the distribution process without sacrificing the optimal 3D visual experience.

The Sony and RealD solution, which includes the Sony 3D dual lens adapter, will be competitively priced in the marketplace and is expected to be available in March.

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Kansas City, Mo. - AMC Entertainment Inc. has announced that Peter C. Brown is retiring as Chairman of the Board, Chief Executive Officer and President of the Company. AMC also announced the appointment of Gerardo I. ("Gerry") Lopez as its Chief Executive Officer and his election to the Company's Board of Directors. Lopez most recently served as Executive Vice President of Starbucks Coffee Company and President of its Global Consumer Products, Seattle's Best Coffee and Foodservice divisions. The leadership changes are effective March 2, 2009.

"Peter Brown has been an integral part of AMC's extraordinary growth and innovation," noted Aaron Stone, a director since 2004 who has been named Chairman of the Board. "His sustained leadership has guided AMC through many challenging events for our industry, as well as several key mergers and acquisitions that helped to build this company from a family-run operation into one of the world's foremost theatrical exhibition and entertainment companies. The Board truly appreciates Peter's service and dedication to AMC over the last 18 years."

"I am deeply honored to have played a key role in the success of AMC for nearly two decades. Having helped the company grow from $400 million in revenues when I joined it to the $2.3 billion world-class company it has become," said Brown, "the time is right for me to turn to the next phase of my life and to the opportunities that exist. I leave the company confident that it is in the hands of a leader whose deep marketing and consumer background will take it to new heights."

Brown began his career with AMC in 1990 and became senior vice president and chief financial officer in 1991. He served as Executive Vice President from August 1994 to January 1997 and as co-Chairman of the Board from May 1998 through July 1999. In July 1999, Brown became Chairman and CEO of the company. He was only the third Chairman in its 89 year history.

"We are very pleased to welcome Gerry Lopez to AMC," said Chairman of the Board Stone. "During his tenure at Starbucks, he was a key driver of their consumer products growth strategy, and Gerry is very well-suited to be CEO of AMC. He is an outstanding leader with a proven history of creating dynamic strategic partnerships and intensely focusing on the customer experience."

"I am extremely excited to be taking on this new role at AMC, and I look forward to working with the talented AMC team to achieve many successes in the future," said Lopez. "This year, and for years to come, we have a fantastic opportunity to grow our company and bring the AMC experience to new audiences."

Prior to joining Starbucks, Lopez was president of the Handleman Entertainment Resources division of Handleman Company from November 2001 to September 2004, and its senior vice president and general manager from May 2000 to November 2001. Previously, Lopez held a variety of executive management positions with Frito-Lay, Inc., Pepsi-Cola Company and Procter & Gamble Company.

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Knoxville, Tennessee --- Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, has announced their fiscal fourth quarter 2008 results.

Total revenues for the fourth quarter ended January 1, 2009 were $711.7 million compared to total revenues of $599.9 million for the fourth quarter of 2007. Net income was $30.1 million in the fourth quarter of 2008 compared to net income of $23.2 million in the same period of 2007.

Results for the fourth fiscal quarter of 2008 and for fiscal 2008 were significantly and positively impacted by the timing of our fiscal calendar which consisted of a 14 week period in the fourth quarter of 2008 compared to a 13 week period in the fourth quarter of 2007 and a 53 week period in 2008 compared to a 52 week period in 2007. The additional week was the week between Christmas and New Years, a traditionally high attendance week for the company and the industry.

"We are pleased with our 2008 accomplishments including the successful acquisition and integration of Consolidated theatres," stated Mike Campbell, CEO of Regal Entertainment Group. "We are also encouraged by the early 2009 box office results in this challenging economic environment," Campbell continued.

 

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Los Angeles -- On Sunday, the Academy of Motion Picture Arts & Sciences presents the Oscar to the Best Picture of the year. But in a recent Fandango poll, 81% of moviegoers on the site feel that the Academy's picks are out of touch with mainstream film choices. (None of 2008's top 10 box office hits ranks among the Academy's five Best Picture choices.)

This year, Fandango is asking fans to vote online for the film that truly deserves the honor as the best movie of the year. Fandango's first annual Fan Choice Award will be presented at ShoWest, the world's largest theatrical convention, on April 2. Voters can also participate in a sweepstakes for a chance to attend the awards ceremony live in Las Vegas on a free four-day/three-night getaway. To vote for the "2008 Movie of the Year", and enter the sweepstakes.

Voting ends on February 27, 2009.

The ten nominees for the ShoWest/Fandango Fan Choice Award are comprised of the top ten top-grossing films of the year. They are as follows:

The Dark Knight
Dr. Seuss' Horton Hears a Who
Hancock
Indiana Jones and the Kingdom of the Crystal Skull
Iron Man
Kung Fu Panda
Madagascar: Escape 2 Africa
Quantum of Solace
Twilight
WALL-E

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In a move that will help the company pay off its growing debt, Reuters is reporting that several hundred National Amusements movie theatres may soon be for sale.

National Amusements is owned by media tycoon Sumner Redstone. In recent months, Redstone's media empire, which is lead by Viacom, has taken its share of hits. Viacom has been forced to implement massive layoffs due to declining stock prices.

Early estimated figures show that the sale could be worth anywhere from $240 million to $480 million. While nothing is confirmed at this time, Regal Entertainment Group, AMC and Cinemark are all potential buyers. If any one of those three major chains were to make the purchase they would solidify there standing on top of the exhibition industry in a major way.

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