COLUMBUS, Ga.-- Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading digital cinema and 3D motion picture exhibitor, today announced that it is pursuing a refinancing of its senior secured term loan facility that matures in May 2012. The existing term loan facility had a balance of $250.8 million outstanding at December 31, 2009. The term loan facility is being launched with an interest rate of LIBOR plus 400 basis points, with a LIBOR floor of 2.0%. The potential refinancing is being led by J.P. Morgan Securities Inc., Citigroup Global Markets and Macquarie Capital (USA) as joint lead arrangers and joint bookrunners.

Carmike also announced plans to replace its $50 million revolving credit facility maturing in May 2010 with a new, $30 million revolving credit facility expected to bear interest at a rate of LIBOR plus 400 basis points, with a LIBOR floor of 2.0%, and to mature in January 2013. The existing revolving credit facility was undrawn as of December 31, 2009. Expected participants in the new revolving credit facility include JPMorgan Chase Bank, N.A., Citibank, N.A., and Macquarie Capital.

Consummation of the refinancing is expected by late January/early February but is subject to market and other conditions. Carmike will file a copy of the new credit agreement with the Securities and Exchange Commission upon completion of the new term loan and revolving credit facilities.

Carmike Cinemas Chief Financial Officer, Richard B. Hare, stated, "With the nearing expiration of our revolving line of credit and the potential for rising interest rates over the next two years, it made sense to address the revolver and term loan at this time. We believe the refinancing would provide Carmike with flexibility to fund our long-term growth and success."

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Norwood, MA - Shari Redstone, President of National Amusements Inc., and co-founder of Rising Star Media, announced that she has joined with Charles Ryan of UFG Private Equity of Russia to purchase Rising Star from NAI.

Redstone will be chairman of the new entity and Rising Star co-founder Paul Heth is joining as CEO. Rising Star Media plans to aggressively expand its theater chain in Russia under the well-established brand Kinostar.

Redstone and Heth founded Rising Star Media in 2002 with National Amusements. The venture quickly became a significant player in the Russian theatre scene. Today the company owns and operates the top five grossing theatres in Russia.

"After many successful years working with Paul and our team in Russia, I am delighted that Charlie shares our vision for the company's future," said Redstone, who is also the Vice-Chairman of the Boards of Viacom and CBS. "With his support, the company is well-positioned to grow the business and expand our dominant position in the Russian theater industry."

Added Heth, "This is great news for our US studio and Russian film partners, which retain their top customer, and for Rising Star. I'm grateful to have been invited to continue with the new company, and look forward not only to the next chapter in my long-standing business relationship with Shari, but also to the chance to work with Charlie, an old friend for whom I have the highest respect."

"I am very pleased that UFG Private Equity and I are able to play a role in Rising Star's continued success," said Ryan. "Our analysis of the market here in Moscow is that it is poised for additional theatre expansion and with Rising Star we plan to make a significant investment in the marketplace."

Rising Star owns and operates state of the art, destination-type multiplex venues in Moscow and St. Petersburg. Two of the locations, one in each city, have state-of-the-art IMAX digital projection systems. In addition, every Rising Star multiplex is outfitted with RealD 3D which, along with numerous other technological innovations, has cemented Rising Star as the high tech leader in the Russian exhibition business.

National Amusements sold the Rising Star group as part of a previously announced plan to divest some its theaters in the United States and abroad.

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San Diego, CA - The Reuben H. Fleet Science Center, home to the world's first, and San Diego's only, IMAX Dome Theater, is celebrating the completion of its state-of-the-art renovation. Featuring a unique 6.1 surround sound system designed by QSC plus ProTools HD 3 Accel playback, the audio system design may presage a new era in theater sound systems. Why Pro Tools for playback?

The Fleet Center often runs six different films per day, requiring very different audio settings for each performance. Program material varies widely, from the Center's primary focus on educational material to pure entertainment IMAX presentations such as The Rolling Stones - At The Max, Chronos, and Stomp Odyssey. With the new design, levels and other settings can now be programmed well ahead of time, ensuring both smoother operations and spontaneous elements including announcements, inserts and customized for walk in/walk out music via iTunes.

Two benefits of using the film industry's standard audio production system for automated playback are; a) provide film mixers the ability to use the facility as a sort of ultimate real time surround mix facility, and, b) allow composers and producers a more efficient way to transfer tracks and stem mixes directly to the theater for test screenings.

In the typically crazed, last minute environment caused by a director's need for music and soundtrack changes, this theater-as-mix-stage capability removes an important level of uncertainty for film producers.

Equally crucial to delivering an audience experience unerringly faithful to the director's vision is the 6.1 surround audio delivered by the world class audio system designed by San Diego's Michael Krewitsky of Pro Sound, Inc., solely around QSC Audio components.

Interestingly, the "6" in this unique surround setup has earned the nickname "The Voice of God" refers to speakers placed at the very top of the dome. What drives it all? Four Basis Controllers (922AZ and 914), commanding six DCA 1644 amplifiers and two DCA 3422 sub amplifiers that drive six SC-424-8F 4-way Dual 15-inch full-range speakers and four SB-7218 dual 18-inch subwoofers. According to the designer, the combination renders whisper-quiet to thunderous dynamics and exceptionally accurate audio playback.

Barry Ferrell, QSC's Senior Director of Cinema Solutions, begins his explanation of the theater's hallmark level of accuracy with the reason why the company viewed the achievement as mission-critical: "QSC Audio has long been the mainstay in movie theater power amplification because of our reputation for reliability and, to some extent, transparent sound. But some of our more demanding customers have become increasingly unhappy with their older speaker systems, because film producers have been raising the bar for what needs to be reproduced accurately in theatrical releases. That pushed us not just to enter the theater speaker market, but to do so with a very high bar in mind."

QSC Cinema Sales Director Francois Godfrey adds another dimension of the dilemma his customers face: "Industry observers point out that if theater owners don't exceed the level of quality people experience in their own home theaters, it's a recipe for declining theater attendance. Since there's every reason to believe the audio challenges from the film community won't get any easier, we saw establishing a clear lead in accurate reproduction as a strategic necessity."

Ferrell adds, "If you're marketing to owners competing on exceptional theater experiences, there's really no point offering prosaic ‘me too' solutions."

Continuing on the business need at the core of QSC's cinema speaker vision, Ferrell admits not every theater owner now believes better-than-prosaic audio quality is a business necessity. "But there's substantial agreement among theater industry analysts that it's just a matter of time before the combined hammer of slimming margins and attendance declines force a change," he asserts.

That forward leaning strategy, and a reputation for exceptionally close working relationships with consultants, gave QSC Audio the edge to provide the amplifier, processing, and speaker solution for the "flagship dome of its type on Planet Earth," states Michael Krewitsky.

"QSC was the place to go because the products, first of all, sounded the best, and they were the most responsive company, as far as coming back and saying ‘yes, we'll build you what you want,'" John Young, A/V specialist for the Center.

Although there were significant cost efficiencies in the purchase, John adds, "cost savings wasn't the first thing on our list. We wanted the best thing we could possibly get. QSC Audio has rock solid gear."

The decision to go with QSC wasn't a spur of the moment choice for the renovation team. Over the course of two years, John and Mike carefully compared audio systems and capability from every major player in the industry.

Krewitsky explains, "This is another reason why QSC got the job. Because the company has really been focusing on the cinema speaker business - speakers for actual movie theaters. And these are a specialized version of their cinema line. This is theater stuff that's adapted especially for surround sound and IMAX. QSC has been really pushing the envelope on this new technology."

How did the job turn out for Pro Sound, Inc? "We've become aware that several people who have heard this newest IMAX have stated, it's easily the best sounding IMAX theater in the world... And the finished audio installation cost the facility owners 15 percent less than some other IMAX theaters," Krewitsky concludes.

Audio Equipment List:
The 6.1 surround system:
2 Basis 922az controllers
2 Basis 914 controllers
6 DCA 1644 amplifiers
2 DCA 3422 sub amplifiers
6 SC-424-8F 4-way dual 15-inch full range speakers with custom horn pattern
4 stock SB-7218 dual 18-inch subs
Pro Tools HD 3 Accel for Mac

QSC Audio Products, Inc. is a leading manufacturer of power amplifiers, loudspeakers, signal processing, digital signal transport, and computer control systems for professional audio markets worldwide. For more information, contact QSC Audio Products, Inc., 1675 MacArthur Blvd., Costa Mesa, CA 92626 USA. Phone: 800-854-4079 (USA only) or 714-754-6175. Fax: 714-754-6174. E-mail: info@qscaudio.com, or visit their official site.

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SAN FRANCISCO - Flixster Inc., producer of the world's largest online movie community at www.Flixster.com, today announced that it has acquired Rotten Tomatoes from IGN Entertainment. IGN, a division of News Corporation, will receive a minority equity stake in Flixster as part of the acquisition. Financial terms of the transaction were not disclosed.

The combination of Flixster and Rotten Tomatoes reaches a huge global movie audience of an estimated 30 million monthly visitors worldwide across multiple platforms: on the Internet, through web-based social networks, and via mobile apps for the iPhone, Blackberry and Android devices.

Both Flixster and Rotten Tomatoes will continue to be available to movie fans as individual properties. Together, Flixster and Rotten Tomatoes give movie audiences an unprecedented total picture of movie trends and opinions, combining half a million reviews from leading critics with 2.3 billion user ratings and reviews.

"To use movie terminology, we think this is a blockbuster double-bill," said Joe Greenstein, co-founder and CEO of Flixster. "It's a huge step forward in our goal of connecting users to their own personalized world of movies on any platform they choose. We can't think of a better pairing for movie fans and our technology partners."

Flixster's president and COO Steve Polsky added, "Rotten Tomatoes has built a fantastically well-known brand that moviegoers trust when making their decisions. Combined with Flixster's social networking and word-of-mouth, we're creating the leading movie destination on the Internet."

"Joining Rotten Tomatoes with Flixster creates a company that can dominate the online movie category," said Roy Bahat, president of IGN Entertainment, who will join Flixster's board of directors as an observer. "This also enables IGN to focus on serving the male 18-to-34 audience - especially videogamers - and the advertisers looking to reach them."

Flixster already operates the leading embedded movie applications on Facebook, MySpace, Bebo, iGoogle, and for the iPhone, Android devices, Blackberry and Palm Pre. Together, Flixster and Rotten Tomatoes will be the most comprehensive, one-stop movie-information provider for both end users and technology partners, including: a database of more than 250,000 movies; 2.3 billion user reviews; 500,000 critic reviews; more than 20,000 trailers and videos; the well-known TomatometerTM and Flixster Scores; unique movie news and editorial content; category-leading social-networking features; localized movie showtime information; theater maps; and online ticketing.

Prior to the acquisition, Flixster and Rotten Tomatoes partnered in several areas, including a recent deal that syndicates critic reviews from Rotten Tomatoes to Flixster's online movie community, both on the Web and via Flixster's mobile apps.

Since its inception in early 2006, Flixster has rapidly become the Web's largest community for movie fans, with more than 20 million monthly users.

As the web's leading aggregator of reviews from top movie critics, Rotten Tomatoes offers the most comprehensive guide to movies, and its TomatometerTM rating - based on the published opinions of hundreds of film critics - is a trusted measurement of movie quality for millions of moviegoers. The site has also seen tremendous year-over year growth, with its monthly unique user base rising on average nearly 40 percent in each of the past five months compared to the same months in 2008.

The deal follows a series of moves by IGN Entertainment to refocus its efforts on building out its suite of game-related and men's-lifestyle offerings. The company recently launched Game On, a videogames-dedicated portal on MSN, and its network of sites currently reaches the most concentrated audience of males 18 to 34 and technology influencers on the Web today.

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TORONTO and LOS ANGELES -- IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) today announced that for the fourth quarter ended December 31, 2009, IMAX DMR(R) gross box office worldwide reached the $100 million milestone, a first for the Company and an approximate 225% increase over last year's fourth quarter box office of approximately $31 million. Fourth quarter DMR gross box office results include the approximate $54 million generated from Twentieth Century Fox's Avatar: An IMAX 3D Experience. DMR gross box office of Hollywood DMR titles shown in the worldwide IMAX network increased 108% to a record $270 million compared to $130 million in fiscal 2008.

"Our strong 2009 box office results reflect the compelling film slate put together, our aggressive network expansion and increased productivity in many of our existing theatres," said Richard L. Gelfond, CEO of IMAX Corporation. "We consistently delivered approximately 10% of the box office, on average, of any major title in our network this year on less than 3 percent of the screens. We look forward to our 2010 film slate with great anticipation, and are pleased to kick off the year with the juggernaut, Avatar, which opens in China this week."

"The combination of many of the best and coolest titles Hollywood has to offer and audience enthusiasm for the IMAX(R) brand is a great one-two punch that has driven ticket sales at existing and new IMAX locations. We look forward to continuing to deliver significant value to our studio and exhibitor partners," said Greg Foster, Chairman and President, IMAX Filmed Entertainment. "We appreciate those that have contributed to our significant growth, look forward to announcing more titles for 2010 and beyond in the weeks and months ahead, and working closely with both new and long time partners as we bring The IMAX Experience(R) to more moviegoers around the globe."

"IMAX has always added a special level of excitement to studio titles, but now the significant contribution to overall Hollywood box office is an undeniable indication of the importance of IMAX in the release of any potential blockbuster. Simply put, if it's not in IMAX, it's probably not an event film," said Paul Dergarabedian president of the box-office division of Hollywood.com, "When 230 screens in 2009 can deliver $270 million in worldwide box office, this says very clearly that moviegoers prefer to experience event-type films in the premium IMAX format."

In addition to the strength of IMAX DMR titles, the Company's original documentary, Under the Sea 3D, produced in partnership with Warner Bros., was released in February of 2009 and generated worldwide gross box office of approximately $25 million as of year-end. The Company will release its next original title, Hubble 3D, also in partnership with Warner Bros., in limited release in March 2010, and wide release in April 2010.

The Company's announced 2010 film slate includes:

Alice in Wonderland: An IMAX 3D Experience (Walt Disney Studios)
Hubble 3D (IMAX Corp.\Warner Bros.)
How to Train Your Dragon: An IMAX 3D Experience (Dreamworks
Animation)
Shrek Forever After: An IMAX 3D Experience (Dreamworks Animation)
Toy Story 3: An IMAX 3D Experience (Walt Disney Studios)
Twilight Saga: Eclipse: The IMAX Experience (Summit Entertainment)
Inception: The IMAX Experience (Warner Bros.)
Tron Legacy: An IMAX 3D Experience (Walt Disney Studios)

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