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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Morristown, N.J. - Cinedigm Digital Cinema Corp. ("Cinedigm") (NASDAQ:CIDM) (formerly AccessIT) today announced an agreement with Sony Pictures Releasing Corporation ("SPRC") supporting its "Phase Two" Digital Cinema Deployment Plan for up to 10,000 digital cinema projection systems. Over the next three years, SPRC will supply its upcoming pictures in a DCI-compliant format to Cinedigm installed theatres in the United States and Canada, when booked, and will make financial contributions for a limited time to promote DCI-compliant digital cinema technology (a new and higher quality delivery format).

This agreement extends the strong commitment to digital cinema between the parties and reinforces Sony Pictures' desire to advance the industry's transition to digital. During Cinedigm's "Phase One" deployment, which commenced in the fall of 2005 and was completed in the fall of 2007, more than 3,700 digital cinema systems were installed in the U.S. and Canada.

"Sony Pictures Releasing Corporation has been an important partner to Cinedigm. We're happy to have their commitment to our Phase Two Deployment Plan as we know it will help to create a better experience for audiences at their local theatre," commented Bud Mayo, chairman and chief executive officer of Cinedigm. "We look forward to adding other studios and exhibitors to our Phase Two plan as we broaden the digital cinema footprint in the U.S. and Canada."

"Cinedigm has been an industry leader in digital cinema and we are proud to be their partner in enhancing the theatrical experience for consumers in North America," said Rory Bruer, President of Worldwide Distribution for Sony Pictures Worldwide Marketing & Distribution.

Chuck Goldwater, president of Cinedigm's Media Services Group, added: "Sony Pictures Releasing's partnership with Cinedigm in our Phase One deployment was a key to our successful installation of our first 3,700-plus screens. We know that their renewed support will be vital to Cinedigm in helping us bring even more benefits of the technology, including 3-D and alternative content, to theatre-goers in the U.S. and Canada. Cinedigm is proud to be SPRC's trusted partner in making digital cinema happen."

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FREDERICKSBURG, VA - Harkness Screens, the world's leading manufacturer of projection screens for entertainment venues, and Malco Theaters, a chain of renowned movie theaters, have teamed up to give theater patrons the very best movie-viewing experiences through Harness Screens' Perlux 220 3D screen.

"Harkness Screens has presented the best-looking image of anything I've seen and they have significantly raised the bar with the introduction of the Perlux 220," says Michael Thomson, vice president of operations and technologies for Malco Theaters. "This type of screen is exactly what the 3D digital format, specifically Dolby Digital 3D, benefits from most."

Malco Theaters currently has two of the largest 3D images available in the country, both utilizing Harkness' Perlux 220 screens. The first is located in Paradiso Cinema in Memphis, TN with a 3D image sized at 61 feet; the other is located in the Grandview Cinema in Madison, MI, which is Malco's largest theater in the US. The 68-foot image, supported by Harkness' Perlux 220, is currently the largest 3D image in the world.

Malco Theaters is also one of two test sites for Dolby Laboratories for Dolby 3D. Harkness' Perlux 220 was chosen as the best screen for that format.

Perlux Screens are considered by leading cinema exhibitors and special venue operators worldwide to be the premier gain projection surface. Meeting the requirements for the highest possible gain (2.2) while maintaining acceptable viewing angles, Perlux 220 is particularly suitable for active and passive 3D systems (not using polarized light) and for large 2D systems.

Perlux 220 is noted for its invisible seams under normal projection conditions. Perlux 220 is available in full screen perforated form where behind screen speakers are required. Mini-perforated and non-perforated options are also offered.

With approximately 320 screens, in over 30 locations throughout Arkansas, Kentucky, Missouri, Mississippi and Tennessee, Malco Theaters is one of the nation's leading movie exhibition chains. Malco Theaters bought its first Harkness screen back in the early 1970s. Today, 90 percent of the company's screens are manufactured by Harkness with the Perlux 220 being their showcase screen.

"Harkness Screens has been tremendously attentive to our needs," continues Thomson. "Over the next few years, our industry and our company are very much in a state of change as we move toward digital cinema. We want to maintain our reputation as the very best in the industry and with Harkness Perlux screens, we feel our reputation is safe."

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