NEW YORK --

Carl C. Icahn released the following statement today:

"We are holders of significant positions in both Lions Gate stock and MGM debt. Today, Lions Gate has made a proposal to combine these two companies. We believe that this combination of Lions Gate and MGM would enhance value for all constituencies and we believe this proposal as submitted is far better for MGM holders than the current proposal to combine MGM with Spyglass. In addition, we also believe such a combination transaction would enhance the value of Lions Gate shares. However, we intend to continue to pursue our lawsuits regarding Lions Gate's recent dilutive transaction with Mark Rachesky. Whether or not we prevail in those lawsuits, we intend to continue to support a combination of Lions Gate and MGM. Our support for this combination is conditioned on the combined company having satisfactory corporate governance provisions."

 

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LOS ANGELES, CA and MORRISTOWN, NJ -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) today issued an update on the state of the digital cinema industry in the United States and Canada.

James Cameron's "Avatar" prompted exhibitors to deploy digital 3D screens in late 2009, and the outsized success of that movie has prompted continued deployment on a global scale. At present, there are 12,802 digital screens in the U.S. and Canada, out of an estimated population of 39,000 screens*, representing a 65% uptick from this time last year.

Exhibitor interest in digital cinema is not limited to blockbuster 3D movies, however. Digital cinema enables exhibitors to turn their theatres into complex entertainment destinations, offering live sporting events (often in LIVE 3D), big-screen gaming, concerts, family friendly programming and much more.

"Live 3D sporting events, concerts in 3D, interactive gaming, greater numbers of independent films and other programmatic content - digital cinema opens up an entire world of entertainment options for networked digital theatres," said Adam M. Mizel, co-CEO, Cinedigm. "Cinedigm's digital cinema platform has helped drive the effort to reach this point, but much more is possible as the wave of digital cinema adoption rolls out across North America and the world. We've only just begun."

Cinedigm has served as a driving force in the exhibition industry's transition to digital. And resulting from Cinedigm's Phase One and Phase Two digital cinema deployment programs, Cinedigm has to date signed 57 exhibitors in the United States and Canada, comprising of more than 6,000 digital screens. Upon final installation, these screens will account for almost 50% of the total 12,802 digital screens in the United States and Canada*. Slightly more than half of all digital screens have the capability to show movies, events and other forms of alternative content in 3D.

Since launching the Phase Two digital cinema deployment program last year, Cinedigm has:
• Closed 26 Cinema Buying Group exhibitors, representing close to 800 screens
• Closed exhibitor buyer deals representing close to 1,600 screens
• Closed Cinedigm financed deals, representing almost 800 screens
• Installed approximately 1,200 additional digital screens

"We are pleased with and proud of our progress," said Gary S. Loffredo, co-CEO, Cinedigm. "We are experiencing increasing interest in our digital cinema deployment program and expect the momentum to lead to an expansion of our signed backlog and an increase in the number of digital cinema installations."

Like other successful technology innovators, Cinedigm provides a critical platform that combines the digital cinema projectors/servers they finance and install, with industry leading satellite, hard drive and now fiber/internet delivery platform, as well as Cinedigm software to make the whole platform work. Cinedigm then leverages this platform with innovative applications: alternative content and independent film marketing and distribution; software and data analytical applications and pre-show, web and kiosk based advertising.
* These figures do not include IMAX screens.

 

 

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SHOWEAST, Orlando -- GDC Technology ("GDC"), a world leading digital cinema solution provider, announced today that it has opened a new state of the art training facility at its Sterling, VA office to better serve its North American client-base.

"GDC's Sterling training facility features large panel TV screens which allows the attendees to see in real time the operational relationships of server to server, server to projector and VPN functionality presented in a way that visually benefits the class and enhances their learning curve," said Tim Folk, Executive Vice President of GDC Technology. "With the advent of digital cinema, acquiring a solid foundation in networking is key to digital theatres operations. We are providing an environment that allows our trainees and customers a hands on experience in configuring, customizing and networking their GDC servers."

GDC training courses are tailored to skill levels and depth of information needed. These courses provide specific proficiencies for theatre managers, projectionists, service and installation partners as well as field service engineers. Each participant is given printed manuals and course materials based on the course components they have chosen and can take the material with them to use as technical reference.

"We provide a tiered course curriculum. We start with user training which covers the basics of daily operations and progresses to installation then we provide in depth maintenance and service training," said Gray Eby, Training Manager of GDC Technology. "The duration of each course is about six hours and ends with a proficiency quiz. After the quiz, we have the opportunity to spend one-on-one time with the participants to discuss any troubleshooting issues they may face or review features that may benefit their operation."

"The training groups are kept small, 12 participants or less to ensure plenty of hands-on practice to thoroughly familiarize everyone with GDC's software features and server functionality," said Mr. Folk. "In order for GDC to be an effective partner, we need to provide our exhibitors and integrators with the tools they need to run successful businesses. Our clients have invested in GDC and in turn, GDC will invest heavily in their success."

"GDC also offers an online training course that allows the participant to view the courses via the internet, and all training program materials are sent to each person prior to their class date," said Mr. Eby. "We understand how difficult it may be for an installer or and an exhibitor to set aside time to physically attend a class, so we have tried to be as flexible as possible and make our courses available through the internet." Though GDC recommends physical attendance due to the hands on nature of the courses, arrangements can be made for online courses. User Level and Service Level Training certificates are awarded upon the successful completion of the course quiz.

GDC's Sterling office is conveniently located just outside the nation's capital only seven miles north of the Dulles Airport and shuttle service to the training facility is provided. Two hotels are within walking distance as well as many restaurants and services. To find out more information about GDC's training program and schedule please email us-training@gdc-tech.com. GDC also offers training courses at their West Coast office located in Burbank, CA. on a request basis.

 

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LOS ANGELES, Oct. 11 /PRNewswire/ -- Morgan Freeman has been selected by the American Film Institute's (AFI) Board of Trustees to receive the 39th AFI Life Achievement Award, the highest honor for a career in film, it was announced today by Sir Howard Stringer, Chair of the AFI Board of Trustees.

The award will be presented to Freeman at a gala tribute on Thursday, June 9, 2011 in Los Angeles, CA. TV Land will broadcast the 39th AFI Life Achievement Award tribute on TV Land PRIME later in June 2011.

"Morgan Freeman is an American treasure," said Stringer. "Across decades, whether playing a prisoner, a president or God, he embodies a calm authority that demands respect for the character and for the art form. His gifts to the cultural record are also underscored by his unmistakable voice that echoes through the hearts and minds of movie lovers around the world. AFI is proud to present him with its 39th Life Achievement Award."

Last year's AFI Tribute to Mike Nichols brought together the film community in unprecedented fashion, including Warren Beatty, Annette Bening, Candice Bergen, Cher, Michael Douglas, Nora Ephron, Calista Flockhart, Harrison Ford, Tom Hanks, Dustin Hoffman, Eric Idle, Shirley MacLaine, Elaine May, Jack Nicholson, Mary Louise Parker, Natalie Portman, Julia Roberts, Kevin Spacey, Meryl Streep, Emma Thompson, Sigourney Weaver, Robin Williams and a special musical performance by Simon and Garfunkel.

About Morgan Freeman

Academy Award®-winning actor Morgan Freeman is one of the most recognizable figures in American cinema. His works are among the most critically and commercially successful films of all time and Freeman himself ranks 10th among worldwide top-grossing actors of all time. His films have earned over $3 billion in cumulative ticket sales. Whether a role requires an air of gravitas; a playful smile, twinkle of the eye or a world-weary, yet insightful soul, Freeman's ability to delve to the core of a character and infuse it with a quiet dignity has resulted in some of the most memorable portrayals ever recorded on film.

Freeman won the Academy Award® in 2005 for Best Supporting Actor for his role in "Million Dollar Baby." In 1990 he won the Golden Globe for Best Actor for his performance in "Driving Miss Daisy." Freeman also received an Academy Award nomination in 1987 for Best Supporting Actor for "Street Smart" and in 1994 for Best Actor for "The Shawshank Redemption."

In 2000 Freeman was honored with the Hollywood Actor Award from the Hollywood Film Festival. Eight years later he received the coveted Kennedy Center Honor for his distinguished acting.

In 2010 he received an Academy Award® nomination, a Golden Globe nomination and a Broadcast Critics Association nomination for his performance as Nelson Mandela in the acclaimed film "Invictus." He also won the National Board of Review award for Best Actor and was the film's executive producer. The picture was produced by Revelations Entertainment, the company he co-founded in 1996 with a mission to produce films that enlighten, express heart, and glorify the human experience. Other Revelations features include "Levity," "Under Suspicion," "Mutiny," "Bopha!", "Along Came a Spider," "Feast of Love," "10 Items or Less" and "Maiden Heist."

Freeman's credits include Summit Entertainment's comedic espionage thriller "Red," "The Dark Knight," "The Bucket List," "Glory," "Clean and Sober," "Lean on Me," "Robin Hood: Prince of Thieves," "Unforgiven," "Se7en," "Kiss the Girls," "Amistad," "Deep Impact," "Nurse Betty," "The Sum of All Fears," "Bruce Almighty, "Nurse Betty," "Coriolanus," "Attica," "Brubaker," "Eyewitness," "Death of a Prophet" and "Along Came a Spider." He also narrated two Academy Award® documentaries "The Long Way Home" and "The March of The Penguins." His next film "Dolphin's Tale" begins production in the fall of 2010.

After beginning his acting career on the off-Broadway stage productions of "The Niggerlovers" and the all- African-American production of "Hello Dolly", Freeman segued into television. Many people grew up watching him on the long-running Children's Television Workshop classic "The Electric Company", where he played several recurring characters. Looking for his next challenge, he set his sights on both The Great White Way and silver screen simultaneously and quickly began to fill his resume with memorable performances.

In 1978 Freeman won a Drama Desk Award his role as Zeke in "The Mighty Gents." He also received a Tony Nomination for Best Performance by a Featured Actor.

His stage work continued to earn him accolades and awards, including Obie Awards in 1980, 1984 and 1987 and a second Drama Desk Nomination in 1987 for the role of Hoke Colburn which he created for the Alfred Uhry play "Driving Miss Daisy" and reprised in the 1989 movie of the same name.

In his spare time, Freeman loves the freedom of both sea and sky; he is a long-time sailor and has earned a private pilot's license. He also has a love for the blues and seeks to keep it in the forefront through his Ground Zero club in Clarksville, Mississippi, the birthplace of the blues. In 1973 he co-founded the Frank Silvera Writers' Workshop, now in its 37th season. The workshop seeks to serve successful playwrights of the new millennium. He is a member of the Board of Directors of Earth Biofuels, a company whose mission is to promote the use of clean-burning fuels. He also supports Artists for a New South Africa and the Campaign for Female Education.

About the AFI Life Achievement Award

The highest honor given for a career in film, the AFI Life Achievement Award was established by the AFI Board of Trustees on February 26, 1973. It is presented to a single honoree each year based on the following criteria as mandated through a resolution passed by the AFI Board of Trustees:

"The recipient should be one whose talent has in a fundamental way advanced the film art; whose accomplishment has been acknowledged by scholars, critics, professional peers and the general public; and whose work has stood the test of time."

AFI Life Achievement Award Recipients

Morgan Freeman joins an esteemed group of individuals who have been chosen for this distinguished honor since its inception in 1973.

1973

John Ford

1974

James Cagney

1975

Orson Welles

1976

William Wyler

1977

Bette Davis

1978

Henry Fonda

1979

Alfred Hitchcock

1980

James Stewart

1981

Fred Astaire

1982

Frank Capra

1983

John Huston

1984

Lillian Gish

1985

Gene Kelly

1986

Billy Wilder

1987

Barbara Stanwyck

1988

Jack Lemmon

1989

Gregory Peck

1990

David Lean

1991

Kirk Douglas

1992

Sidney Poitier

1993

Elizabeth Taylor

1994

Jack Nicholson

1995

Steven Spielberg

1996

Clint Eastwood

1997

Martin Scorsese

1998

Robert Wise

1999

Dustin Hoffman

2000

Harrison Ford

2001

Barbra Streisand

2002

Tom Hanks

2003

Robert De Niro

2004

Meryl Streep

2005

George Lucas

2006

Sean Connery

2007

Al Pacino

2008

Warren Beatty

2009

Michael Douglas

2010

Mike Nichol

 

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