Showeast 2012: DGT Offers D-Cinema Deployment Deals To Exhibitors in Latin America
DGT Servicos de Monitoramento, the Brazilian-based arm of DGT Cinema, will offer digital cinema deployment deals to exhibitors in Latin America--a region where the majority of theaters still rely on film.
The company announced on Monday the signing of separate non-exclusive digital cinema deployment agreements, with each of six major studios to assist exhibitors in the Latin American region to convert their cinemas to digital. Those studios are Walt Disney Motion Pictures International and The Walt Disney Company, Twentieth Century Fox International, Paramount Pictures Brasil Distribuidora de Filmes, Warner Bros. Pictures International, Sony Pictures Releasing International, and Universal Pictures.
Subject to the terms and conditions under each agreement, Disney, Fox, Paramount, Sony Pictures, Warner, and Universal will each separately make contributions—commonly referred to as a Virtual Print Fee—toward the financing of DCI-compliant digital cinema projection systems when supplying films, if booked, in certain countries in digital form to DGT’s exhibitors.
DGT is authorized to rollout up to 2,400 screens in Argentina, Brazil, Chile, Columbia and Peru. More countries and screens might be added to the studio agreements at a later date.
At this stage, just 25% of the screens in South America have been converted to digital, according to MKPE Consulting president Michael Karagosian, who led negotiations for DGT.
Said DGT CEO Tieres Tavares: "The independent exhibitors in Latin America are ready to convert 100% to digital projection, and appreciate the support of the U.S. studios to do so."
Bardan International, a cinema supply house that services Latin America, is a partner in DGT Cinema.