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Saturday, Jun 10, 2023

Cinedigm in Digital Theater Deal with Belmont Capital

Cinedigm Digital Cinema Corp. will provide financing to a movie theater chain operating in the Northeastern United States to install digital cinema equipment. The agreement between Woodland Hills-based Cinedigm and Belmont Capital LLC applies to 11 theaters totaling 89 screens operated by Belmont under the “Your Neighborhood Theatres” brand. The installation of the digital equipment made by NEC Display Solutions will be completed this fall. Digital cinema allows Belmont to continue providing a personalized neighborhood theater experience by enabling programming of customized and tailored content for its local theater-going audience, said Cinedigm President Gary Loffredo. “After considering all of our options for our digital cinema deployment, we are confident that in choosing Cinedigm we have made the best choice for Belmont,” said Mark Benvenuto, Vice President of Operations, Belmont Capital, in a prepared statement. “We look forward to taking full advantage of the digital cinema conversion and the many benefits it provides to our operations and our customers.” Cinedigm has digital screen deals with 260 exhibitors with 10,787 screens installed as of Sept. 14. Mark R. Madler

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