RealD Inc. (NYSE: RLD), a leading global licensor of 3D technologies, and Bona Film Group Limited (NASDAQ: BONA), a leading film distributor in China, announced today an agreement to install RealD 3D technology on one hundred cinema screens across the Bona theatre circuit in China. Installations have already begun with Bona planning to install RealD 3D technology at each of the company’s eleven theatre locations.
“3D technology gives moviegoers a more immersive visual experience, which takes the movie business to a new level,” said Dong Yu, Chairman and CEO of Bona Film Group. “Bona strives for the highest industry standard, both in movie production and exhibition, which is why we selected RealD to equip all of our locations with the latest 3D technology. With RealD, our theatres will deliver a crisper image, fully utilizing the advantages of 3D technology to bring audiences an experience that is more real.”
“We share Bona’s commitment to using state-of-the-art technology to deliver a brighter and more lifelike cinema experience to moviegoers,” said Edman Chan, RealD General Manager of Greater China, Southeast Asia and Korea for Cinema. “RealD technology delivers 3D brightness that surpasses other 3D technologies and big screen brands. This advantage gives audiences a better entertainment experience and is a key reason for RealD’s expanding theatre network in China.”
RealD 3D is currently available on approximately 650 cinema screens in China with screen commitments totaling approximately 1,400 screens in the territory.
Globally, RealD is the world’s most widely used 3D cinema technology with approximately 20,200 screens equipped with RealD 3D (as of March 23, 2012) by approximately 900 exhibitors in 68 countries around the world.
About RealD Inc.
RealD (NYSE: RLD) is a leading global licensor of 3D technologies. RealD’s extensive intellectual property portfolio is used in applications that enable a premium 3D viewing experience in the theater, the home and elsewhere. RealD licenses its RealD Cinema Systems to motion picture exhibitors that show 3D motion pictures and alternative 3D content. RealD also provides its RealD Display, active and passive eyewear, and RealD Format technologies to consumer electronics manufacturers and content producers and distributors to enable the delivery and viewing of 3D content. RealD’s cutting-edge 3D technologies have been used for applications such as piloting the Mars Rover.
RealD was founded in 2003 and has offices in Beverly Hills, California; Boulder, Colorado; London, United Kingdom; Shanghai, China; Hong Kong; and Tokyo, Japan. For more information, please visit our website at www.reald.com.
About Bona Film Group Limited
Bona Film Group Limited (NASDAQ: BONA) is a leading film distributor in China, with an integrated business model encompassing film distribution, film production, film exhibition and talent representation. Bona distributes films to Greater China, Korea, Southeast Asia, the United States and Europe, invests and produces movies in a variety of genres, owns and operates eleven movie theaters and manages a range of talented and popular Chinese artists.
For more information about Bona, please visit http://www.bonafilm.cn.
Cautionary note on forward-looking statements
This press release includes forward-looking information and statements, including but not limited to: statements concerning the anticipated rollout of RealD 3D technology across the Bona Film Group circuit and the growth of the 3D cinema industry in China. These statements are based on RealD’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside RealD’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. RealD’s annual and quarterly reports include a more detailed discussion of the risks and uncertainties that may cause that could cause actual results to differ materially from the results discussed in the forward-looking statements.
RealD undertakes no obligation to update publicly the information contained in this press release, or any forward-looking statements, to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.
© 2012 RealD Inc. All Rights Reserved
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Source: Press Release
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