LONDON & PARIS--(BUSINESS WIRE)--RealD Inc. (NYSE: RLD), a leading global licensor of 3D technologies, and France’s leading exhibitor, Les Cinémas Gaumont Pathé, announced today a multi-year extension to their 3D cinema deal under which RealD has been named the exclusive circuit wide 3D cinema technology provider. The new agreement increases the number of screens to be equipped with RealD 3D to up to 600 and calls for only RealD 3D technology to be utilized at current and future Les Cinémas Gaumont Pathé locations. RealD and Les Cinémas Gaumont Pathé signed their initial agreement in 2009 and Les Cinémas Gaumont Pathé currently has approximately 500 screens equipped with RealD 3D across theaters in France, The Netherlands and Switzerland.
“Les Cinémas Gaumont Pathé has been a great partner for RealD and this long-term exclusive extension is a testament to the premium quality of the RealD 3D cinema experience that audiences have come to expect at the theatre,” said Marlene Songin, Vice President, Cinema, EMEA at RealD.
“RealD provides the best technology for 3D and we want the best for our customers. We are delighted to continue and deepen our relationship with RealD,” added François Ivernel, Chairman, Gaumont Pathé Movie Theaters.
RealD is the world’s most widely used 3D cinema technology, with over 18,700 screens equipped with RealD 3D in approximately 60 countries around the world.
About RealD Inc.
RealD 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 Les Cinémas Gaumont Pathé
Les Cinémas Gaumont Pathé is currently the leading exhibitor in France and one of the most prominent exhibitors in Europe. Currently it operates 73 cinemas and 740 screens in France, 22 cinemas and 157 screens in The Netherlands, and 10 cinemas and 70 screens in Switzerland. Les Cinémas Gaumont Pathé never ceases to impress its audiences with its continued effort to bring them the best comfort and a rich diversity of films, and it is fully committed to digital projection for future growth. In 2010, the Gaumont Pathé Theaters realized 67.7 million admissions in Europe.
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 Les Cinémas Gaumont Pathé theater circuit. 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.
© 2011. RealD Inc. All Rights Reserved.