The Extension of the Exclusive Deal with Wanda Cinema Line includes Doremi 2K & 4K IMB/ShowVault servers throughout China
Doremi announced today the exclusive sale of 350 digital cinema servers to China's Wanda Cinema Line the world's largest cinema operator. Wanda Cinema Line has 100 premium cinemas with plans to have more than 1,000 screens across China by the end of 2012. They will add another 35 cinemas with 350 screens in China by the end of 2013. The acquisition of Doremi's Integrated Media Block (IMB) with ShowVault digital cinema servers will supplement their continued rapid expansion across Asia.
Our rapid expansion and recent acquisition calls for reliable products and flexible features. Both of which have been proven by Doremi during our initial deployment of their servers and IMBs in 2011 stated Ye Ning, General Manager of Wanda Cinema Line, They offer complete solutions and a future proof product line, which is essential for our progression.
China's cinema industry is rapidly growing and we are thrilled to supply Doremi's unparalleled server technology and products to Wanda Cinema Line, said Michael Archer, Vice President of Doremi Cinema. Wanda, who is committed to the latest technology and patron satisfaction, represents the next generation of exhibition in Asia and across the world. We are happy to assist their growth with our technology.
In May 2012, Wanda Group acquired the U.S.-based AMC Theaters. Following the merger it is now the world's largest cinema operator. Wanda Cinema Line is a subsidiary of Wanda Group, it is the No.1 cinema chain in China.
About Wanda Group Co., Ltd.
Wanda Group was founded in 1988 and operates in five major industries, including commercial properties, luxury hotels, tourism investment, cultural Industry, and department store chain. The company has assets of 250 billion yuan ($40 billion) and an annual income of 140 billion yuan ($22.2 billion), and pays 20 billion yuan ($3.2 billion) in taxes. The company now operates 55 Wanda Plazas, 34 five-star hotels, 814 cinema screens, 46 department stores and 51 karaoke outlets across the country. By 2015, the company aims to increase its assets to 300 billion yuan ($44.8 billion) and income to 200 billion yuan ($31.7 billion), and pay 30 billion yuan ($4.8 billion) in taxes, becoming a world-class enterprise.
www.wanda.cn
About Wanda Cinema Line
Founded in 2005, Wanda Cinemas had built more than 100 cinemas and owned a total of over 1000 screens by the end of 2012. Box office revenues totaled almost RMB2.3 billion in 2012, with over 40 million viewers attracted during the year. This has firmly made Wanda Cinemas the No.1 cinema operator in China. With the continuous expansion of its cinemas, Wanda has crystallized its goal to build up the core competency of a chain cinema service brand. Centering all efforts on the film viewing values and experience of the audience is the core philosophy behind Wanda Cinemas' chain operation services. Chain operation ability, marketing innovation ability and service branding ability are the three primary elements that manifest Wanda Cinemas' core competitiveness.
www.wandafilm.com
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The Extension of the Exclusive Deal with Wanda Cinema Line includes Doremi 2K & 4K IMB/ShowVault servers throughout China
