Liquid Media Group Ltd. (Nasdaq: YVR) (the “Company”, “Liquid
Media” or “Liquid”) today announces that its subsidiary, Digital
Cinema United (“DCU”), a leading worldwide technical content
services company, has entered into a multi-year service agreement
(“Agreement”) with Screenvision Media, a national leader in
delivering comprehensive advertising and content representation
services for top-tier cinema exhibitors, sports venues, e-gaming
platforms and other live events and venues.
Under the Agreement, DCU will manage the distribution of
advertising content at select Screenvision Media exhibitor partner
theatres. Additionally, Digital Cinema United will install its
cloud-based electronic delivery platform, DCU Connect, across over
650 US theatres and manage content delivery for Screenvision
Media’s advertising content. It will replace the physical delivery
of USB drives.
Liquid Media CEO, Josh Jackson, stated, “This agreement
strengthens our footprint within Screenvision’s vast network of
over 2,000 theaters. Delivering innovation to the industry through
our DCU Connect technology, Liquid remains committed to executing
on its growth initiatives across all subsidiaries as we continue to
build long-term shareholder value.”
“Digital Cinema United’s new partnership with Screenvision Media
continues to show the robustness of DCU Connect, allowing for not
just delivering feature and trailer DCPs, but also advertising
spots and long-form pre-show content to theatres across the U.S.,”
said Ronnie Ycong, Executive Vice President & General Manager –
Americas, Digital Cinema United.
John Marmo, Vice President Exhibitor Relations, Screenvision
Media, added, “Screenvision Media made the decision to partner with
Digital Cinema United due to its scalable, cost-effective
electronic DCP delivery solution, DCU Connect, which will provide
an easy-to-use download application for our exhibitor partners to
receive Screenvision Media advertising content.”
DCU Connect is 100% FREE to exhibitors and only requires the
installation of software. There is no hardware cost or installation
required and the software installation only takes less than 20
minutes to complete remotely. It is integrated with various TMS/LMS
systems, including GDC, Arts Alliance Media’s Screenwriter, EIKONA
and Cinema ACE.
With the announcement of this partnership, the rollout of the
technology will extend to over 3,000 locations globally.
“It’s the company’s goal to provide Screenvision Media, our
other distribution clients and global exhibition partners with a
secure, reliable delivery pipeline to download DCP content to
theatres across multiple territories around the world,” said Alan
Christensen, CEO, Digital Cinema United. “We are able to accomplish
this with DCU Connect, a product operating on SHARC
Technology.”
In addition to Screenvision Media, Digital Cinema United
provides DCP production and delivery services for over 700
distributors, content owners, filmmakers, event cinema providers,
film festivals, and sales agents globally, including the major
Hollywood studios.
For more information, Ronnie Ycong –
ronniey@digitalcinemaunited.com
About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an entertainment
company empowering independent IP creators. Liquid’s end-to-end
solution enables professional video (film/TV and streaming)
creation, packaging, financing, delivery, and monetization,
empowering IP creators to take their professional content from
inception through the entire process to monetization. Additional
information is available at www.LiquidMediaGroup.co.
About Digital Cinema United
Digital Cinema United (DCU), a Liquid Media Group company, is a
global provider of technical content services for theatrical, home
entertainment, and digital distribution platforms, with operations
in Los Angeles, London, Malta, Prague and South Africa. DCU
supports the distribution of content for Hollywood majors,
independent studios, event cinema distributors, and renowned
producers and content owners worldwide through DCP Production and
DCP Delivery services of feature films and movie trailers to all
cinemas in North America, Europe, Middle East, Africa, Australia
and New Zealand. DCU also provides International Servicing with
Localization worldwide and direct delivery to Video-On-Demand (VOD)
streaming platforms. DCU operates TPN (Trusted Partner Network)
certified facilities across all of its regions.
About Screenvision Media
Headquartered in New York, N.Y., Screenvision Media is a
national leader in delivering comprehensive advertising and content
representation services for top-tier cinema exhibitors, sports
venues, e-gaming platforms and other live events and venues. The
Screenvision Media cinema advertising network comprises 13,800
screens in 2000+ theatre locations across all 50 states and 94% of
DMAs nationwide; delivering through more than 150 theatrical
circuits, including 7 of the top 10 exhibitor companies.
CONTACT:Investors /
BusinessJustin KulikCORE IRjustin@coreIR.com
IndustryJane OwenJane Owen PR(323)
819-1122jane@janeowenpr.com
Cautionary Note Regarding Forward-Looking
StatementsThis news release includes statements containing
certain "forward-looking information" within the meaning of
applicable securities law ("forward-looking statements").
Forward-looking statements are typically identified by words such
as: "believe", "expect", "anticipate", "intend", "estimate",
"potentially" and similar expressions, or are those, which, by
their nature, refer to future events. These statements should not
be read as guarantees of future performance or results. Such
forward looking statements include, but is not limited to, Digital
Cinema United’s ability to install its cloud-based electronic
delivery platform to 3,000 locations to manage content, and involve
known and unknown risks, uncertainties and other factors that may
cause actual results, performance or achievements to be materially
different from those implied by such statements. Such factors
include, but are not limited to: developments related to the
COVID-19 pandemic, regulatory actions, market prices, continued
availability of capital and financing, and general economic, market
or business conditions, as well as additional risks disclosed in
the Company’s annual and quarterly financial reports available at
www.sedar.com, as well as reports that we file with the United
States Securities and Exchange Commission at www.sec.gov. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made. The Company is under no obligation, and expressly disclaims
any intention or obligation, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
applicable law.
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