Liquid Media Group Subsidiary Digital Cinema United adds Exhibitor Alamo Drafthouse Cinema to Cloud-based DCP Delivery Platform
15 August 2023 - 3:00PM
Liquid Media Group Ltd. (the “
Company”,
“
Liquid Media” or “
Liquid”)
(Nasdaq: YVR) is pleased to announce the ongoing growth of
subsidiary Digital Cinema United (“DCU”)’s cloud-based electronic
delivery platform, DCU Connect, adding Exhibitor Alamo Drafthouse
Cinema. Known for their curatorial approach to programming,
showcasing first-run releases as well as a mix of independent and
classic films, Alamo Drafthouse is now the 12th largest theatrical
exhibitor in North America, operating 39 theatre locations and 315
screens.
DCU Connect, DCU’s DCP delivery platform, is a
software-based platform that takes 10 minutes to install per
location. Requiring no hardware, the platform currently fully
integrates with numerous TMS/LMS systems which include Arts
Alliance Media’s Screenwriter, GDC, Rosetta Bridge and Cinema ACE.
Relied upon by more than 15,000 screens worldwide, the platform has
been praised for its affordability, reliability, and customization
opportunities, by Exhibitors of all sizes including arthouses,
drive-in theatres, independently owned theatres and the major
theatrical circuits.
“DCU Connect continues to expand its footprint
amongst Exhibitors worldwide, delivering reliable, fast,
cost-effective DCP services to our valued clients in the theatrical
exhibition and film distribution community,” said Ronnie Ycong, the
Executive Vice President and General Manager of Digital Cinema
United, Americas. “The move to e-delivery further reduces risks of
delays due to weather, mechanical, and other related issues,
increasing operational efficiency for our clients and reducing fuel
emissions associated with the legacy model of shipping hard
drives.”
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.
Additional information is available
at https://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.
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, and include such
statements that Liquid will effect the proposed Share Consolidation
and that per share price will increase as a result of such Share
Consolidation. These statements should not be read as guarantees of
future performance or results. These statements should not be read
as guarantees of future performance or results. Such statements
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: 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 and annual report on
Form 20-F as well as other reports filed with the SEC 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.
CONTACT:Investors / BusinessJustin KulikCORE
IRjustin@coreIR.com
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