The number-one movie of the weekend, The Incredible Hulk, dominated not only at the box office but also in the percentage of tickets sold online. MovieTickets.com reports that on opening day (June 13), nearly half (46 percent) of all tickets sold via the internet ticketing service were for Hulk. The movie continued to show its muscle in online ticketing on Saturday, June 14, representing nearly 40 percent of all tickets sold at MovieTickets.com. As of Noon ET today, the movie has again taken the top spot in number of tickets sold, coming in at 32 percent.

Also, according to MovieTickets.com exit poll data garnered from 1,555 moviegoers who saw Hulk, an overwhelming 85 percent rated the move as "excellent" or "very good." Further, the movie appeared to be equally enjoyed across the board, with a uniform number of males and females under and over 25 years old rating it as "excellent" or "very good."

 

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MORRISTOWN, N.J., June 12, 2008 /PRNewswire-FirstCall via COMTEX/ -- Access Integrated Technologies, Inc. reported a 72% increase in revenues, to a record $81 million for the fiscal 2008 year ended March 31, 2008, versus the year-ago period. The Company posted an Adjusted EBITDA* of $30.3 million or $1.19 per share, and a net loss of $35.7 million or $1.39 per share. The net loss includes non-cash expenses for depreciation, amortization of intangible assets, non-cash interest, debt refinancing, impairment of intangible assets and stock-based compensation aggregating $44.4 million or $1.74 per share.

The Company reported a 26% increase in revenues versus the year-ago period to a record $21.9 million for the fiscal 2008 fourth quarter ended March 31, 2008. In the quarter, the Company posted an Adjusted EBITDA of $8.9 million or $0.34 per share, and a net loss of $11.2 million or $0.43 per share. The net loss includes non-cash expenses for depreciation, amortization of intangible assets, non-cash interest, impairment of intangible assets and stock-based compensation aggregating $14.5 million or $0.55 per share.

Bud Mayo, Chief Executive Officer of AccessIT, stated, "Fiscal 2008 was a year of great achievement for AccessIT. Among the many accomplishments in our Media Services Segment, we completed our Phase 1 digital cinema deployment of more than 3,700 screens, announced our Phase 2 deployment of an additional 10,000 screens and, in connection with our Phase 2 rollout, we have already entered into definitive agreements with four of the six major studios up to provide content and to pay VPFs. We also executed our first live satellite-delivered event with Disney/ESPN as our partner, expanded our satellite network to 254 multiplex sites covering 109 markets, and signed our first international agreement with Doremi Labs Inc. to provide our Theatre Command Center(TM) software and Library Management Server(TM) to customers internationally. In the Content and Entertainment segment, we signed an exclusive agreement with the San Francisco Opera to bring their performances to theatres throughout the world, and expanded our popular music and Kidtoons offerings. The Advertising and Creative Services unit has been through a major shift and we hope will be able to provide incremental national advertising to all of its screens during fiscal 2009. On the financing side, effective August 1, 2008, we have reduced the interest rate on $200 million of our outstanding GE debt by 2.5 percent to 7.3 percent, and continue to make progress on our refinancing efforts for our Phase 1 debt facility as well as preparations for the financing of Phase 2."

* Adjusted EBITDA is defined by the Company to be earnings before interest, taxes, depreciation and amortization, other income (expense), net, stock-based compensation and non-recurring items. Adjusted EBITDA is presented because management believes it provides additional information with respect to the performance of its fundamental business activities. A reconciliation of Adjusted EBITDA to Generally Accepted Accounting Principles ("GAAP") net income is included in the table attached to this release. Adjusted EBITDA is a measure of cash flow typically used by many investors, but is not a measure of earnings as defined under GAAP, and may be defined differently by others.

 

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Christie Digital Systems USA, Inc., a global leader in Digital Cinema, was selected by Warren Theatres as the exclusive DLP Cinema provider for its spectacular new 14-screen multiplex in Moore, Oklahoma. The Moore Warren Theatre, the most expensive in the history of the state, is also one of the largest, with luxury accommodations and screens up to 80 feet wide and four stories tall.

The company's first all digital multiplex, the Moore Warren features Christie's acclaimed CP2000 series projectors, selected by more than 80% of all global installations; a sophisticated sound system that meets the highest standards in film audio; and the latest in 3D cinema technology. A special VIP section offers extra wide seats and food service is available. The décor reflects the ultimate in elegance, with terrazzo flooring, marble counter tops, and waterfall curtains.

"We built our reputation on providing the highest quality and consistently best service in the industry. The citizens of Oklahoma City and Moore expect nothing less from us," said Bill Menke, the corporate vice president of Construction, Development and Technology for Warren Theatres. "We selected Christie DLP Cinema projectors because they produce the most brilliant picture on the screen, greatly enhancing the movie viewing experience. Christie projectors also allow us to show concerts, corporate and sporting events - even host massive X-Box competitions on the big screen."

Warren Theatres, known for taking its cues from the past while looking into the future, installed eight Christie CP2000-ZX and six Christie CP2000-SB projectors to deliver stunning, razor-sharp images on the screens in the Moore Warren Theatre.

"With its all-digital screens, Moore Warren represents the future of cinema entertainment," observed Craig Sholders, vice president of Entertainment Solutions, Christie. "Warren Theatres' decision to go with Christie DLP Cinema projectors exclusively reflects the enormous confidence they have in Christie products to meet the high standards they have set. We look forward to working with Warren to bring the excitement of the Digital Cinema revolution to moviegoers everywhere."

 

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On this day in 1933, Richard Hollingshead Jr. opened the first drive-in theatre in Camden, New Jersey. Today, according to drive-ins.com, there are only 389 still open across the country. The highpoint for the format was in 1958 when there were over 4,000 drive-ins in operation in the United States.

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In an industry first, Verizon Wireless, builder and operator of the nation's most reliable wireless network, announced beginning today it is introducing a ground-breaking text message polling program for moviegoers.

Scheduled to debut in mid-June in 10 markets across the U.S. and during 3,500 show times, the interactive text message polling program asks moviegoers questions related to their music preferences and gives them an option to text their responses. After audience members submit their text messages, the actual audience results will be displayed on the movie screen in a bar chart.

The polling program was developed by Screenvision, a leader in cinema advertising, and uses Screenvision's cinema advertising network comprised of more than 14,000 screens across 2,300 theaters nationwide and reaches 92 percent of U.S. markets. Screenvision produces the only host-format entertainment preshow in the cinema advertising industry, which airs across Screenvision's High Definition digital network of approximately 7,000 screens. The text message polling program will be part of the pre-movie entertainment and will be in conjunction with two short films produced by Verizon Wireless, which promotes the company's V CAST services. The first short, titled "What's that Song," showcases Verizon Wireless' V CAST Song ID service. The second short, titled "V CAST Street," is an original two-minute content piece directed by Spike Lee and features leading music artists Chris Cornell and Timbaland.

Moviegoers attending select theater locations in the following markets will be able to participate in the text message polling program: New York, Los Angeles, Chicago, Philadelphia, Dallas, Boston, Atlanta, Washington, D.C., Houston and Detroit.

Customers will need a text messaging-capable phone to send text messages to the polling program at their local movie theater.

 

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