Reading Cinemas in Australia and New Zealand to Convert to Christie Solaria Digital Cinema Projectors By year’s end, up to 200 screens at 28 locations will have been converted to digital through a long-term Virtual Print Fee (VPF) Deployment Agreement Business Wire LOS ANGELES -- July 24, 2013 Reading International, Inc. (NASDAQ: RDI) co-announced today with Christie®, a global leader in digital cinema projection, that a long-term VPF deployment agreement had been signed with the Australian and New Zealand subsidiaries of Reading, providing for the digital conversion of all of Reading Cinemas screens in those two countries. “It’s tremendously important that we embrace DLP Cinema® technology and this requires that we invest in our cinemas to constantly improve the moviegoer’s experience,” said Wayne Smith, Managing Director, Australia and New Zealand. “Following detailed negotiations, I’m pleased to be working alongside Christie, a leader in the cinema industry since 1929. Christie is the perfect provider of digital cinema technology to partner with, to keep Reading ahead in a rapidly-changing cinema landscape.” The Reading subsidiaries own and operate cinemas throughout Australia and New Zealand, including the Company’s Pacific Rim flagship venue: the Courtenay Central Entertainment and Retail Centre in Wellington, New Zealand. In addition to owning and operating cinemas in Australia and New Zealand, Reading is also engaged in real estate development in North America, New Zealand and Australia and operates “Off-Broadway” live theaters in New York and Chicago. Christie will supply a variety of its Christie Solaria® Series® 2K and 4K digital cinema projectors to Reading, as well as its current ‘big screen’ premium solution, the Christie^® Duo dual-projector integration kit. “Christie has deployed more than 38,000 digital cinema projectors, earning the appreciation and respect of exhibitors and moviegoers worldwide,” said Lin Yu, vice president, Christie Asia Pacific. “Our company is honored to be selected by Reading to keep them on the leading edge of cinema technology, including 3D, 4K and high frame rate (HFR) options in the years to come.” Added Michael Bosworth, general manager for Christie Digital Systems Australia, “We stand ready to support Reading as they complete their transition to digital cinema; a conversion which will surely contribute to their overall cinema attendees’ satisfaction while supporting the company’s goal of adding to their stockholders’ value.” About Reading International, Inc. Reading International (http://www.readingrdi.com) is in the business of owning and operating cinemas and developing, owning and operating real estate assets. Our business consists primarily of: *the development, ownership and operation of multiplex cinemas in the United States, Australia and New Zealand; and *the development, ownership, and operation of retail and commercial real estate in Australia, New Zealand, and the United States, including entertainment-themed retail centers (“ETRC”) in Australia and New Zealand and live theater assets in Manhattan and Chicago in the United States. Reading manages its worldwide cinema business under various different brands: *in the United States, under the *Reading brand (http://www.readingcinemasus.com), *Angelika Film Center brand (http://www.angelikafilmcenter.com), *Consolidated Theatres brand (http://www.consolidatedtheatres.com), *City Cinemas brand (http://www.citycinemas.com), *Beekman Theatre brand (http://www.beekmantheatre.com), *The Paris Theatre brand (http://www.theparistheatre.com), and *Liberty Theatres brand (http://libertytheatresusa.com/); *in Australia, under the Reading brand (http://www.readingcinemas.com.au); and *in New Zealand, under the *Reading (http://www.readingcinemas.co.nz) and *Rialto (http://www.rialto.co.nz) brands. About Christie® Christie Digital Systems USA, Inc. is a global visual technologies company and is a wholly-owned subsidiary of Ushio, Inc., Japan, (JP:6925). Consistently setting the standards by being the first to market some of the world’s most advanced projectors and complete system displays, Christie is recognized as one of the most innovative visual technology companies in the world. From retail displays to Hollywood, mission critical command centers to classrooms and training simulators, Christie display solutions and projectors capture the attention of audiences around the world with dynamic and stunning images. Visit www.christiedigital.com. “Christie” is a trademark of Christie Digital Systems USA, Inc., registered in the United States of America and certain other countries.Christie Solaria® Series® is a registered trademark of Christie Digital Systems USA, Inc.DLP® is a registered trademark of Texas Instruments.DLP Cinema® is a registered trademark of Texas Instruments. Contact: Reading International, Inc. Andrzej Matyczynski, Chief Financial Officer (213) 235-2240 or Christie Juliana Tong Senior Marketing Manager, Christie Asia Pacific Phone: + 65 6877 8739 email@example.com or Dave Paolini Public and Media Relations Manager, Christie Phone: + 1 519 749 3127 firstname.lastname@example.org
Reading Cinemas in Australia and New Zealand to Convert to Christie Solaria Digital Cinema Projectors
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