RealD and Wanda Cinema Sign Agreement to Add 780 RealD 3D Cinema Systems
Installations to Take Place Over Three Years for a Total of More Than 1,500
RealD 3D Equipped Screens at Wanda Cinema Locations
RealD Named the Exclusive 3D Technology Provider
BEIJING & LOS ANGELES -- March 24, 2014
Global 3D and visual technology licensor RealD Inc. (NYSE: RLD) and China’s
largest movie theatre circuit, Wanda Cinema Line Corporation, announced today
an extended agreement to install an additional 780 RealD 3D Cinema Systems at
Wanda locations. The new installations will occur over the next three years.
When combined with the approximately 800 RealD 3D equipped Wanda auditoriums
today, the agreement will essentially double the RealD 3D install base to more
than 1,500 auditoriums. Under the terms of the extended agreement, RealD has
also been named the exclusive circuit wide 3D technology provider for Wanda
“As the biggest cinema circuit in Asia, we are very pleased to continue our
cooperation with RealD. This extended agreement between Wanda and RealD
represents a win-win cooperation in the truest sense. With RealD’s advanced
technology and Wanda’s commitment to service, we believe that we can bring to
the Chinese audience the best possible movie-going experience,” said Zeng
Maojun, Executive Deputy General Manager of Wanda Cinema Line.
“Wanda continues to be the market leader in the Chinese exhibitor business. In
fact, the development of Wanda is in tune with the rapid growth of the Chinese
cinema business as a whole. It’s been our privilege to partner and grow
together with Wanda and we are thrilled to approximately double the RealD 3D
install base at Wanda locations and continue our partnership as Wanda’s
exclusive circuit wide 3D technology provider,” said Edman Chan, Vice
President and General Manager, Cinema, Asia Pacific of RealD.
RealD 3D is currently available on approximately 1,500 cinema screens in China
with future commitments for approximately 950 additional installations for a
total of approximately 2,450 screens.
The world’s most widely used 3D cinema technology, RealD 3D is installed in
more than 25,000 auditoriums by approximately 1,000 exhibitors in 74 countries
around the world.
About RealD Inc.
RealD is a leading global licensor of 3D and other visual technologies.
RealD’s extensive intellectual property portfolio is used in applications that
enable a premium viewing experience in the theater, the home and elsewhere.
RealD licenses its RealD Cinema Systems to motion picture exhibitors that show
3D motion pictures and alternative 3D content. RealD also provides its RealD
Display, active and passive eyewear, and RealD Format technologies to consumer
electronics manufacturers, content producers and distributors to enable the
delivery and viewing of 3D and other premium content on a variety of visual
displays and devices.
RealD was founded in 2003 and has offices in Beverly Hills, California;
Boulder, Colorado; London, United Kingdom; Moscow, Russia; Shanghai, China;
Hong Kong; Tokyo, Japan; and Rio de Janeiro, Brazil. For more information,
please visit our website at www.reald.com.
About Wanda Cinema Line
Wanda Cinema Line Corporation is the biggest cinema circuit in Asia. As of
December 31, Wanda owns 142 theaters and 1247 screens in 74 cities across
China with 27 premium large format screens known as X-Land. In 2013, the
annual box office revenue of Wanda Cinema Line broke into $500 million,
accounting for 15% of the total annual box office revenue in China. In terms
of admissions, Wanda attracted 80 million admissions in 2013, which also
stands as the highest in the region. For the fifth consecutive year Wanda
Cinema Line stands as the biggest cinema circuits in China in terms of box
office revenue, market share and admissions. Among the top 100 movie theaters
in China, Wanda owns 37 theaters.
Cautionary note on forward-looking statements
This press release includes forward-looking information and statements,
including but not limited to: statements concerning the anticipated rollout of
RealD 3D technology across Wanda Cinema Line auditoriums and the growth of the
3D cinema industry. These statements are based on RealD’s current expectations
and beliefs, as well as a number of assumptions concerning future events. Such
forward-looking statements are subject to known and unknown risks,
uncertainties, assumptions and other important factors, many of which are
outside RealD’s control that could cause actual results to differ materially
from the results discussed in the forward-looking statements. RealD’s annual
and quarterly reports include a more detailed discussion of the risks and
uncertainties that could cause actual results to differ materially from the
results discussed in the forward-looking statements.
RealD undertakes no obligation to update publicly the information contained in
this press release, or any forward-looking statements, to reflect new
information, events or circumstances after the date they were made, or to
reflect the occurrence of unanticipated events.
310-385-4020 or 310-339-9347
Andrew Greenebaum / Laura Bainbridge
Wanda Cinema Line
+86 10 85587616
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