HONG KONG and LOS ANGELES, Dec. 8, 2015 /PRNewswire/ -- Global 3D and visual technology company RealD Inc. (NYSE: RLD) and Kunming Dadou Motain Wanguo Cinema today announced an agreement to install a state-of-the-art "LUXE: A RealD Experience" auditorium in China's Kunming city. The cinema is located in the Dadu Skyscraper Shopping Mall in the Yunnan province, China. "LUXE: A RealD Experience" is the Premium Large Format (PLF) initiative introduced by RealD in 2013 with the aim of providing a higher quality image, audio and overall viewing experience for moviegoers. Each LUXE auditorium will feature RealD 3D projection and a RealD Precision White Screen. The installation of RealD equipment has already begun in Kunming Dadou Motain Wanguo Cinema. The LUXE auditorium is expected to open in the first quarter of 2016.
The LUXE auditorium in Kunming Dadou Motain Wanguo Cinema is the first LUXE auditorium in China's Yunnan province and is the third such facility in Asia following the first two LUXE auditoriums in China's Tianjin and Chengdu city.
"As a global leader in 3D, RealD's LUXE screen has been highly anticipated by the industry," said Zishuo Peng, General Manager of Kunming Dadou Motain Wanguo Cinema. "RealD's leading 3D technology can offer our audience unrivaled viewing experience. We look forward to the completion of the first LUXE auditorium in Kunming, providing this city with a brand-new, stunning state-of-the-art theater."
"We are honored to work with Kunming Dadou Motain Wanguo Cinema," said Edman Chan, Vice President and General Manager, Asia Pacific of RealD. "RealD has always been dedicated to delivering the best possible viewing experience for moviegoers. We are glad to be the first to offer this exceptional premium quality viewing experience for audiences in Yunnan, China, and RealD will endeavor to bring more premium theaters to audiences throughout China."
The LUXE auditorium in Kunming Dadou Motain Wanguo Cinema marks a further expansion of the LUXE brand in Asian markets. In 2014, RealD and Broadway Circuit signed an agreement to develop 3 LUXE projects, two of which have been in operation. LUXE made its world premiere in Russia, where 11 LUXE auditoriums are currently open and 18 projects have been signed. There is also a LUXE auditorium open in Bulgaria.
LUXE auditoriums provide full flexibility with content, allowing exhibitors to show any movie at any time for optimized profitability. All LUXE auditoriums meet technology specifications to assure a premium cinema experience, such as: usage of RealD 3D, the industry's brightest 3D projection technology; wall-to-wall / floor-to-ceiling screens using RealD Precision White Screen technology, with screen size of at least 16 meters in width; enveloping sound; auditorium rakes to optimize patrons' views and more. Additional exclusive new technologies to be announced are expected to be incorporated into LUXE auditoriums.
The world's most widely used 3D cinema technology, RealD 3D is installed in more than 27,000 auditoriums by approximately 1,200 exhibitors in 72 countries around the world (as of September 30, 2015).
About RealD Inc.
RealD is a leading global licensor of 3D and other visual technologies. RealD is the world's most widely used 3D technology and our extensive intellectual property portfolio is used in applications and products that enable a premium viewing experience in the theatre, the home and elsewhere.
RealD was founded in 2003 and has offices in Beverly Hills, Boulder, London, Moscow, Shanghai, Hong Kong; and Tokyo. For more information, please visit our website at www.reald.com.
About Kunming Dadou Motain Wanguo Cinema
Kunming Dadou Motain Wanguo Cinema is located at the 6th floor of the Dadu Skyscraper Shopping Mall in Kunming. This super cinema is managed and operated by Dadu Skyscraper Shopping Mall l with a total investment of more than RMB 50 million, taking up more than 5000 square meters. Kunming Dadou Motain Wanguo Cinema owns 12 auditoriums, 3 of which are in premium large format making it the first cinema to feature 3 premiums large format screens in southwest China.
As the best cinema in Kunming city, every auditorium in the Kunming Dadou Motain Wanguo Cinema features 360-degree, unobstructed seating design with high rake, wide seating distance and low frequency inductive seats to ensure optimum viewing experience at each seat.
Kunming Dadou Motain Wanguo Cinema will further build 4 super cinemas in Yunnan province and is planning to increase its screens number to 50 in the next 5 years. Kunming Dadou Motain Wanguo Cinema will maintain its leading position in Yunnan province as being the largest and most advanced cinema in the region.
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 "LUXE: A RealD Experience" auditoriums across Lab Concept Cinema 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 may 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.
Media Contacts: Steve Elzer (Elzer & Associates on behalf of RealD) 213-607-3591 firstname.lastname@example.org
Sam Liu (Kunming Dadou Motain Wanguo Cinema) +86 138-8880-6525 email@example.com
Investor Contact: Andrew Greenbaum / Laura Bainbridge (RealD) 310-829-5400 firstname.lastname@example.org
SOURCE RealD Inc.