PHILADELPHIA, June 20, 2017 /PRNewswire/ -- Philadelphia-based Event Cinema distributor SpectiCast Entertainment has announced that it has signed an agreement to acquire Rising Alternative.
The acquisition aligns with SpectiCast's strategy of expanding in key international territories, while adding to its portfolio of high-quality programs for both domestic and international distribution.
"The acquisition of Rising Alternative tremendously enhances our presence in the Event Cinema marketplace," said Mark Rupp, president of SpectiCast. "Not only will we gain access to amazing programs - the acquisition will accelerate the expansion of our global cinema network. "
"I am pleased to be working with SpectiCast to leverage the complementary strengths of both firms to capitalize on the tremendous growth opportunities available in the Event Cinema industry," said Giovanni Cozzi, founder and CEO of Rising Alternative.
Cozzi will remain active in the Company throughout the transition process. Terms of the deal were not disclosed.
SpectiCast is one of the fastest growing producers, financiers, distributors, and marketers of Event Cinema worldwide. SpectiCast has distributed over 400 event cinema releases and has brought original world class programming to audiences on over five thousand screens in 67 countries. The Company has distributed programs from some of the world's most prestigious cultural arts organizations and leading entertainment companies. SpectiCast provides content rights holders with turnkey access to worldwide theatrical distribution as well as all downstream digital distribution platforms, and provides a wide range of logistical and digital media services including feature and short mastering, trafficking and logistical support, encryption/KDM management, and quality control services.
SpectiCast is a privately owned firm based in Philadelphia, PA. With the addition of Rising Alternative, the company will now have offices in New York, Mexico City, London, Berlin, Barcelona, Milan, and Pittsburgh.
About Rising Alternative
Rising Alternative is a leading international distributor of content for exhibition in digital format in cinemas, cultural centers and other public venues. The Company provides a complete series of programs from the world's most prestigious performing arts institutions. During the past 11 years, Rising Alternative has released nearly 250 programs, live via satellite and broadband as well as on DCP.
Rising Alternative's exhibition partner network includes more than 2,800 screens in more than 45 countries. Rising Alternative maintains offices in New York, Berlin, Barcelona, and Milan. Rising Alternative management has been involved in the distribution of alternative content internationally since 2006.
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SOURCE SpectiCast Entertainment