NOVATO, Calif. and TORONTO, Jan. 26 /PRNewswire-FirstCall/ -- Sonic Solutions® (Nasdaq: SNIC) and Cineplex Entertainment ("Cineplex") (TSX: CGX.UN) today announced an agreement to provide consumers easy access to premium movies on a range of connected devices throughout Canada. As part of the collaboration, Cineplex has licensed the Roxio CinemaNow™ entertainment platform to power a new movie streaming and download service at www.cineplex.com scheduled to launch in 2010.
"Roxio CinemaNow offers a turnkey solution that will enable Cineplex customers to access thousands of movies including Hollywood's best blockbusters instantly from the comfort of their living room, extending their in-theatre experience at home," said Susan Mandryk, Senior Vice President, Customer Strategies at Cineplex Entertainment. "Cineplex is already the number one choice for out-of-home movie entertainment. Now with the CinemaNow-powered digital entertainment services, we want to become their choice for an evening of entertainment at home."
"Our relationship with Cineplex, a leading provider of entertainment, is another example of how our CinemaNow technologies and infrastructure are enabling a broad range of companies to quickly develop and launch premium digital entertainment services," said Mark Ely, Executive Vice President of Strategy, Sonic Solutions. "Sonic will continue to help an array of companies including entertainment distributors, content owners and retailers launch compelling entertainment services and form ongoing relationships with their customers. At the same time, Sonic will continue to expand its multi-manufacturer device ecosystem in order to provide consumers an even more flexible entertainment experience."
The Roxio CinemaNow entertainment platform serves a broad range of premium content to a growing, multi-manufacturer ecosystem of home and mobile electronics including PCs, connected TVs, set-top DVRs, Blu-ray Disc players, smart phones, and mobile media devices. The platform enables retailers and consumer electronics companies to participate in the entertainment supply chain, add value to product offerings and form ongoing relationships with customers. Roxio CinemaNow powered stores enable consumers to instantly rent and purchase high-quality entertainment on their favorite device and, through CinemaNow digital storage system, the flexibility to playback content ordered on additional consumer electronics devices. As well as being available on a range of consumer electronics, Roxio CinemaNow powers digital entertainment delivery for Best Buy and Blockbuster.
About Cineplex Entertainment LP
As the largest motion picture exhibitor in Canada, Cineplex Entertainment LP owns, leases or has a joint-venture interest in 128 theatres with 1,323 screens serving more than 63.5 million guests annually. Headquartered in Toronto, Canada, Cineplex Entertainment operates theatres from British Columbia to Quebec and is the largest exhibitor of digital, 3D and IMAX projection technologies in the country. Proudly Canadian and with a workforce of approximately 10,000 employees, the company operates the following top tier brands: Cineplex Odeon, Galaxy, Famous Players, Colossus, Coliseum, SilverCity, Cinema City and Scotiabank Theatres. The units of Cineplex Galaxy Income Fund, which owns approximately 99.6% of Cineplex Entertainment LP, are traded on the Toronto Stock Exchange (symbol CGX.UN). For more information, visit www.cineplex.com.
About Sonic Solutions
Sonic Solutions® (Nasdaq: SNIC) is powering the digital media ecosystem through its complete range of Hollywood to Home™ applications, services, and technologies. Sonic's Roxio® products enable consumers to easily manage and enjoy personal digital media content and, through Roxio CinemaNow™, access premium Hollywood entertainment on a broad range of connected devices. A wide array of leading technology firms, professionals, and developers rely on Sonic to bring innovative digital media functionality to next-generation devices and platforms. Sonic Solutions is headquartered in Marin County, California.
Forward Looking Statements
This release may contain forward-looking statements that are based upon current expectations, including the launch, distribution, and market acceptance of the Roxio CinemaNow platform. Actual results could differ materially from those projected in the forward looking statements as a result of various risks and uncertainties, including those discussed in Sonic Solutions' annual and quarterly reports on file with the Securities and Exchange Commission. This press release should be read in conjunction with Sonic Solutions' most recent annual report on Form 10-K, Form 10-Q and other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company's business including risks and uncertainties that may affect future results. Sonic Solutions does not undertake to update any forward- looking statements.
Sonic, the Sonic logo, Sonic Solutions, Roxio, CinemaNow, and Hollywood to Home, are trademarks or registered trademarks owned by Sonic Solutions in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject to change without notice.
SOURCE Sonic Solutions