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LOS ANGELES, Dec 04, 2012 (BUSINESS WIRE) -- Cinedigm Digital Cinema Corp. (NASDAQ:CIDM) today announced Dan Sherlock has been named President of Cinedigm Software. Sherlock will report to Cinedigm COO/CFO Adam Mizel and will be responsible for all aspects of the operations at Cinedigm Software including production, technology, business development, sales, and marketing.
Most recently, Sherlock was president of Baseline, a comprehensive film and television database with a robust subscription and syndicated content client base comprised of all the major studios, agencies, production companies, and some of the largest fortune 500 companies owned by The New York Times Company. Previously, Sherlock held numerous executive roles with The Walt Disney Company, most recently as Vice President and General Manager of Movies.com.
"With both technical and marketing expertise, Dan is perfectly suited to lead and grow our robust software business," said Cinedigm's Mizel. "In the last year, we have invested considerable resources to expand our product lines, to support our international expansion and to successfully add significant new customers, and Dan's addition will further bolster our market leading position."
In recent months, Cinedigm's software group (previously known as "Hollywood Software") has made several other high profile hires including Larry McCourt and Rob Springer, who joined Cinedigm as Senior Vice President of Software and Sales Marketing and Senior Vice President and Product Manager of Distributor Solutions, respectively.
"I'm thrilled to have the opportunity to lead the incredible team of talented, creative people at Cinedigm Software as we seek to advance our clients' business objectives using the industry's most innovative software solutions," said Mr. Sherlock. "Cinedigm software stands at the nexus of the digital exhibition transformation -- serving the needs of top distributors and exhibitors worldwide - and I look forward to being part of this exciting technological revolution."
Cinedigm has the leading digital cinema software for both exhibitors and distributors. Currently, over 16,000 digital theater screens use Cinedigm's software products to run back office operations for theatres, including release planning, booking, "holdovers," contract terms management, box office auditing, film rental accruals, payments, remittance processing and reporting. On the distributor side, the products enable studios and independent distributors to plan and execute releasing strategies, while providing real-time, mission-critical business data.
Cinedigm Software Products:
TDS - Theatrical Distribution System - This essential US based system plans, negotiates, books and distributes movies all within an easy-to-use interface. It connects seamlessly with external systems of companies like Rentrak, Technicolor, Deluxe and major exhibitors.
TDS-g Theatrical Distribution System Global -The most advanced theatrical distribution software available for worldwide markets and the only product capable of managing distribution across multiple territories from a single application. All data relating to plans, bookings, terms, box office, settlements and payments are contained within a single database, enabling powerful consolidated reporting and analysis. TDSg operates in any language and currency.
EMS Exhibitor Management System - With planning, payment and analytic components, EMS is a virtual staff of booking assistants and accountants which consolidates POS sales data, computes film rental liabilities, manages payments and updates financial systems. Featuring a dynamic SQL database application designed to fully record, track and report on critical business details, EMS's modular design can manage operations from planning through payments, or specific tasks in between.
TCC Theatre Command Center - TCC is more than another learning management system, it's the most powerful engine on the market driving productivity and efficiency across digital cinema operations. TCC connects all theatres, centralizes content management and automates the transfer of features, trailers and encryption keys. TCC is the only theatre management system that builds screen playlists, monitors operations circuit-wide from a single location and, with a click of a mouse, can troubleshoot and solve problems instantly.
Enterprise - Enterprise, a powerful head office application, takes TCC and digital cinema to the next level with 2-way workflow and real-time monitoring features designed to increase operational control and minimize resource costs. It works in conjunction with Cinedigm's Theatre Command Center TMS, the most automated and efficient theatre management system on the market. Enterprise gives your head office or network operations center real-time, consolidated access to every TMS in your circuit. And like TCC, Enterprise is designed to receive and share schedules and data with your key partners and applications.
RTS Royalty Transaction Solution - RTS is the most powerful, cost-effective solution for tracking and processing contracts, rights, and royalties; combined with a robust accounting sub-ledger RTS maximizes revenue while maintaining control over content. For licensees of IP, RTS efficiently manages complex rights licensing and royalty obligations within a single web-based application creating the most efficient, integrated solution on the market managing both inbound and outbound rights. Leading music, film, television, publishing, merchandise and trademark companies trust their most important assets to RTS.
About Cinedigm (www.cinedigm.com)
Cinedigm Digital Cinema Corp. is a leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. Cinedigm's digital cinema deployment and servicing organization, state of the art distributor and exhibition software, and marketing and distribution platform for alternative content and independent films are a cornerstone of the digital cinema transformation. With the April acquisition of New Video, the world's largest aggregator of independent digital content and leading distributor of quality entertainment, CIDM has created a new full service end-to-end digital studio, enabling the Company to acquire and distribute independent films and specialty content. Cinedigm(TM) and Cinedigm Digital Cinema Corp(TM) are trademarks of Cinedigm Digital Cinema Corp. CIDM-G
SOURCE: Cinedigm Digital Cinema Corp.
Cinedigm Public Relations: MBC Maggie Begley Office: 310-301-1785 Mobile: 310-749-3055 firstname.lastname@example.org
Copyright Business Wire 2012
As of Friday, 11-30-2012 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
03-01-2012 for CIDM @ $1.72.
As of Friday, 11-30-2012 23:59, the latest Comtex SmarTrend Alert,
an automated pattern recognition system, indicated a DOWNTREND on
02-21-2012 for NYT @ $7.13.
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