posted 11-17-2003 07:30 PM                      

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Most of you will like Spielberg's take on this: "I am going to direct all my films ON FILM until they close the last lab down."

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posted 03-30-2004 11:18 AM                    

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Boeing sells digital cinema unit to AccessIT

Boeing's St. Louis-based Integrated Defense Systems unit has sold its Boeing Digital Cinema unit to Morristown, N.J.-based Access Integrated Technologies Inc. for an undisclosed amount.

AccessIT (Amex: AIX) has acquired Boeing's Digital Cinema's base of digital projection systems in cinemas throughout the United States, digital projectors, spares and associated servers and satellite transmission equipment. AccessIT will also provide Boeing with the use of its data services.

The digital cinema technology allows pre-recorded entertainment content from the major motion picture studio to be delivered to local movie theaters in digital form, eliminating physical film.

Chicago-based Boeing Co.'s (NYSE: BA) Integrated Defense Systems unit, its largest subsidiary, is based in St. Louis and is the area's second-largest employer.

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posted 03-30-2004 01:57 PM                       

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Access Integrated Technologies to Acquire Boeing Digital Cinema Assets
Tuesday March 30, 10:58 am ET
- Transaction Solidifies AccessIT's Leading Position in the Emerging Digital Cinema Industry -
- Boeing and AccessIT Enter Into Agreement for Data Services

MORRISTOWN, N.J., March 30 /PRNewswire-FirstCall/ -- Access Integrated Technologies, Inc. ("AccessIT") (Amex: AIX - News) has acquired the assets of Boeing Digital Cinema, a business unit of Boeing Integrated Defense Systems (IDS), a unit of The Boeing Company (NYSE: BA - News).

Under the agreement, AccessIT will acquire Boeing Digital Cinema's installed base of digital projection systems located in cinemas throughout the United States, digital projectors, spares, and associated content servers and satellite transmission equipment. In addition, Boeing and AccessIT have reached agreement for AccessIT to provide for the utilization of its data services. Additional details were not disclosed.

"If there were any questions about AccessIT's position as the leading technology service provider for the digital cinema industry, this acquisition should put those to rest," commented Bud Mayo, Chief Executive Officer of AccessIT. He continued; "Boeing's in-theatre projection systems will allow us to service our distribution customers immediately as a proof-of-concept while we await a larger rollout of 2K systems later this year."

The digital cinema technology involves the delivery and exhibition of pre-recorded entertainment content from the content owner, such as a major motion picture studio, to local movie theatres in digital form, eliminating physical film. This technology offers many advantages over traditional or analog celluloid film. It provides vastly superior visual and audio quality and importantly, eliminates the inefficient and time-consuming printing and distribution of bulky film prints.

Digital cinema requires the seamless integration of many complex technologies including projection, content management and storage, and secure distribution -- elements that, only recently, have been brought together by AccessIT and its subsidiaries, Hollywood Software, Access Digital Media and Core Technology Services.

AccessIT's end-to-end solution ranges from distribution scheduling where film release schedules and distribution instructions are determined to digital master storage in one of AccessIT's carrier-grade data centers, through to managed, secure delivery via satellite and fiber technology to a digitally enabled cinema.

Russell Wintner, President and COO of Access Digital Media the AccessIT subsidiary which will utilize the Boeing assets to complement its robust digital delivery platform added, "With this installed base of cinema projectors and related hardware, AccessIT now possesses the first truly end-to-end digital cinema solution, one that is capable of seamlessly scheduling, storing, delivering, and exhibiting full-length digital entertainment content."

Dr. Ron Maehl, Vice President of Network Enabled Solutions for The Boeing Company, stated, "Boeing has long been an early supporter of digital cinema and is pleased to transition its industry-leading technology to AccessIT, an organization that clearly sees the future and the potential this technology offers. With these digital cinema assets, AccessIT's system is the first-of-its-kind and one that can seamlessly support this emerging market place."

Access Integrated Technologies, Inc. (AccessIT) is an early mover in offering a fully managed storage and delivery service for owners and distributors of digital content. Supported by its robust platform of fail-safe Internet data centers (AccessColocenters(SM)), AccessIT is able to leverage the market-leading role of its Hollywood Software subsidiary with the innovative digital delivery capabilities of its Access Digital Media (AccessDM) unit to provide the highest level of technology available to service the emerging digital cinema industry.

A unit of The Boeing Company, Integrated Defense Systems is one of the world's largest space and defense businesses. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $27 billion business. It provides systems solutions to its global military, government and commercial customers. It is a leading provider of intelligence, surveillance and reconnaissance; the world's largest military aircraft manufacturer; the world's largest satellite manufacturer and a leading provider of space-based communications; the primary systems integrator for U.S. missile defense; NASA's largest contractor; and a global leader in launch services. For more information, visit http://www.boeing.com/ids/flash.html.

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Boeing Sells Digital Cinema Assets to Access Integrated Technologies
Tuesday March 30, 9:49 am ET

LOS ANGELES, March 30 /PRNewswire-FirstCall/ -- The Boeing Company (NYSE: BA - News) today announced the sale of Boeing Digital Cinema assets to Access Integrated Technologies, Inc. (AccessIT) (Amex: AIX - News) of Morristown, N.J.

Boeing Integrated Defense Systems sold the digital cinema equipment assets and will provide intellectual property licenses for the Boeing technology applicable in the digital cinema market and support transitioning existing theater contracts from Boeing to AccessIT. Boeing employees will not be transitioned to AccessIT as part of the deal.

"The digital cinema market is evolving every day," said Ron Prosser, vice president and general manager of Homeland Security & Services for Boeing. "Boeing Digital Cinema achieved significant operational reliability and now the technology is ready to be elevated to the next level."

Boeing Digital Cinema technology provides for the capability to transmit first-run films and alternative media, such as sporting events, concerts, plays and corporate events, directly to movie theatres via satellite or physical media. It provides secure, end-to-end transmission using encryption technology endorsed by the National Institute of Standards and Technology for protection of commercial and government information. The end-to-end multi- layered security system ensures protection from encryption of the content upon receipt to decryption upon projection in designated theatres.

"Boeing successfully pioneered and demonstrated many advances in the deployment of advanced satellite and secure digital distribution of large data files from a single point to multiple locations simultaneously," said Dr. Ron Maehl, vice president, Boeing Network Enabled Solutions. "AccessIT can now take that technology to the next level with its focus on the entertainment industry and its ability to put a capital structure in place for full-scale market implementation."

Boeing Digital Cinema provides an integrated delivery solution from the studios to the exhibitors. The open-architecture design makes it possible for integration of off-the-shelf hardware meeting industry standards to compress, store, forward and project digital content with the primary goal of interoperability. The ability to use a wider range of equipment benefits both the studio and theatre owners.

"If there were any questions about AccessIT's position as the leading technology service provider for the digital cinema industry, this acquisition should put those to rest," said Bud Mayo, Chief Executive Officer of AccessIT. "Boeing's in-theatre projection systems will allow us to service our distribution customers immediately as a proof-of-concept while we await a larger rollout of 2K systems later this year."

A unit of The Boeing Company, Integrated Defense Systems is one of the world's largest space and defense businesses. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $27 billion business. It provides systems solutions to its global military, government and commercial customers. It is a leading provider of intelligence, surveillance and reconnaissance; the world's largest military aircraft manufacturer; the world's largest satellite manufacturer and a leading provider of space-based communications; the primary systems integrator for U.S. missile defense; NASA's largest contractor; and a global leader in launch services. For more information, visit http://www.boeing.com/ids/flash.html .

Access Integrated Technologies, Inc. (AccessIT) is an early mover in offering a fully managed storage and delivery service for owners and distributors of digital content. Supported by its robust platform of fail-safe Internet data centers (AccessColocentersSM), AccessIT is able to leverage the market-leading role of its Hollywood Software subsidiary with the innovative digital delivery capabilities of its Access Digital Media (AccessDM) unit to provide the highest level of technology available to service the emerging digital cinema industry. For more information, visit http://www.accessitx.com/ .

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Source: Boeing Company

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