Film-Tech Forum ARCHIVE: Digital Equipment Leasing

This is topic Digital Equipment Leasing in forum Digital Cinema Forum at Film-Tech Forum ARCHIVE.

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Posted by Michael Cornish (Member # 6529) on 03-06-2015, 06:40 PM:

A while back I saw a post about a company that was leasing digital equipment. Is that company still around? If they are can someone post a link to them.

Thank you

Posted by David E. Nedrow (Member # 4981) on 03-06-2015, 07:17 PM:

Michael,

You're probably talking about Scrabble, which had a leasing deal for small cinemas. They were working with Christie. Unfortunately, to qualify you had to have the equipment installed by the end of June, 2014. We just made it in under the deadline.

Scrabble Ventures

Posted by Michael Cornish (Member # 6529) on 03-06-2015, 08:23 PM:

David,

What theater in the Columbus area do you work at?

Mike

Posted by Carsten Kurz (Member # 5396) on 03-08-2015, 08:58 AM:

There is also a new deal from NEC and Element Financial for smaller screens (I guess they would also offer higher lumen projectors at similar conditions).

http://www.dcinematoday.com/dc/PR.aspx?newsID=3908

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NEC Display’s ‘Ticket to Digital’ Program Paves Way for Theaters to Make Conversion to Digital

Special Financing Program from NEC and Element Financial Includes All Equipment Needed, Affordable Payments with Little Upfront Costs
NEC Display Solutions of America announced today a special financing program to help the remaining 1,000 screens at movie theaters across America make the conversion to digital cinema.

Called the “Ticket to Digital” program, NEC Display is teaming up with Element Financial to include 100 percent of the technology necessary to convert to digital requirements, plus the fastest, most affordable way to acquire it. Equipment and terms include:
NC900C Projector
Lens
IMS (Server)
Installation
Base
Cabling and PC to control system
Freight (to locations in the continental U.S.)
$559/month for 64 months
“Offering an affordable way for exhibitors to convert to digital with little upfront costs is a key part of this NEC Display initiative,” said Jim Reisteter, General Manager of Digital Cinema at NEC Display. “It is critical that theaters convert to digital in 2015 as the number of movies using traditional film will significantly decrease.”

Designed for theaters with small screens, NEC’s NC900C DLP cinema projector delivers an enhanced theater experience with pristine images. With its S2K chip set from Texas Instruments®, the NC900C is the most compact 2K DCI-certified digital cinema projector on the market.

“I commend NEC for offering a leasing program to exhibitors who haven’t yet converted to digital cinema,” said John Fithian, President of the National Association of Theater Owners. “Though 95 percent of the screens in the U.S. have already been converted, there are still a few companies out there who haven’t made the transition. As we’ve said before, the end is nigh.”

Applications for financing will be accepted through April 15, 2015. To learn more about the program, please visit http://www.necdisplay.com/communications/1214_Ticket_toDigital.html.
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Posted by Louis Bornwasser (Member # 3063) on 03-08-2015, 03:06 PM:

Like any financing, all terms are negotiable. Don't forget that it is possible to get Uncle Sam to pay a major portion using Capitol Depreciation. Consult your CPA to see how that option may help you.

Old rule: Buy that which appreciates; lease that which depreciates.

Posted by David E. Nedrow (Member # 4981) on 05-04-2015, 07:34 PM:

quote: Dave C
What theater in the Columbus area do you work at?

Grandview Theatre in Columbus