Liquid Media Group Subsidiary Continues to Grow Cloud-based DCP Delivery Platform, Adding 100 New Exhibitors
11 Agosto 2023 - 3:00PM
Liquid Media Group Ltd. (the “
Company”,
“
Liquid Media” or “
Liquid”)
(Nasdaq: YVR) is pleased to announce the continuing growth of
subsidiary Digital Cinema United (“DCU”)’s cloud based electronic
delivery platform, DCU connect, with the addition of 100 new
Exhibitors. As DCU continues to rollout DCU connect in theaters in
North America, including Apple Cinemas, Cinepolis USA, Classic
Cinemas, Faraway Entertainment, Flix Brewhouse, Galaxy Theatres,
Gateway Film Center, iPic Theaters, Laemmle Theatres, Landmark
Cinemas of Canada, Lark Theater, LOOK Cinemas, Mary D. Fisher
Theater, Studio Movie Grill, as well as Caribbean Cinemas and
numerous independent theaters in the Caribbean islands. With the
addition of these Exhibitors, there are now over 1,500 theaters in
the Americas that have joined the DCU Connect electronic delivery
network.
DCU’s DCP delivery platform only requires an
installation of the software needed. The software installation can
be carried out remotely in under 10 mins and involves no hardware;
the platform currently fully integrates with numerous TMS/LMS
systems which include Arts Alliance Media’s Screenwriter, GDC,
Rosetta Bridge and Cinema ACE. Relied upon by over 15,000 screens
worldwide, the platform has been lauded for its affordability,
reliability, and customization opportunities, by Exhibitors of all
sizes.
“Digital Cinema United’s rollout strategy of DCU
Connect has been well received by both the theatrical exhibition
and film distribution community,” said Ronnie Ycong, the Executive
Vice President and General Manager of Digital Cinema United,
Americas. “As DCU Connect continues to expand across North America
and the Caribbean, it will provide an easy, reliable, and more
cost-effective DCP delivery network for the entire theatrical
industry.”
About Digital Cinema
United:Digital Cinema United (DCU), a Liquid Media Group
company, is a global provider of technical content services for
theatrical, home entertainment, and digital distribution platforms,
with operations in Los Angeles, London, Malta, Prague and South
Africa. DCU supports the distribution of content for Hollywood
majors, independent studios, event cinema distributors, and
renowned producers and content owners worldwide through DCP
Production and DCP Delivery services of feature films and movie
trailers to all cinemas in North America, Europe, Middle East,
Africa, Australia and New Zealand. DCU also provides International
Servicing with Localization worldwide and direct delivery to
Video-On-Demand (VOD) streaming platforms. DCU operates TPN
(Trusted Partner Network) certified facilities across all of its
regions.
Additional information is available
at https://digitalcinemaunited.com/.
About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an
entertainment company empowering independent IP creators. Liquid’s
end-to-end solution enables professional video (film/TV and
streaming) creation, packaging, financing, delivery, and
monetization, empowering IP creators to take their professional
content from inception through the entire process to
monetization.
Additional information is available at
www.LiquidMediaGroup.co.
Cautionary Note Regarding Forward-Looking
Statements
This news release includes statements containing
certain "forward-looking information" within the meaning of
applicable securities law ("forward-looking statements").
Forward-looking statements are typically identified by words such
as: "believe", "expect", "anticipate", "intend", "estimate",
"potentially" and similar expressions, or are those, which, by
their nature, refer to future events, and include such statements
that Liquid will effect the proposed Share Consolidation and that
per share price will increase as a result of such Share
Consolidation. These statements should not be read as guarantees of
future performance or results. These statements should not be read
as guarantees of future performance or results. Such statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from those implied by such statements. Such
factors include, but are not limited to: regulatory actions, market
prices, continued availability of capital and financing, and
general economic, market or business conditions, as well as
additional risks disclosed in the Company’s annual and quarterly
financial reports available at www.sedar.com and annual report on
Form 20-F as well as other reports filed with the SEC at
www.sec.gov. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. Forward-looking statements are based on
the beliefs, estimates and opinions of the Company's management on
the date the statements are made. The Company is under no
obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
CONTACT:Investors / BusinessJustin KulikCORE
IRjustin@coreIR.com
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