| Microspace
Communications Announces Letter of Intent with Paramount
Pictures for Expanded Digital Cinema Pilot Program
Deal Builds on Existing Two-Year Distribution Agreement
with Dreamworks SKG
Raleigh, NC, March
14,
2006– Microspace Communications
Corporation (Microspace), the leading provider of point-to-multipoint
satellite
services, today announced that it has signed
a
non-exclusive,
non-binding
letter
of intent to partner with Paramount Pictures for satellite
delivery of digital cinema. Since
2004,
Microspace
has delivered several films from Paramount’s
Dreamworks
SKG via its VELOCITY service to select digitally-equipped
theatres
in North America, including Shrek 2, Collateral and Shark
Tale.
The
program, which includes installation of a VELOCITY
system at no cost to the participating theaters,
decisively demonstrates
the business advantages of satellite distribution,
including cost-effectiveness, reliability, security,
and work flow,
according
to Microspace VP and General Manager Joe Amor.
“
Over
the past three years, we have worked with most of the major
movie studios in the development of digital cinema delivery,” said
Amor. “This new agreement with Paramount affirms
our core strategy and strongly bolsters our current
plans to
extend our existing digital cinema pilot program in
2006. “
“
VELOCITY
has consistently proven its reliability and will be a cost-effective
solution for mass-market distribution of digital cinema
and related in-theatre content,” said Mark Christiansen,
executive vice president, operations, for Paramount Pictures. “As
the number of digital screens and theatres increases,
our partnership
with Microspace will be critical to expanding our
distribution
channels
for digital entertainment. ”
VELOCITY, Microspace’s high-speed
video, data and audio
broadcasting
service,
provides an optimum solution for businesses requiring economical
and reliable content
delivery
from
one
to multiple locations. Compared to terrestrial or traditional
shipping
solutions, VELOCITY is quicker and easier to implement
and
offers significant cost savings. The
service
is
available as either a dedicated solution or on-demand
service,
enabling customers to easily and affordably expand bandwidth
as their content delivery
needs
change.
About
Microspace
Microspace
Communications
Corporation
(Microspace)
is the leading provider of satellite services for video,
data and audio content
distribution
and operates
the largest
global business satellite broadcasting network, with over
340,000 remote links worldwide.
A variety
of both
businesses
and government organizations rely upon Microspace’s VELOCITY® for
high-quality,
cost-effective and secure
content
distribution at savings of up to 98% over terrestrial services.
VELOCITY supports
customers
such
as Morgan
Stanley, LodgeNet, John Deere, Muzak and the Christian Radio
Consortium via a wide range
of IP
broadband
applications
such as business TV, distance learning, digital signage
and digital cinema, among many
others.
The service
is available
as either a dedicated solution or as an on-demand service,
enabling customers to easily
and affordably
expand
their
bandwidth as their needs change. Founded in 1988
with
headquarters in the U.S and a presence in Europe and Latin
America, Microspace is a subsidiary
of Capitol
Broadcasting
Company.
For more information, visit www.microspace.com.
Capitol Broadcasting Company, Inc. is a
diversified communications company which owns and/or operates
WRAL-TV, WRAL Digital,
WRAL-FM,
WRAL-HD2, WCMC-FM, Microspace, the North Carolina News
Network, CBC New Media Group and Wolfpack Sports Marketing
in
Raleigh, NC; WJZY-TV and WWWB-TV in Charlotte, NC; WILM-TV
in
Wilmington, NC; WRAZ-TV and The Durham Bulls in Durham,
NC;
the Myrtle Beach Pelicans Baseball Club in Myrtle Beach,
SC;
and real estate interests including the American Tobacco
Project
and Diamond View office building in Durham, NC.
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