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Screenvision Acquires Assets of Cinema Screen Media
New York - (Jan. 23, 2007)
Agreement Expands Industry-Leading Cinema Advertising Network to Nearly
15,000 Screens Nationwide
Screenvision, a leader in cinema
advertising services, today announced it has acquired the assets of Cinema Screen
Media. The agreement includes the cinema advertising services contracts for
exhibitors Harkins Theatres, Marcus Theatres and Classic Cinemas as well as
digital projection equipment currently installed in the theatres of all three
exhibitors. Terms of the agreement were not disclosed.
The agreement increases Screenvision’s industry-leading national advertising
network to 14,854 screens and its local advertising network to 11,516 screens.
“These are premium theatres in important DMAs,” said Matthew Kearney,
president and CEO of Screenvision. “We are a low-supply, high demand media and
this acquisition adds valuable inventory to our network and grows our ability to
deliver measurable results to national, regional and local advertisers.”
Harkins Theatres is based in Scottsdale, AZ, and operates 26 theatres with 344
screens, primarily in the Phoenix DMA. Under the agreement, Screenvision gains
exclusive representation of Harkins Theatres for on-screen advertising and also
gains rights to sell in-lobby promotional programs.
Marcus Theatres, based in Milwaukee, WI, operates 40 theatres with a total of 474
screens distributed in top DMAs including Milwaukee, WI, Chicago, IL and
Minneapolis, MN. Under the agreement, Screenvision will represent Marcus for
local on-screen advertising and gains non-exclusive rights to sell in-lobby
promotional programs in Marcus theatres.
Classic Cinemas, based in Downers Grove, IL, operates 12 theatres with a total of
86 screens, primarily located in the Chicago, IL, DMA. Screenvision already holds
exclusive rights to sell national on-screen advertising for Classic Cinemas and
under the agreement gains exclusive rights to sell local on-screen advertising as
well as rights to sell in-lobby promotions in Classic theatres.
“Each of these circuits adds strength to our network in the DMAs in which they
compete,” said Darryl Schaffer, executive vice president of exhibitor relations for
Screenvision. “This agreement is of particular value in adding to our local
advertising inventory in top DMAs and contributes to the national roll-out of our
digital network.” Including the screens attained under the agreement, Screenvision projects that more
than 6,500 of its screens will carry the company’s high-definition digital network
and air Screenvision’s digital entertainment preshow in 2007.
About Screenvision
Headquartered in New York, N.Y., Screenvision is the world's foremost cinema
advertising company, offering on-screen advertising, in-lobby promotions and
integrated marketing programs to national, regional and local advertisers and
providing comprehensive cinema advertising representation services for its
theatrical exhibitor partners. In the U.S., the Screenvision cinema advertising
network is comprised of nearly 15,000 screens in over 2,300 theatre locations
across all 50 States and 91% of DMAs nationwide, and delivers approximately 700
million consumer impressions annually through more than 150 theatrical circuits,
including 10 of the top 15 exhibition companies. Screenvision is a joint venture
between ITV plc (LSE: ITV), the UK’s largest commercial television network, and
Thomson (Euronext Paris: 18453; NYSE: TMS), a global supplier of technology,
services, and systems to the media and entertainment industries. For more
information: http://www.screenvision.com.