ARTS ALLIANCE MEDIA ANNOUNCES FIRST EUROPEAN COMMERCIAL DIGITAL CINEMA VIRTUAL PRINT FEE AGREEMENTS WITH TWENTIETH CENTURY FOX AND UNIVERSAL PICTURES

Twentieth Century Fox (“Fox”), Universal Pictures International (“Universal”) and Arts Alliance Media (“AAM”), Europe’s leading provider of digital film distribution services, have reached non-exclusive long term Virtual Print Fee (VPF) agreements for digital cinema deployment across Europe, for close to 7000 screens over the next few years. Under the landmark agreements, Fox and Universal have committed to distribute feature film content digitally to Arts Alliance Media DCI-compliant digital cinema projection systems throughout Europe; to the UK and Ireland, Germany, Austria, Switzerland, France, Spain, Italy, the Nordic region and the Benelux. Arts Alliance Media is also engaged in active negotiations with other studios including Buena Vista International and Paramount Pictures International. The VPF business model is a means of financing the conversion to digital cinema, where both distributor and exhibitor contribute over time towards the total cost of the digital projection and server equipment.