VANCOUVER, British Columbia, Aug. 11, 2023 (GLOBE NEWSWIRE) — 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.
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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 / Business
Justin Kulik
CORE IR
justin@coreIR.com
