Intelsat to Enable New Satellite-based Cinema Distribution Network for Grupo Chilefilms

Loading...
Loading...
LUXEMBOURG--(BUSINESS WIRE)--

Intelsat S.A., the world's leading provider of satellite services, today announced an agreement with Grupo Chilefilms to provide satellite connectivity for a new digital cinema distribution network that will serve Mexico, the Caribbean and South America.

Under a multi-year contract, Intelsat will provide C-band capacity to Grupo Chilefilms on the Intelsat 1R satellite at 310° East, transitioning to capacity on the Intelsat 27 satellite, which is scheduled for launch in the first quarter of 2013.

Grupo Chilefilms owns and operates CINECOLOR SAT, a new satellite-based distribution network that will deliver feature films and live events directly to cinemas throughout Latin America. Grupo Chilefilms began testing the network on Intelsat 1R in early October, and it is expected to be fully operational by the end of 2012.

“Delivering content via satellite improves the speed and reliability of distribution while reducing the cost,” said Cristián Varela, CEO of Grupo Chilefilms. “The instantaneous nature of satellite distribution will allow cinemas to show live broadcasts, such as concerts and sporting events, which create new revenue streams for these cinemas.

“Because Latin America is a vast region with great distances between cinema complexes in many cases, physical distribution of films is a logistical challenge. Intelsat understood our requirements and worked with our engineers to create a solution that meets our needs today, and will allow CINECOLOR SAT to grow in the future.”

“Intelsat is the choice for media programming distribution in Latin America and around the world,” said Carmen Gonzalez-Sanfeliu, Intelsat's regional vice president for Latin America & Caribbean sales. “With this innovative approach to feature film and live event distribution, Grupo Chilefilms' customers will benefit from the reliability and flexibility of our network, which will ultimately deliver a service of the highest quality.”

About Grupo Chilefilms

Grupo Chilefilms is the most important audiovisual services provider holding operating in Latin America, with facilities in México, Colombia, Brazil, Argentina, Perú and Chile. As today, CINECOLOR is the most important partner for Hollywood Studios, delivering and distributing 35mm release printing as well as DCP authoring and duplication in the region. In that sense, a further step has been taken by CINECOLOR SAT in order to provide a simulcast digital satellite distribution network throughout the region. For more information, please visit: http://www.cinecolorsat.com.

About Intelsat

Intelsat is the leading provider of satellite services worldwide. For over 45 years, Intelsat has been delivering information and entertainment for many of the world's leading media and network companies, multinational corporations, Internet Service Providers and governmental agencies. Intelsat's satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far. For more information, please visit: http://www.intelsat.com.

Intelsat Safe Harbor Statement

Some of the statements in this news release constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. The forward-looking statements made in this release reflect Intelsat's intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of Intelsat's control. Known risks include, among others, the risks included in Intelsat's annual report on Form 10-K for the year ended December 31, 2011 and its other filings with the U.S. Securities and Exchange Commission, the political, economic and legal conditions in the markets we are targeting for communications services or in which we operate and other risks and uncertainties inherent in the telecommunications business in general and the satellite communications business in particular. Because actual results could differ materially from Intelsat's intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this news release with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Intelsat
Dianne VanBeber, +1 202-944-7406
Vice President, Investor Relations and Communications
dianne.vanbeber@intelsat.com

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...