Kaleidescape, Sony Mount Joint Promotion

Kaleidescape, designer and manufacturer of home movie servers and players, has mounted a joint promotion with Sony Electronics offering a $3,000 discount to customers purchasing a Kaleidescape system alongside one of four Sony projectors: VPL-GTZ380, VPL-VW5000ES, VPL-VW995ES or VPL-VW915ES.

“This joint promotion with Kaleidescape underscores our unwavering commitment to provide the finest in 4K HDR entertainment,” Jeff Goldstein, head of custom integrator channel sales at Sony Electronics, said in a statement. “Besides being an incredible deal, this incentive ensures that our customers will get the very best from their premium Sony projector.”

Kaleidescape delivers reference-quality 4K HDR movies at the source, optimizing for the highest resolution, dynamic range and contrast capabilities of Sony’s high-end projectors, according to a company press release. With more than 12,000 movies and shows to choose from within its interface, Kaleidescape employs proprietary metadata to adjust Sony’s projectors to display every movie in native aspect ratio.

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“Sony is synonymous with 4K innovation and shares Kaleidescape’s vision for delivering the finest picture and sound quality,” Kaleidescape CEO Tayloe Stansbury said in a statement. “When you combine Sony’s finest projectors with Kaleidescape’s exceptional products, like the newly released Terra movie server with 48TB storage, the result is a 4K HDR experience you can’t take your eyes off.”

A streaming device cannot maximize a high-end projector’s innovative capabilities and stops short of delivering the best possible viewing experience, according to the press release. In contrast, a Kaleidescape system is designed to play 4K HDR movies with a video bitrate four times higher while reproducing lossless audio at up to 10 times higher than any streaming device.

Cinedigm Continues Piecemeal Sale of Digital Projection Business

Before Cinedigm became a home entertainment distributor and over-the-top video provider, it marketed a proprietary brand of digital projections for theatrical exhibitors.

The company Dec. 19 announced it entered into an agreement for the sale of 125 digital cinema projection systems. The sale for an undisclosed amount represents another step in the monetization of the 3,724 projectors Cinedigm owns. The distributor previously sold 17 systems and expects to close the current sale by Jan. 15, 2019.

Cinedigm, which is majority owned by Chinese investors, at one time spearheaded an industry initiative to convert movie theaters from 35mm analog projectors to digital projection technology.

It installed digital projection systems for 12,688 theater screens, with 382 exhibitor partners in multiple territories worldwide. In total, 3,724 of those systems were owned by the Cinedigm, and 142 of such systems have been sold or are contracted for sale to date.

“We are evaluating international and domestic opportunities to monetize our additional owned projection systems and look forward to sharing more news on this front in the near future,” Gary Loffredo, president of digital cinema and general counsel, said in a statement.