- Scrabble Entertainment entered the US market with its VPF-driven equipment lease model, backed by Providence Equity, offering a lifeline to those exhibitors that cannot raise the money to buy systems, but have the cash flow to cover monthly payments.
- Kodak received court approval to borrow up to $844 million to finance the rest of its restructuring. It’s expected to exit bankruptcy in June.
- Cinedigm woke up Hollywood by partnering with BitTorrent to promote seven minutes of Dante Ariola’s “Arthur Newman,” starring Colin Firth and Emily Blunt. Torrent technology is a technique for facilitating the download of large files by breaking them up into smaller, distributed chunks. BitTorrent achieved notoriety for its early use by pirates, but there are many legitimate uses for the technology.