Digital Cinema Destinations Corp. (DCIN), operating under the brand name Digiplex Destinations, is a U.S. motion picture exhibitor dedicated to transforming its movie theaters into interactive entertainment centers. The Company provides consumers with uniquely satisfying experiences, combining state-of-the-art digital technology with engaging, dynamic content that far transcends traditional cinematic fare.
The Company's customers enjoy live sports events, concerts, conferences, operas, ballet, Broadway plays and many more choices of programs and, on an ongoing basis, the very best major motion pictures.
Digiplex also sells the movies featured as part of the DigiNext In-Venue Film Festival, available in DVD and Blu Ray formats at participating Digiplex theaters. Documentaries are usually available during theatrical release. The Company sells DVDs and downloads online at: www.diginextfilms.com.
Founded in 2010, Digiplex is headquartered in Westfield, New Jersey. As of February 2013, the Company operated 18 cinemas and 178 screens in various locations throughout Arizona, California, Connecticut, New Jersey, Ohio and Pennsylvania.
In June 2012, DigiNext was formed as a specialty content joint venture that features a curated series of select movies played at Digiplex locations. The selected films include edgy comedies, provocative dramas and insightful documentaries, as well as other independent films fresh from festivals around the world.
Digiplex receives a 50% share of all net downstream or ancillary revenues, including DVD and download sales, and international broadcast rights.
For more information, visit: Company Website Presentation Fact Sheet
Digiplex aims to acquire existing cash flow positive theatres in top strategic markets, and increase profitability by converting to digital format and benefiting from operational synergies, incremental revenue opportunities, and cost reductions.
To reach customers, the Company has established an integrated marketing strategy that goes hand-in-hand with its innovative programming. Digiplex effectively utilizes social media and other low-cost, highly targeted advertising to extend its market reach and build brand awareness.
Key Investment Highlights
- Led by Industry Veterans
- Proven Track Record of Growth and Sustainability
- Positioned in Stable and Recession Resilient Entertainment Industry
- Transforms Movie Theaters into Customer-Focused Entertainment Centers
- Aggressively Seeks High-Potential Acquisition Opportunities
A. Dale "Bud" Mayo - Chairman and CEO
A. Dale "Bud" Mayo has enjoyed a successful career in the film exhibition industry, having founded and led both Cinedigm Digital Cinema Corp. (originally known as Access Integrated Technologies) and the U.S. theater circuit, Clearview Cinema Group. In recognition of his efforts within the industry, Mayo was inducted into the film exhibition Hall of Fame at the industry's 2010 ShowEast conference. Mayo served as Chairman, President and CEO from Cinedigm's inception until June, 2010. In 1994, Mayo founded Clearview Cinemas and expanded the theater circuit into the largest independent theater group in the Metropolitan New York area. From 1976 to 1993, Mayo was the founder, CEO and sole shareholder of Clearview Leasing.
He began his career at IBM in 1965 and went on to work on Wall Street in the 1970s. Mayo stays involved in the community and in 1994 helped establish the Mayo Center for the Performing Arts, a not-for-profit organization based in Morristown, N.J., which hosts more than 200 world-class performances per year in every genre.
Chuck Goldwater - Senior Vice President
As Senior Vice President, Chuck Goldwater is responsible for supporting the strategic development of Digiplex and overseeing the operations of the company. Goldwater has held senior management positions at a number of leading theater exhibitors including USA Cinemas, National Amusements, and Loews Theatres. He also served as President/CEO of Mann Theatres and President at Clearview Cinemas. In 2012, he was inducted into exhibition's Hall of Fame at ShowEast, a leading industry conference.
Prior to his employment with Cinedigm Digital Cinema Corp. he was CEO of Digital Cinema Initiatives, LLC (DCI), a joint venture of the seven major Hollywood studios, which established the technical specifications and initial business planning for the worldwide implementation of digital cinema. At the end of 2012, as the domestic digital cinema rollout business came to a close, Goldwater ended his seven-year tenure at Cinedigm where he served as President of its Media Services Group.
Brian Pflug - Chief Financial Officer
Brian D. Pflug, CPA, has served as Digiplex CFO since July 2011, managing the growth of the Company from a financial perspective. Pflug started his career relationship with Digiplex CEO Mayo and others starting in 1998 when he was controller at Clearview Cinemas. During his tenure at Cinedigm Digital Cinema Corp., Pflug rose to Senior Vice President of Accounting and Finance, his most recent position before Digiplex. Pflug holds a Bachelor of Science Degree in Accounting from Rutgers University.
Jeff Butkovsky - Chief Technology Officer
Chief Technology Officer Jeff Butkovsky has an extensive background in digital cinema and more than 25 years in technology management, software development and technology sales. He was Cinedigm Digital Cinema Corp.'s Senior Vice President and Chief Technology Officer from October 2000 to July 2010. Butkovsky was responsible for all technical operations of Cinedigm which included its Theatre Command Center software, Library Management System, digital cinema satellite distribution system and Live Event 3D streaming via satellite. He also managed system integration with third-party vendors such as Christie, Barco, NEC and, Doremi. Butkovsky ensured the company's compliance with the Digital Cinema Initiative (DCI) specification and Society of Motion Picture and Television Engineers (SMPTE) standards. He was the company's technical liaison with Fox, Disney, Paramount, Sony, Universal and Warner Brothers for digital cinema deployment agreements, digital system conformance, and content delivery. He also was the liaison with several film exhibitors including Carmike, Rave, Celebration, and Emagine to sell and deploy digital cinema systems in their theatres. Prior to Cinedigm, Butkovsky held sales management positions at LogicStream, Inc. and Micron Electronics Inc.; and several positions at Motorola as a Senior Systems Engineer and at various technology companies in software development.
John Halecky- Chief Marketing Officer
As Digiplex Chief Marketing Officer, John Halecky is focused on building the Digiplex brand. He has created successful internal and external communications programs for a wide range of business and not-for-profit entities earning recognition from the International Association of Business Communicators, Public Relations Society of America, and National Association of Individual Investors. He became involved in the exhibition industry in 1997 as Director of Investor Relations and Corporate Relations Vice President at Clearview Cinemas. More recently, he has been involved in the development and operation of independent theaters in Pennsylvania and New Jersey. He holds an A.B. in Government and Law from Lafayette College.
Brett Marks- Director of Business Development
Brett Mark, Director of Business Development for Digiplex, is focused on the identification and evaluation of new business opportunities and strategy in close consultation with the CEO. In this capacity, Mark is intimately engaged in the company's M&A activity, negotiations with acquisition candidates, real estate developers and managers, joint venture and financing partners.
Since 1994, Mark has worked closely with Digiplex CEO Mayo, playing an active role as an early stage investor and co-founder of both Cinedigm Digital Cinema Corp. and Clearview Cinema Group where he served as Senior Vice President of Business Development and Real Estate. Previously, Mark had a career in real estate from the mid-1980s to the early 1990s.
Warren Colodner - General Counsel
Warren Colodner serves as General Counsel of Digiplex where he focuses on the Company's robust M&A activity as well as general matters related to contracts, leases, human resource issues and relationships with joint venture partners and investment groups. He has received numerous accolades, including recognition in the prestigious 2012 Best Lawyers in America. His familiarity with the motion picture exhibition industry, in particular, reinforces the caliber of talent Digiplex has attracted to propel Digiplex towards a new era in exhibition.
Prior to joining Digiplex, Colodner was with K&L Gates, one of the 10 largest law firms in the United States where he was a founding partner of the New York office. His areas of specialty included commercial disputes, securities and transactional litigation. After graduation from law school, he was a law clerk for the Honorable Jacob Mishler, United States District Court, Eastern District of New York.
He received a B.A. with distinction from the University of Michigan and is a cum laude graduate of New York University School of Law.
Dean Gentile - Vice President - Operations
Digiplex Vice President of Operations Dean Gentile is an accomplished Operations Management and Auditing professional with 23 years of successful leadership experience in the exhibition industry. He has worked in all aspects of the theater business for leading cinema companies including Regal Cinemas, Clearview Cinemas and Crown Theatres. He has managed several theater locations including his previous role as owner-operator of the Digiplex Bloomfield eight in Connecticut.
He also worked as a Division Manager for Clearview Cinemas charged with leading the start-up of 33 new cinema locations. He also supervised the daily operation of more than 20 theaters throughout New York, New Jersey and Connecticut. At Crown Theatres, Gentile was a director of the company responsible for Auditing, Loss Prevention and Safety programs. In addition, he worked on special projects which resulted in ancillary revenue for Crown Theatres while also developing policies and procedures to increase efficiency of operations and improve safeguards over company assets.
Doreen Sayegh - Vice President - Alternative Programming
In her role as Vice President of Alternative Programming, Doreen Sayegh has principal responsibility for sourcing and selecting alternative entertainment programming for Digiplex from a rapidly expanding community of content creators and emerging distribution channels. Additionally, she coordinates circuit-wide activities related to special events, facility rentals and community relations campaigns.
Prior to joining Digiplex in early 2012, Sayegh was general manager of the Rialto Theater of Westfield and the Cranford Theater in suburban New Jersey. She is an active member of the National Association of Theater Owners of NJ and sits on the NATONJ Scholarship Committee. Doreen grew up in a family of independent theater owners and has been involved in the exhibition industry without interruption since she sold her first bag of popcorn at her father's theater in New Jersey at the age of eight.
Sayegh has also been seen on the silver screen - she has a speaking role in the independent film, The Art of Theatrical Ushery, shot on location at the Rialto Theater of Westfield.
Lisa Dallmeyer - Controller
As Controller for Digiplex, Lisa Dallmeyer has responsibility for financial analysis and reporting, budgeting, preparation of U.S. SEC filings and accounting staff management. Her theater experience includes serving in financial capacities at two other publicly held entertainment companies; Controller at Cinedigm Digital Cinema Corp. and Assistant Controller at Clearview Cinemas. She has additional experience in various finance positions held at DRS Technologies, Paravant Inc., and Roche Diagnostic Systems. She began her work in the accounting profession as a Staff Auditor with Suplee, Clooney & Company, a CPA firm providing services to private, public education and government entities.
Dallmeyer holds a Bachelor of Science degree in Accounting from Montclair State University.