Two Milestones for Arts Alliance Media
Arts Alliance Media has announced two significant milestones. First the company has signed a deal with Cineworld the second largest cinema chain in Europe to convert its 790-screen circuit to digital over the next three years. Cineworld will finance the deal from its existing financial resources and cash flow. Second AAM also announced the closing of a €50m financing deal with Sankaty Advisors to fund the conversion of over 1 000 screens from AAM’s existing pipeline of exhibitor deals.