National CineMedia Engages JPMorgan to Assist with Structuring of Digital Cinema Business

June 28, 2006
"Over the past several months our technology team has made great progress working with manufacturers on the preliminary architecture and cost of the digital cinema systems and now it is time to begin the development of a detailed financing plan that will be supported by the major studios and exhibitors"
NEW YORK & DENVER--(BUSINESS WIRE)--June 28, 2006--National CineMedia, LLC (NCM), the media, marketing and content distribution venture of AMC Entertainment Inc., Cinemark USA, Inc. and Regal Entertainment Group (REG, NYSE: RGC), has selected JPMorgan to assist with the evaluation and development of a financing plan to help support the exhibition and motion picture industries' transition from film to digital cinema. NCM is actively developing a digital cinema financing and equipment deployment plan for its owner's nearly 13,000 screens nationwide, as well as other participating exhibitor screens. The announcement was made today by Kurt Hall, chairman and chief executive officer of NCM.

"Over the past several months our technology team has made great progress working with manufacturers on the preliminary architecture and cost of the digital cinema systems and now it is time to begin the development of a detailed financing plan that will be supported by the major studios and exhibitors," said Mr. Hall. "JPMorgan is the world's leading media industry investment bank with a track record of developing innovative financial solutions. This creativity and their understanding and relationship base at the major studios will play a critical role as we create the financial intermediary and agreements with the studios that will support the cost of digital cinema. The appointment of JPMorgan and the recent addition of Travis Reid to our team are critical steps forward in our effort to make digital cinema a reality."

About National CineMedia, LLC

National CineMedia, LLC is a venture of AMC Entertainment Inc., Cinemark USA, Inc. and Regal Entertainment Group (NYSE: RGC), three of the world's leading theatrical exhibition companies. The company develops pre feature entertainment; cinema and lobby advertising products; comprehensive meeting and event services; and alternative forms of entertainment content for distribution across the approximately 13,000 screens operated by its owner theatre circuits and other theatre affiliates. Over 11,000 of these screens are part of NCM's Digital Content Network (DCN), the world's largest in-theatre digital distribution network. The network provides content and advertising to 150 markets, including 49 of the top 50, reaching 525 million movie patrons annually. For additional information, please go to www.ncm.com.

Contact:

National CineMedia
Lauren Leff, 212-931-8107
lauren.leff@ncm.com