Friday, June 18, 2010

Cineplex to buy DDC

According to this release, Cineplex Entertainment LP, Canada's largest motion picture exhibitor, said it agreed to acquire DDC Group International Inc for about $3.5 million CAD to boost its digital media business.

Waterloo-based DDC designs, installs and operates digital signage networks on software platforms in retail, financial, hospitality and entertainment markets across North America. DDC has collaborated on such projects as the 320-screen digital signage install at Toronto's Air Canada Centre and Labatt's in-store "PODS".

The deal is expected to close on or about July 2, Cineplex Entertainment said in a statement.

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