Cinedigm Announces Agreement With MGM for Film Content and Virtual Print Fees

Secures Long-Term Commitment to Digital Distribution

MORRISTOWN, NJ -- (Marketwire) -- 03/30/09 -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) (formerly AccessIT), a pioneer in the digital cinema industry, today announced that Metro-Goldwyn-Mayer Studios Inc. (MGM) will supply its upcoming movies in digital form to the network of theatres Cinedigm equipped in Phase 1 of its digital cinema deployment plan and will pay virtual print fees (VPFs) under a long term agreement.

This new agreement is a continuation of a partnership between Cinedigm and MGM under which MGM has provided digital versions of most of their motion pictures over the last two years to Cinedigm's network of exhibitors nationwide, most recently "Valkyrie" and looking ahead to "Fame" this September.

"As we continue to add more major distributors like MGM to our long term Phase 1 and Phase 2 plans, we are not only providing more higher quality digital choices for theatres and their customers, we are adding value for our shareholders," said Bud Mayo, Chief Executive Officer of Cinedigm.

"We are delighted to extend our relationship with MGM and expand our digital film library with MGM's outstanding lineup of movies," added Chuck Goldwater, President of Cinedigm's Media Service Division. "This agreement allows exhibitor partners equipped with our digital cinema systems to access MGM's highly-anticipated slate of titles. It also serves as another important step in furthering the theatre industry's digital evolution and will undoubtedly drive demand for digitally-enabled screens."

Jim Orr, Executive Vice President and General Sales Manager of MGM's Domestic Distribution division, said, "Given the growing trend toward digital content and distribution, it is clear that digital cinema has an incredibly bright future and MGM is pleased to formalize our relationship with Cinedigm."

Cinedigm's Digital Cinema division is the industry-leading deployment program for Digital Cinema that provides the funding, installation support and administration for the company's studio-supported Digital Cinema rollout plans.

To date, Cinedigm has contracted for and completed the rollout of nearly 4,000 systems in forty-one states with exhibitors including Atlas Theatres, Allen Theatres, Carmike Cinemas, Celebration! Cinema, Cinema West, Cinetopia, Dickinson Theatres, Emagine, Galaxy Cinema, Marquee Cinemas, Krikorian Premiere Theatres, MJR Theatres, Neighborhood Cinema Group, Premiere Cinema Corp., Rave Motion Picture Theatres, Showplace Cinemas, UltraStar, and Cinedigm's own Pavilion Digital Showcase Theatre.

Its Phase 2 plan for up to an additional 10,000 screens will provide networked, turnkey Digital Cinema systems in conformance with DCI specifications, including Cinedigm's unique Library Management Server® and Theatre Command Center® software.

About Cinedigm

Cinedigm Digital Cinema Corp. is the global leader in fulfilling the promise of digital cinema. Its ground-breaking technology platform helps exhibitors, distributors, studios and content providers transform the consumer movie experience -- by expanding theatrical features to include not only movies but also live 2-D and 3-D performances such as major sporting events, concerts and gaming. The Company also enables theatres to create exhibitions and advertising opportunities targeted to specific audience groups and locations thereby offering new revenue opportunities for these venues. Cinedigm's leading digital cinema platform and one-of-a-kind satellite delivery operations support almost 4,000 theatre screens equipped with DLP Cinema® projection systems across the United States with over ten million digital showings of Hollywood features to date. www.Cinedigm.com [CIDM-G]

About Metro-Goldwyn-Mayer Inc.

Metro-Goldwyn-Mayer Inc., through its operating subsidiaries, is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music and licensed merchandise. The company owns the world's largest library of modern films, comprising around 4,100 titles. Operating units include Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM Networks Inc., MGM Domestic Networks LLC, MGM Distribution Co., MGM International Television Distribution Inc., Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Worldwide Digital Media, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching nearly 120 countries. MGM ownership is as follows: Providence Equity Partners (29%), TPG (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). For more information, visit www.mgm.com