Barco launches Financing Program to help movie exhibitors invest in 3D immersive cinema sound

Rancho Cordova, Calif., USA – 17 April, 2013 – Barco, a global leader in digital cinema technology, has teamed up with CSI Leasing, Inc. to provide financial assistance to theater owners desiring to upgrade their cinema experience with Barco’s immersive cinema sound format, Auro 11.1.

Available in North America, the Barco Auro Financing Program provides a variety of financing solution options designed to meet the unique needs of movie exhibitors, many whom have recently converted to digital cinema during the last couple of years.

“We understand that, on the heels of converting their theater circuits to digital cinema projection, many exhibitors may want special financing to take the next step toward immersive cinema by upgrading to Auro 11.1 by Barco,” comments Patrick Lee, Vice President Digital Cinema for Barco North America.  “We don’t want anything to stand in the way of their ability to create their ‘Cinema of the Future.’” This is why we’ve teamed with CSI Leasing, a leader in equipment financing, to offer a leasing program featuring low rates and favorable terms, to make immersive cinema sound ownership a reality.”

Financing options to suit every need
The Auro Financing Program offers exhibitors competitive lease rates, with no up-front costs, advance payments or commitment fees. CSI Leasing can structure a program that will meet customers’ financial objectives and budget requirements, promising a quick and easy credit process for several lease packages:

  • Auro 11.1 Only – Finance an Auro 11.1 system that includes the Auro decoder and 24-channel Audio processor.
  • Third-Party Equipment and Installation Package – Finance the acquisition of speakers, amplifiers and installation.
  • Auro Turnkey – Finance a turnkey solution, including Auro 11.1 equipment, third-party equipment and installation.

The Auro 11.1 system includes everything an exhibitor needs to create an immersive cinema sound solution except additional necessary speakers and amplifiers, which are the sole responsibility of the exhibitor to install prior to the Auro 11.1 deployment.

“We’re very well versed in the unique business model and specific needs of movie theater owners, having worked closely with many exhibitors to help them with their digital cinema conversions,” comments Bob Rinaldi, SVP of CSI Leasing. “As the largest privately-owned independent lessor in the U.S., CSI Leasing brings more than 40 years of equipment leasing experience, offering Barco and its customers a reliable source of funding and convenient, affordable lease options to help them expand their operations.”


About CSI Leasing
CSI Leasing, Inc. (CSI) is one of the largest privately-held independent equipment leasing specialists in the world, with customers in more than 36 countries. Established in 1972 and headquartered in St. Louis, Missouri, CSI has more than 40 sales offices located throughout the U.S. and more than 70 offices around the world, leasing in 36 countries.  With 750+ employees worldwide, CSI Leasing is privately-held and majority owned by employees. The company is led by Ken Steinback (chairman), Bill Gillula (vice-chairman and CEO) and Steve Hamilton (president and COO). CSI Leasing is a member of the Equipment Leasing and Finance Association (ELFA) and the Association of Service and Computer Dealers International (ASCDI).

About Auro Technologies
Auro Technologies (www.auro-3d.com; www.auro-technologies.com) is a spin-off of the Galaxy Studios Group and owner of the Auro-3D® Technology Suite. The Auro-3D® Concept and Listening Formats are designed by Wilfried Van Baelen, founder and CEO of Galaxy Studios and Auro Technologies. Galaxy Studios is renowned worldwide for its state-of-the-art leadership in audio innovation for music and sound for film. The Auro-3D® suite offers ground-breaking, easy-to-use and unprecedented levels of sound reproduction capabilities to the professional, automotive, broadcast and consumer electronics markets (such as gaming, smart phones, multimedia PC, notebooks, tablets, audio players, digital TV, media libraries and packaged media).

About Barco 
Barco, a global technology company, designs and develops visualization products for a variety of selected professional markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia Pacific. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with about 3,900 employees worldwide. Barco posted sales of 1.156 billion euro in 2012


©   Copyright 2013 by Barco

 

For more information, please contact

Tyler West Tyler West
Corporate Marketing Director, North America
Barco nv

Telephone +1 678-512-6107
tyler.west@barco.com

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