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Cinedigm completes sale of 244 digital cinema projection systems

Cinedigm Corp. completed the sale of a total of 244 digital cinema projection systems.

This includes completing the sale of its previously announced 125 digital cinema projection systems, in addition to the sale of 102 digital cinema projection systems. Cinedigm said Jan. 9 that it also sold 17 systems earlier, bringing the total number of digital cinema projection systems sold to date to 244 systems.

Financial details were not disclosed.

Cinedigm is in the process of selecting an advisory firm to help monetize its remaining equipment systems.