updated 1/5/2011 4:47:02 PM ET 2011-01-05T21:47:02

BEVERLY HILLS, Calif., Jan. 5, 2011 (GLOBE NEWSWIRE) -- Lightyear Digital Entertainment, a privately held company based in Beverly Hills, Ca. announced it has completed an extensive retrofit of the legendary Charles Aidikoff Screening Room, located at 150 South Rodeo Drive in the heart of Beverly Hills.

The screening room will be renamed "The Charles Aidikoff Screening Room, a Lightyear Digital Entertainment Theater." The Aidikoff name has encompassed four generations in big screen entertainment. Lightyear acquired the screening room as an initial step in its process of implementing a completely digital media flow that will revolutionize the distribution of media.

"This retrofit is what I've wanted to do for twenty years," stated Charles Aidikoff. "It's beautiful."

Just steps from the exclusive Beverly Wilshire Hotel and fashionable stores of Via Rodeo Drive, Lightyear's technically advanced private theater is certified by The Academy of Motion Picture Arts and Sciences for Academy screenings.

The theater offers screenings in traditional film, high-definition digital format and 3D. With its unrivalled and immersive Klipsch sound system, the theatre is recognized internationally for excellence in high quality presentation and technical reliability.

Lightyear Digital Entertainment, an industry leader since 1994, offers exhibitors across North America exceptional quality new or retrofitted theatres. The venues are networked to Lightyear's existing international content delivery platform enabling a vast spectrum of streamed media to be screened to audiences. Apart from alternative content Lightyear's initial focus will be on education, arts and culture.

The guest list for this invitation only event includes Beverly Hills city officials, Hollywood celebrities, motion picture industry executives and patrons of the screening room.

For more information visit www.lightyeardigital.com or www.aidikoff.tv

CONTACT:  Financial Sciences of America
          Fran Daniels
          310-278-4413

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.94%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.40%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.12%
17.11%
Source: Bankrate.com