Qube Cinema Signs Definitive Agreement to Acquire MetaMedia

January 14, 2025

Qube Wire Becomes World’s Largest Electronic Content Delivery Network to Cinemas

Los Angeles – Qube Cinema, a leading provider of end-to-end digital cinema technology solutions, has signed a definitive agreement to acquire a 100% stake in MetaMedia (MMT Tech, Inc). MetaMedia is North America’s largest cloud-based content delivery platform to cinemas.

With this acquisition, Qube Wire becomes the world’s largest cinema electronic delivery network with over 5,000 cinemas connected across 51 countries. In the United States, the merged network will provide coverage to 9 of the top 10 largest cinema chains. Qube will continue to execute MetaMedia’s existing deployment plans and service its customer agreements.

“The acquisition of MetaMedia is a huge move for Qube’s North American operations,” said Harsh Rohatgi, CEO of Qube Cinema. “MetaMedia’s innovative network has consistently delivered faster, more costeffective solutions for content delivery, saving millions compared to traditional methods. At Qube, we’ve leveraged this technology to bring Indian feature films to North American cinemas with speed and precision, expanding the size and number of Indian releases by 3x in the last five years. With the addition of MetaMedia, our combined strengths will set a new standard in cinema content delivery for many more distributors and create unparalleled value for the global movie industry.”

MetaMedia Founder and Chief Executive Officer Jason Brenek said, “Each year since MetaMedia’s launch in 2020, we have expanded the size of our North American network and increased the volume of premium recorded and live content delivered to cinemas. MetaMedia’s acquisition by trusted entertainment industry leader Qube is the next logical step in our evolution. With global operations in every region around the world, Qube brings global scale and stability, end-to-end technology solutions for the digital cinema ecosystem, unparalleled in-house engineering, and support teams with deep expertise in video, audio, and technology across content production, post-production, and distribution. We look forward to joining the Qube corporate family and continuing to support our valued studio and cinema partners.”

For nearly four decades, Qube Cinema has been a trailblazer in the global filmmaking and exhibition industries. Qube is one of a handful of companies in the world that has developed a DCI-certified digital cinema server. With a team of about 1,000 employees who are passionate about the domain, Qube continues to revolutionize cinema exhibition and distribution with cutting-edge, reliable, and cost-effective solutions. With technology to service the world’s greatest content creators and exhibitors, Qube continues to introduce innovations to the cinema ecosystem that are reshaping the cinematic experience for audiences worldwide.

Qube Wire has been growing consistently since launching as a global cloud-based distribution platform in early 2017. Today, Qube Wire powers the supply chain for many major content distributors, including all the major Hollywood studios. Qube Wire also delivers over 95% of all the Indian movies released around the world. With its regional partnerships and automated hard drive duplication hubs, Qube Wire provides content delivery services to cinemas in 135 countries around the world.

Mark Waterston, Executive Vice President, Qube Wire, commented “MetaMedia has been a trusted delivery partner of Qube Wire for a long time, and I have consistently been impressed by their team. I am excited to see how our combined group can assist the distribution and exhibition communities here in the United States.”

Notably, Qube Wire has enabled a substantial increase in the box office of Indian movies in the United States. Indian movies are often finished only days before their release, which makes Qube Wire’s fast and Qube Cinema 2 efficient cloud-based distribution system essential to meet nearly impossible delivery deadlines. Hollywood studios are noticing how the broadband-based delivery model embraced by MetaMedia and Qube Wire is a substantial improvement on existing satellite and hard drive fulfillment methods predominantly used in the United States.

Qube’s office in Los Angeles has a large, robust, and secure hard drive replication and shipping operation. This office will provide hard drive delivery to cinemas that are not yet connected to the electronic delivery network, as well as automatic hard drive remediation in the event of network interruptions to the connected cinemas.

Qube Wire also provides KDM management for many of its customers. Last year, Qube issued more than 2.3 million KDMs to theatres in North America. Qube has a large, well-maintained global Trusted Device List (TDL), and distributors and exhibitors have a dedicated team of more than 30 people available 24×7 to resolve issues as they arise.

About Qube Cinema
Qube Cinema (www.qubecinema.com) is a pioneer in crafting end-to-end digital cinema technology and delivers cutting-edge products and services to filmmakers, exhibitors, and audiences. With a global presence in 135 countries and operations in over 4,000 Indian screens, Qube’s flagship products include Qube XP, fourth generation DCI compliant digital cinema servers, QubeMaster (digital cinema mastering), Qube Wire (content distribution solution), and Qube Slate (advertising scheduling system). It also operates the Qube Cinema Network (QCN) for in-cinema advertising in the Indian market.

About MetaMedia
MetaMedia delivers movies, live marketing and commercial events, advertising, and other premium content to cinemas. MetaMedia’s cloud-based platform provides for the secure, rapid and cost-effective delivery of big-screen entertainment to cinemas. MetaMedia is headquartered in Los Angeles, California. For more information, please visit www.metamedia.global.

About Qube Wire
Qube Wire is a self-service, single-window system for global theatrical distribution. With a simple yet comprehensive user interface, distributors can manage their digital cinema assets, assign territorial rights for their content, and have their Digital Cinema Packages (DCPs) and keys (KDMs) delivered to movie theatres across the world. Theatres can manage their own digital cinema device details and access their Universal Inbox on the Qube Wire service as well. To sign up for the Qube Wire service, http://www.qubewire.com.

For further information, please contact:

Krithika Narayanan
Qube Cinema
+91 9841779699
krithika.narayanan@qubecinema.com

© 2025 Qube Cinema, Inc. All rights reserved. Product features, specifications, system requirements, and availability are subject to change without notice. All prices, promotions and discounts are subject to availability and may change without notice. Qube Wire, Qube XP, Qube Xi, QubeMaster Pro, QubeMaster Xport, QubeMaster Xpress, QubeCast, Cheers & Moviebuff are the trademarks of Qube Cinema Technologies Pvt. Ltd. All other trademarks contained herein are the property of their respective owners.

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Jason Brenek

Chief Executive Officer

Leveraging two decades of senior executive experience across multiple sectors of the film and entertainment industry, Jason Brenek assembled a group of powerful industry leaders with incomparable experience and relationships to forge the building blocks of MetaMedia. As Chief Executive Officer of MetaMedia, Brenek focuses intently on realizing the operational, economic and programming benefits of creating a next-generation distribution network, which are mutually-beneficial to content producers and cinemas around the world.

Prior to MetaMedia, Brenek was President of IMAX HOME at the IMAX Corporation, where he led business and engineering teams around the world to develop and launch multiple new products, technologies, and platforms. Before IMAX, Brenek spent over a decade in senior management roles at The Walt Disney Studios. While serving as Senior Vice President of International In-Home and Head of Global Business Development and Strategic Partnerships, Brenek established partnerships with global brands including Netflix, Google, Amazon, Apple. and Samsung to distribute Disney-owned content across new digital/OTT platforms, television, and retail. Brenek previously served as Disney's Senior Vice President of Worldwide Digital Cinema and Cinema Programming, overseeing the company's global transition from analog to digital cinema. Brenek also developed and co-produced two Disney feature films and multiple live sporting events in cinemas with ESPN. Brenek received his Master of Business Administration from Harvard Business School and his Bachelor of Business Administration from the University of Texas at Austin.

Danny C. Stein

Chairman

Danny Stein is a seasoned, growth-oriented media and technology executive with 30 years of operating and investment experience across media, technology, and consumer businesses. Stein has managed across the full life-cycle of deal origination, deal execution, business building and exit for small and mid- cap public, private and distressed companies. Stein is a digital media innovator having built a portfolio of businesses as CEO of Dimensional Associates 2003-2014, including as the Executive Chairman of the Orchard Enterprises, a global music and entertainment company, specializing in media distribution and 1091 Pictures, a digital and theatrical distribution company. From 2015-2016, Stein was the Senior Vice President, Growth Investments of MacAndrews and Forbes Holdings, Inc., a company that acquires and manages a diversified portfolio of public and private companies across various industry segments.  In that role, Stein’s focus was on building and investing in digital media and technology-enabled businesses. Through MacAndrews and Forbes, Stein also served as President of New Media and Corporate Development at Deluxe Entertainment (a wholly owned subsidiary of MacAndrews of Forbes), responsible for Corporate Development, M&A, Strategy, Digital Media and Innovation.

Chuck Goldwater

President, North America

For over two decades, Chuck Goldwater has served as a senior executive in the entertainment and cinema exhibition industry which has earned him incomparable industry-wide trust and respect. As President, North America for MetaMedia, Goldwater draws upon his broad understanding and deep connections to exhibitors and studios across the country to create a robust network of exhibitor and studio partnerships for MetaMedia. He also applies his knack and experience for building successful entertainment startups to MetaMedia's growing infrastructure and success.

Prior to MetaMedia, Goldwater was co-founder and CEO at cinema chain New Vision Theaters. Before that, Goldwater served as Vice President of Strategic Initiatives at Carmike Cinemas, which acquired Digiplex Destinations, a cinema chain where Goldwater served as Executive Vice President and a member of the Board of Directors. At New Vision, Carmike, and Digiplex, Goldwater was an energetic and effective advocate for alternative programming and “event cinema” as a means of increasing seat utilization and creating incremental revenue for exhibitors. Before Digiplex, Goldwater was President of Cinedigm (formerly known as AccessIT), the company credited with deploying the first digital cinema infrastructure and electronic delivery network. Previously, Goldwater was selected by the then seven largest Hollywood studios to serve as Chief Executive Officer of Digital Cinema Initiatives (“DCI”), a joint venture that created the industry-wide specifications and the technical quality and security architecture for digital cinema systems. Goldwater was also inducted into the industry’s ShowEast Hall of Fame and is a Will Rogers/Motion Picture Pioneers Foundation Board Advisory Member.

Shaiwal “Shay” Priyadarshi

Chief Technology Officer (CTO)

A dynamic inventor with over a dozen patents, Shaiwal "Shay" Priyadarshi is a trusted leader and mentor to high-performing tech teams, executives and business partners. For over 25 years, Priyadarshi has assembled and led front-end and back-end engineering teams, developed market-leading products and intellectual property that spans from embedded systems and data centers to leading cloud platforms such as Amazon Web Services, Microsoft Azure, Google Cloud Platform and Oracle Cloud. As chief technology officer (CTO) for MetaMedia, Priyadarshi continues to maintain his exemplary track record of overseeing innovative products from concept to delivery.

Prior to MetaMedia, Priyadarshi was CTO of IMAX Home, where he developed the world's highest-quality, internet-delivered video playback system needed to support IMAX Corporation’s pioneering technologies. Before IMAX, he served as CTO of PRIMA Cinema where he led the research, development and approval processes of the world's first and only movie service that was authorized to distribute new Hollywood movies to private home theaters. And previous to PRIMA Cinema, he worked as director of engineering at DivX, where he led the development of new technologies that power many leading streaming services today. Priyadarshi received his Bachelor of Engineering in Computer Science and Electronics from the University of Edinburgh, Scotland.