Exhibit 99.1

RealD Inc. Reports Third Quarter Fiscal 2011 Financial Results

LOS ANGELES (February 3, 2011) - RealD Inc. (NYSE: RLD), a leading global licensor of 3D technologies, today announced the Company’s financial results for the three and nine months ended December 24, 2010.

Third Quarter Fiscal 2011 Results

For the third quarter of fiscal 2011, RealD reported net revenue of $57.8 million, compared to $30.2 million for the third quarter of fiscal 2010, an increase of 91 percent.

GAAP net loss attributable to common stockholders for the third quarter of fiscal 2011 was $16.6 million, or $0.34 per diluted share, compared to a GAAP net loss attributable to common stockholders of $15.1 million, or $0.61 per diluted share, for the third quarter of fiscal 2010.  Excluding the impact of motion picture exhibitor option expense of $22.0 million and $11.8 million respectively, non-GAAP net income attributable to common stockholders for the third quarter of fiscal 2011 was $5.4 million, compared to a non-GAAP net loss attributable to common stockholders of $3.3 million for the third quarter of fiscal 2010. Non-GAAP net income (loss) attributable to common stockholders is defined below and reconciled to net loss attributable to common stockholders, the most comparable measure under GAAP, in the section entitled “Use of non-GAAP financial measures”.

Adjusted EBITDA for the third quarter of fiscal 2011 was $16.9 million, compared to $5.4 million for the third quarter of fiscal 2010, an increase of 213 percent.  Adjusted EBITDA, which is a non-GAAP financial measure, is defined below and reconciled to net income (loss), the most comparable measure under GAAP, in the section entitled “Use of non-GAAP financial measures.”

As of December 24, 2010, the Company had deployed approximately 11,300 RealD-enabled screens, comprised of 6,900 domestic (United States and Canada) RealD-enabled screens and 4,400 international RealD-enabled screens, and representing an increase of 163% from 4,300 screens at December 25, 2009 and an increase of 22% from approximately 9,300 screens at September 24, 2010.

At December 24, 2010, the Company had total cash and cash equivalents of $35.5 million.

Management Comments

“We are pleased that the third quarter marked a continuation of the strong performance we delivered in the first half of fiscal 2011,” said Michael V. Lewis, Chairman and Chief Executive Officer of RealD.  “Driven by an increasing 3D film slate and growing consumer demand for an immersive 3D visual experience, the 3D box office continued to expand in the third quarter of fiscal 2011.  Our ability to garner over an estimated 80% of the domestic 3D box office and, we believe, an increasing share of the international 3D box office, serves as a testament to the superior technology and value proposition that RealD delivers to exhibitors.  We look forward to enabling the continued growth of 3D cinema through the ongoing worldwide deployment of our premium RealD 3D cinema systems which deliver a distinctive and immersive 3D visual experience to consumers.”

First Nine Months Fiscal 2011 Results

For the nine months ended December 24, 2010, RealD reported net revenue of $187.6 million, compared to $94.4 million for the nine months ended December 25, 2009, an increase of 99 percent.

GAAP net loss attributable to common stockholders for the nine months ended December 24, 2010 was $16.8 million, or $0.43 per diluted share, compared to a GAAP net loss attributable to common stockholders of $30.4 million, or $1.24 per diluted share, for the nine months ended December 25, 2009.  Excluding the impact of motion picture exhibitor option expense of $34.0 million and $18.0 million respectively, non-GAAP net income attributable to common stockholders for the nine months ended December 24, 2010 was $17.3 million, compared to a non-

GAAP net loss attributable to common stockholders of $12.4 million for the nine months ended December 25, 2009.

Adjusted EBITDA for the nine months ended December 24, 2010 was $44.4 million, compared to $11.5 million for the nine months ended December 25, 2009, an increase of 285 percent.

Second Half Fiscal 2011 & First Half Fiscal 2012 3D Theatrical Release Schedule

(As of February 3, 2011)

Source: Rentrak

Conference call information

Members of RealD management will host a conference call to discuss its third quarter fiscal 2011 financial results beginning at 4:30 pm ET (1:30 pm PT), today, February 3, 2011.  The conference will be broadcast live over the Internet, hosted at the Investor Relations section of the company’s website at www.reald.com, and will be archived online upon completion of the call.

Cautionary note on forward-looking statements

This press release includes forward-looking information and statements, including but not limited to: statements concerning anticipated future financial and operating performance; RealD’s ability to continue to derive substantial revenue from the licensing of RealD’s 3D technologies for use in the motion picture industry, as well as RealD’s ability to generate substantial revenue from the licensing of RealD’s 3D technologies for use in the 3D consumer electronics market; 3D motion picture releases and conversions scheduled for 2010 and 2011; our ability to supply our solutions to our customers on a timely basis; the progress, timing and amount of expenses associated with RealD’s research and development activities; market and industry trends, including growth in 3D content; and RealD’s projected operating results. These statements are based on our management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our management’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements.  The company’s quarterly report on Form 10-Q for the three and nine months ended December 24, 2010 includes a more detailed discussion of the risks and uncertainties that may cause that could cause actual results to differ materially from the results discussed in the forward-looking statements.

RealD undertakes no obligation to update publicly the information contained in this press release, or any forward-looking statements, to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.

Use of non-GAAP financial measures

To supplement RealD’s financial statements presented on a GAAP basis, RealD provides non-GAAP net income attributable to common stockholders and Adjusted EBITDA as supplemental measures of its performance.  The company defines non-GAAP net income attributable to common stockholders as net income attributable to common stockholders excluding the impact of motion picture exhibitor option expense.  The company defines Adjusted EBITDA as net income (loss), plus net interest expense, income taxes and depreciation and amortization, as further adjusted to eliminate the impact of share based compensation expense, exhibitor option expense and certain other items not considered indicative of the company’s core operating performance.

RealD presents non-GAAP net income attributable to common stockholders and Adjusted EBITDA in reporting its financial results to provide investors with additional tools to evaluate RealD’s operating results in a manner that focuses on what RealD’s management believes to be its ongoing business operations.  RealD’s management does not itself, nor does it suggest that investors should, consider any such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.  Adjusted EBITDA is used by management for planning purposes, including: the preparation of internal budgets, forecasts and strategic plans; in analyzing the effectiveness of business strategies; to evaluate potential acquisitions; in making compensation decisions; in communications with its Board of Directors concerning financial performance; and as part of the company’s credit agreement in which Adjusted EBITDA is used to measure compliance with certain covenants.

About RealD Inc.

RealD is a leading global licensor of 3D technologies. RealD’s extensive intellectual property portfolio is used in applications that enable a premium 3D viewing experience in the theater, the home and elsewhere. RealD licenses its RealD Cinema Systems to motion picture exhibitors that show 3D motion pictures and alternative 3D content. RealD also provides its RealD Display, active and passive eyewear, RealD Format and gaming technologies to consumer electronics manufacturers and content producers and distributors to enable the delivery and viewing of 3D content.  RealD’s cutting-edge 3D technologies have been used for applications such as piloting the Mars Rover.

RealD was founded in 2003 and has offices in Beverly Hills, California; Boulder, Colorado; London, United Kingdom; Shanghai, China; Hong Kong; and Tokyo, Japan. For more information, please visit our website at www.reald.com.

© 2011 RealD Inc.  All Rights Reserved.

Contact:

Addo Communications

Andrew Greenebaum / Laura Foster

310-829-5400

andrewg@addocommunications.com / lauraf@addocommunications.com

RealD Inc.

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