Hollywood Studios Will Help Pay For The Move To Digital Theaters

October 2, 2008

Five major Hollywood studios have agreed to help pay for a $1 billion plan to bring digital technology to movie screens in North America, as movies make the move to 3D..<br /> ...Washington (ChattahBox) – Five major Hollywood studios have agreed to help pay for a $1 billion plan to bring digital technology to movie screens in North America, as movies make the move to 3D.

The Hollywood studios have teamed up with the Digital Cinema Implementation Partners, which are made up of major movie chains, to help expand the project.

The idea behind the project, which will kick off in 2009, is to begin to convert half of all of the movie screens in North America to digital.

This is not an easy task, as each screen costs $70,000 to make the conversion.

The studios are going to help pay for some of it to offset the cost a bit.

The studios who have joined the deal include DIsney, Paramount, 20th Century Fox, Universal Pictures, and Lions Gate Entertainment.


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