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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Indie filmmakers in Cannes still dreaming of 3-D Sun May 24, 2009 1:44pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Bob Tourtellotte CANNES, France (Reuters) - When rock band U2 played at the Grand Palais of the Cannes film festival in 2007 to trumpet their new three-dimensional concert movie, backers of modern 3-D films hailed the coming of a new era in movies. Two years later, independent producers and distributors making films outside Hollywood's major studios are still waiting for that day to dawn. Many of them face the same hurdles major studios face -- a lack of theaters equipped to play 3-D films, especially in Europe and Asia, and questions over who will pay for the special eyeglasses to watch them. They also face a hurdle of their own, lack of money, because independents are rarely as well financed as studios. But much as The Walt Disney Co. did in 2005 with its 3-D version of "Chicken Little," a few indie producers are wading in, lured by the possibility of bigger box office from higher ticket prices and more fans. Their involvement is good news for film fans, because in recent years independents have made many of the best movies with original tales like Oscar winner "Slumdog Millionaire." Jonathan Wolf, executive vice president of U.S.-based trade group the Independent Film and Television Alliance, said that when special effects-filled movies became big business, people wondered if indies could keep pace with the majors. At the time the answer was yes, and it is the same with 3-D. "Anywhere there is commercial viability, there will be a market," Wolf said. Three-dimensional images date back to early movies and gained popularity in sci-fi films of the 1950s. But they quickly faded due to unsophisticated technology. New 3-D movies use improved eyeglasses and new digital projectors that improve the quality and theatrical experience. INDIES IN 3-D The opening night film in Cannes this year was Disney/Pixar's "Up," which will have 2-D and 3-D versions. DreamWorks Animation Inc. enjoyed a $334 million global success this year with its $175 million "Monsters vs. Aliens," some of which came from 3-D, and Hollywood has a large slate of 3-D pictures ahead. Ticket prices for 3-D films can range from $2 to $5 higher than normal, and distributors find the excitement of seeing some types of movies -- animated family films, action, fantasy and horror -- in 3-D lures more fans to theaters. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Russian group mulls Facebook investment: report Reuters Global Technology Summit Who will come out on top? Technology companies are drawing attention from investors and consumers alike as everyone tries to predict the market bottom and what new inventions might drive a recovery. Full Coverage More Technology News Russian group mulls Facebook investment: report Tech companies look for deals as values fall Pope on Facebook in attempt to woo young believers Facebook and Twitter hunt for revenue U.S. federal judge weighs DVD copying case More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. 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