Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
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
Digital cinema still a work in progress
Wed Oct 28, 2009 12:44am EDT
Email | Print |
Share
| Reprints | Single Page
[-]
Text
[+]
By Carl DiOrio
ORLANDO (Hollywood Reporter) - The movie industry seems almost embarrassed about the prospect of promising too much too soon regarding digital cinema.
Too late.
A decade into a planned industrywide conversion to digital projection, the effort remains a work in progress, with the protracted credit crunch reducing the rollout of d-cinema hardware to a snail's pace for the past year. That's also hampered the related introduction of 3D projection.
But with the financial community finally beginning to rebound, d-cinema proponents here Tuesday politely asked movie theater owners attending the exhibition industry's annual ShowEast conference to keep the faith.
"The reason you do this is to add to your business," Bud Mayo, CEO of d-cinema integrator Cinedigm, said during a panel discussion. "It's not just to have cool technology up on your screens. We've seen the incremental increase in revenue that 3D allows."
JPMorgan managing director Andy Sriubas said bankers helping integrators and studios to underwrite installation costs also want to see that "exhibition has some skin in the game." In an earlier round of digital installations, studios footed the bill almost 100%.
Exhibitors seem OK with shouldering a modest portion of installation costs. In fact, some self-financed digital conversions as integrators waited out the credit crunch.
"We didn't want to wait," said Henry McCalmont, who converted half of the six screens in his Mountain Home, Ark., multiplex to digital and added 3D capability to some.
Art Gordon of AG Theatres also jumped quickly into digital and 3D for his two theaters in Guam. "I'm a believer," he said with a shrug.
Even bigger exhibitors have continued to convert a select number of screens. But the U.S. big three -- Regal, AMC and Cinemark -- have had to wait for Wall Street support before proceeding with more ambitious rollouts.
"We're really ready to get going," said Travis Reid, CEO of big-three integrator Digital Cinema Implementation Partners.
DCIP and JPMorgan recently went to market with a $525 million loan syndication to fund the rollout of 15,000 screen installations during the next several years.
The bigger circuits already had marked considerable progress before the economic troubles set in. But digital screen counts can be confusing, as estimates by any three industryites are likely to yield at least four numbers.
Consensus estimates put movie-quality installations at roughly 13,000-14,000 screens globally, with 6,500-7,000 auditoriums boasting 3D capability.
In the meantime, with the industry's conversion to digital and 3D projection going so slowly, Technicolor recently came forward with a stopgap proposal: The film lab is pushing a newly developed format for film-based 3D projection. Continued...
View article on single page
Share:
Del.icio.us
Digg
Mixx
Yahoo!
Facebook
LinkedIn
Next Article:
Questions surround ex-AMD CEO's alleged Galleon link
Also On Reuters
Exclusive: Obama's pay czar looking ahead to 2010
Slideshow
Slideshow: Life in America 80 years ago
Unsafe sex, alcohol, fat among world's big killers
More Technology News
Disney launching iPhone, iPod touch applications
Facebook challenges financial regulators: FINRA
Google Voice lets users keep phone number
Mobile web usage surge raises hopes of gear demand
Chavez blames medical equipment problems on Philips
More Technology News...
Editor's Choice
Slideshow
A selection of our best photos from the past 24 hours. Slideshow
Most Popular on Reuters
Articles
Video
U.S. foreclosures spike in new regions in 3rd qtr
Hulk Hogan returning to pro wrestling
Four U.N. staff killed in Kabul; blasts rock hotel | Video
Michael Jackson set to rule U.S. pop chart
U.S. may end up discarding unused H1N1 vaccine
SEC and Homeland Security need Web backup, GAO says
U.S. consumer confidence up for first time since 2007
Andre Agassi admits in memoir to using crystal meth
Former Letterman writer cries foul over sexcapades
U.S. home price gains may not be sustainable: Shiller | Video
Most Popular Articles RSS Feed
Video
Obama touts 'smart grid' project
Video of detained U.S. hikers
Mexico welcomes "pink" taxis
Jackson fans gather around the world
Russians flock to see 'miracle' baby
Talk of the Town
US-China: the ties that bind
Obama won't "rush" on troops
Artist draws Manhattan from memory
French Scientology guilty of fraud
Most Popular Videos RSS Feed
Reuters.com:
Help and Contact Us |
Advertise With Us |
Mobile |
Newsletters |
RSS |
Labs |
Journalism Handbook |
Archive |
Site Index |
Video Index
Thomson Reuters Corporate:
Copyright |
Disclaimer |
Privacy |
Professional Products |
Professional Products Support |
About Thomson Reuters |
Careers
International Editions:
Africa |
Arabic |
Argentina |
Brazil |
Canada |
China |
France |
Germany |
India |
Italy |
Japan |
Latin America |
Mexico |
Russia |
Spain |
United Kingdom |
United States
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.