Kelowna Campus
Landmark Technology Centre 3
Suite 100 - 1632 Dickson Ave
Kelowna, BC, V1Y 7T2
Ph: 250-860-2787
Toll free: 1-866-860-2787
Fredericton Campus
130 Carleton Street
Fredericton, NB, E3B 3T4
Ph: 506-460-1280
Toll free: 1-877-369-1888
Halifax Campus
1577 Barrington Street
Halifax, NS, B3J 1Z7
Ph: 902-429-1847
Toll free: 1-866-429-1847
LOS ANGELES, Oct. 2 (Xinhua) -- In an effort to realize the business potentials of digital cinema, Disney and other Hollywood studios have agreed to join hands with exhibitors in a project to digitalize movie theaters in the United States and Canada. Digital Cinema Implementation Partners, a consortium that includes major theater chains Regal, AMC and Cinemark, announced the investment deal, which will install digital projectors and other needed equipment at 20,000 theaters in the two countries from early next year.
The project, with an initial investment of 525 million U.S. dollars, could eventually grow to more than 1 billion dollars, the Los Angeles Business Journal reported on its website Thursday. Under the deal, Hollywood studios will pay about 1,000 dollars per movie per screen at these digitalized theaters, to help offset the consortium's upgrading costs. Read the full story by clicking <here>
Digital display systems are expected to lower studio costs to make celluloid film copies and enable theaters to charge moviegoers more for tickets to digital 3-D movies, entertainment industry observers said.
