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August 20, 2008

Theaters, Hollywood Studio's Close To $1 Billion 3D Deal

kids-in-seats.jpgAccording to Bloomberg, the Digital Cinema Integration Partners and Hollywood studios' are close to a huge $1 billion deal that would see 14, 000 theater screens owned by Regal Entertainment Group, AMC Entertainment Holdings Inc., and Cinemark Holdings Inc., equipped with 3D display technology. Agreements with all of Hollywood's major studios should be reached in a "relatively short period of time", and those close to the deal say the plan is to recoup the funding through higher ticket prices for 3D shows. All 14, 000 screens in question are located in the United States and Canada, so we can look forward to a life-like theater experience in the near future by the looks of it.

Via Bloomberg

Read More in: General News

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Posted by Justin Davey at August 20, 2008 5:04 AM

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