Third Party May Subsidize Exhibitors
Reporter: Warners, Sony, Disney
Explore D-Biz Plans
Three of Hollywood’s biggest motion picture distributors – Sony,
Buena Vista and Warner Bros. – have teamed to explore
a digital-cinema jumpstart that could save the studios billions
of dollars in print and shipping expenses and transform the
exhibition industry, according to a story in the Nov. 1 edition
of The Hollywood Reporter trade daily.
Offer letters from the three studios went out to a number
of financial institutions, according to the article, including
JPMorgan. One unnamed source told the paper the companies
contacted were asked to submit bids by Nov. 5.
The three studios are reportedly seeking a financial
entity that would subsidize the purchases of d-projectors
cinemas. The studios would then pay the financier for the
to utilize the projectors.
In spring 2002, all three studios also founded (along
with Fox, MGM, Paramount and Universal) Digital Cinema
which itself was charged with exploring d-cinema business
plans – though DCI stopped pursuing that exploration