Plan for Regal, AMC, Cinemark to go all digital
Three exhibitor chains are negotiating a financing plan to go all digital.
Several theater chains and studios are nearing an estimated $1.1 billion financing deal to deploy in cinemas digital technology that promises to boost attendance and save Hollywood billions of dollars in annual print and delivery costs, industry officials said on Sunday.
“We’re hopeful that in the second quarter we will get it all arranged,” said Travis Reid, chief executive of Digital Cinema Implementation Partners. DCIP is wholly owned by theater chains Regal Entertainment Group, Cinemark Holdings Inc and AMC Entertainment Inc, which collectively operate over 14,000 screens.
Read more at Yahoo News.