May 7, 2008
IMAX has centralized a larger portion of its ownership with this new deal.
IMAX Corp. has announced that the Douglas family, its largest shareholder, is adding to its stake by buying 2.7 million shares for $18 million in a private placement. As a result of the move, the Douglas family now owns 19.9 percent of the company.
In addition, IMAX also said Wachovia Capital Finance Corp. has agreed to expand and ease the terms of its credit facility.
These transactions will help fund the roll-out of the IMAX digital projection system.
Full press release at: Digital Cinema Info
March 12, 2008
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.
March 7, 2008
NATO released specifications for digital theaters that will hopefully smooth things out and give exhibitors an extra level of confidence in the product.
The National Assn. of Theater Owners has issued more guidelines for vendors and manufacturers in the digital cinema supply line to follow, saying the additional guidelines will ease the growing pains facing exhibitors as they begin to operate digital screens.
NATO released its first Digital Cinema System Req-uirements report two years ago. An updated report released Tuesday tweaked and expanded those suggested requirements.
For the full story, go to Variety.
January 16, 2008
Movie theaters nationwide are going digital in film projection.
By the end of 2005, there were fewer than 200 auditoriums equipped with digital-projection equipment in the United States. At the end of 2007, there were about 2,500, and by the end of this year, there’ll be at least double that number.
Among the leaders has been UltraStar Cinemas, the 102-screen San Diego County-based theater chain whose mantra is ‘'pure digital cinema.’‘ It operates seven local multiplexes and others in Riverside, San Bernardino and Imperial counties.
Read the full article in the Union-Tribune.
December 10, 2007
Thomson has agreed to install digital projectors in a number of major theater chains around the world. This includes Clearview Cinemas here in NJ, although this story is not as big as the IMAX/AMC deal.
Thomson intends to complete the first phase rollout of digital projection systems in up to 5,000 screens over the next three to four years, with 15,000 screens in the United States and Canada over the next 10 years.
All hardware and software placed in each site will conform to industry-standard specifications published by Digital Cinema Initiatives LLC (DCI). Furthermore, the Technicolor Digital Cinema plan is technology agnostic, enabling both exhibitors and studios to benefit from the best available technology, including both 2K and 4K projection.
Read the full story in Business Wire.
November 21, 2007
Digital 3-D = *
Imax 3-D = **
Auburn: Carmike Wynnsong 16
Birmingham: Carmike Summit 16
Birmingham: Rave Lee Branch 15
Cullman: Carmike 10
Daphne: Rave Jubilee Square 12
Decatur: Carmike 8
Florence: Carmike Regency Square 12
Homewood: Carmike Wynnsong 12
Hoover: Rave Patton Creek 15
Huntsville: Carmike 10
Huntsville: Rave Valley Bend 18
Mobile: Carmike 14
Mobile: Carmike Wynnsong 16
Montgomery: Carmike Eastdale 8
Montgomery: Carmike Wynnsong 10
Montgomery: Rave Festival Plaza 16
Orange Beach: Rave Wharf 15 *
Vestavia Hills: Rave Vestavia Hills 10 *
August 22, 2007
The looming takeover by digital cinema projection recently took another leap toward fruition. The Arts Alliance Media, a United Kingdom based provider of digital cinema technology, announced a deal involving aggressive mutual interest cooperation with Universal Pictures and Twentieth Century Fox.
The three companies will combine forces to facilitate digitizing nearly 7000 european cinemas in only a few years. The countries involved include: Austria, France, Germany, Ireland, Italy, Spain, Switzerland, and the United Kingdom. For additional information checkoutArts Alliance Media.
May 25, 2007
According to Buena Vista, as reported in the trades, “Pirates Of The Caribbean: At World’s End” is the first movie to be shown domestically in the Digital Cinema format on 1,000 screens, suggesting continued growth of D-Cinema installations and industry commitment to a digital future.
Here’s a list of (most of) the D-Cinema locations for “Pirates” (minus the screen counts) courtesy of www.FromScriptToDVD.com
April 27, 2007
A new digital projector could persuade theater operators to switch over due to the large gap in clarity.
Sony is rolling out a new digital cinema projector that can display theatrical movies at a resolution four times clearer than High-Definition TV.
For more, go to TV Predictions.
March 30, 2007
On March 30, Disney will be releasing their latest animated movie, “Meet The Robinsons,” in more than 500 U.S. & Canadian theatres equipped for 3-D Digital Cinema presentation. (The movie is also being released in 2-D Digital Cinema and, of course, 35mm.)
D-Cinema systems (with 3-D capability) have been installed in hundreds of theaters over the last few weeks allowing “Meet The Robinsons” to be seen in over four times the number of venues as did Disney’s previous 3-D release, last fall’s re-issue of “The Nightmare Before Christmas.”
Here is a link to FromScriptToDVD.com’s list of theatres that will be showing “Meet The Robinsons” in digital 3-D.