Film-Tech Forum ARCHIVE: Technicolor To Push Digital Cinema

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Posted by William Valdes (Member # 2690) on 11-12-2005, 02:20 AM:

Hey Everyone, I just pulled this article from IMDB.
Thought you would all find it interesting.

Technicolor To Push Digital Cinema
Technicolor is expected to announce today (Thursday) that it will match Christie Digital Systems' plan to move digital projectors into the nation's theaters. Under the plan Technicolor would install its projectors into theaters, then charge the studios what they would ordinarily have to pay for a film print (a "virtual print fee") until the projectors are paid off. Technicolor reportedly plans to announce that it has reached nonexclusive agreements with four major studios, including DreamWorks, Sony, Universal, and Warner Bros. Technicolor's parent, France's Thomson, said in a statement that in addition to digital projection systems, the company intends to pursue other opportunities in "post-production services, network services, including distribution, and the supply of equipment." Thomson Chairman and CEO Frank Dangeard said, "Having worked for several years with Hollywood to craft the right launch for digital cinema at the right time, we are also uniquely positioned to support the movie industry in other parts of the world in achieving this shift." News of the deal pushed Thomson's stock up 1 percent on the Paris Bourse. Jean-Michel Salvador, an analyst at Fideuram Wargny, told Dow Jones News Service: "This shows that things are moving along well between Thomson and movie studios."

Posted by Daryl C. W. O'Shea (Member # 1303) on 11-12-2005, 02:37 AM:

Old news! Ok, not quite.