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5 studios team up for digital cinema deals

To compliment the piece I wrote last night on conceptual entrepreneurship, I came across this article on digital movie distribution. Here is an excerpt

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DCIP pacts cover most costs of 14,000 systems
By Carl DiOrio

Five film studios have formally announced their signing of agreements with the nation’s top theater chains to fund the rollout of thousands of digital projection systems.

Studio consortium Digital Cinema Implementation Partners on Wednesday announced the funding pacts with Fox, Disney, Paramount, Universal and Lionsgate. The agreements with Regal Cinemas, AMC and Cinemark will cover the majority of costs on the rollout of a minimum of 14,000 digital systems in the U.S. and Canada during a three-year period beginning in the first quarter.

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