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Thursday, Dec 1, 2022
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Hollywood studios agree to $700-million deal paving way for 3-D screens

Hollywood took a big step today toward offering more movies in 3-D, announcing deals to convert as many as 10,000 more theater screens for the digital technology needed to accommodate the resurgent, eye-popping format. Access Integrated Technologies Inc. said it had reached agreements with four studios — Disney, News Corp.’s 20th Century Fox, Viacom Inc.’s Paramount, and Universal Pictures, which is owned by General Electric Co.’s NBC Universal — to finance and equip the screens in the U.S. and Canada during the next three years. The conversion will cost as much as $700 million, said Bud Mayo, chief executive of Access Integrated Technologies, which completed a first tranche of 3,700 digital conversions in October. For the full story visit http://www.latimes.com/business/la-fi-3d12mar12,1,3985997.story

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