Click to Skip Ad
Closing in...

JP Morgan Raises Financing for Digital Theaters

Photo of Anne Thompson By Anne Thompson | Thompson on Hollywood February 6, 2010 at 2:03AM

JP Morgan has raised some $700 million to finance the digital conversion of thousands of screens around the country, reports the LAT. This will boost 3-D exhibition on some 12,000 screens around the country, which everyone wants, post-Avatar, which has broken worldwide records thanks to 3-D premium ticket prices. Studios are fighting over about 3500 current 3-D screens. The funding was delayed by the credit crisis.
3
Thompson on Hollywood

JP Morgan has raised some $700 million to finance the digital conversion of thousands of screens around the country, reports the LAT. This will boost 3-D exhibition on some 12,000 screens around the country, which everyone wants, post-Avatar, which has broken worldwide records thanks to 3-D premium ticket prices. Studios are fighting over about 3500 current 3-D screens. The funding was delayed by the credit crisis.

This article is related to: Franchises, Digital Future, Exhibition, Avatar


E-Mail Updates