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






Festivals on TOH



Thompson on Hollywood

Born and raised in Manhattan, Anne Thompson grew up going to the Thalia and The New Yorker and wound up at grad Cinema Studies at NYU. She worked at United Artists and Film Comment before heading west as that magazine's west coast editor. She wrote for the LA Weekly, Sight and Sound, Empire, The New York Times and Entertainment Weekly before serving as West Coast Editor of Premiere. She wrote for The Washington Post, The London Observer, Wired, More, and Vanity Fair, and did staff stints at The Hollywood Reporter and Variety. She eventually took her blog Thompson on Hollywood to Indiewire. She taught film criticism at USC Critical Studies, and continues to host the fall semester of “Sneak Previews” for UCLA Extension.