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.