Major studios launch future of digital cinema

Technicolor Digital Cinema announcement of its long-awaited deployment plan for digital cinema will seismically altered the film distribution landscape.

The venture intends to deploy up to 5,000 DCI-compliant screens during the next three to four years. Over 10 years, Technicolor plans to take the system to a total of 15,000 screens, according to The Hollywood Reporter.

Four studios are on board and three more are in final negotiations to distribute content digitally and pay a virtual print fee for each screen equipped with the DCI-compliant digital cinema system, according to The Hollywood Reporter.

Under separate, long-term agreements, DreamWorks, Sony Pictures, Universal Studios and Warner Bros. Entertainment have signed as distributors.

In addition, 20th Century Fox, New Line Cinema and the Weinstein Co. are in final negotiations.