Hollywood's major film studios are expected to announce on Wednesday that they have agreed to new technical standards that will make it easier for movie theaters to show digitally produced movies,
according to two studio executives apprised of the announcement. For years Hollywood has discussed how to create and distribute digital films with little success, in part because the parties could not
agree on a standard technology for projectors or on who would pay to replace the equipment. Movie theater owners did not want to foot the bill, fearing the $100,000 projectors would become obsolete
without a consensus about the standards.
Read the whole story at The New York Times, July 27, 2005 »