Wednesday, January 30, 2013

Mandates and the Movies – Who Pays for Overregulation?

by Charles Gruenwald
Out of all of the news stories that have been coming out of Hollywood within the last few months, the one story that will affect everyone who watches movies in theaters – as well as drive-ins, is the story that appears to be receiving little attention. This story also highlights the dangers of picking other winners and losers in the business world.  Starting in 2013, movies are no longer shown on film projectors – the new movie projection format is digital.  Yes, past changes within the entertainment business have usually come with their own unique baggage. For example, the transition from vinyl albums to compact discs resulted in record stores having to increase the investment in their inventory in order to appear well-stocked, since CDs are much smaller than records.
However, the transition from film to digital will require the owners of theaters and drive-ins to install new equipment – new, expensive equipment such as projectors, screens, and in the case of drive-ins, new projection booths that are closer to the screens. Based on quotes from theater owners, the typical cost for making these modifications to small theaters and drive-ins is approximately $100,000 to $150,000; these numbers vary according to the number of screens……. Unfortunately, about thirty drive-ins have announced that they had shown their final film in 2012….To Read More…. 

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