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Paramount, Universal, 20th Century Fox and the Walt Disney Company to Help Fund Theaters Transition to 3D

Four major Hollywood studios are offering to kick in between $800 to $1,000 per film, per theater over the next 10 years to help fund the transition to digital projection, estimated to be around $75,000 for each movie house, according to the New York Times. For the complete article, click here.

As everyone on this site already knows, digital projection is a requirement for the current generation of 3D films.

Also, below the fold Paramount revealed that the new Indiana Jones and the Kingdom of the Crystal Skull movie would be released digitally to theaters with installed digital projection systems. This is news because director Steven Spielberg has always maintained that he wanted his films released solely in film, rather than digital format.

The fourth installment in the franchise was shot on film and George Lucas said that it looked "like it was shot 3 years after the Last Crusade, you'd never know there was 20 years between shooting."

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