DCIP

Five Studios Pledge Support for Digital Cinema Upgrades

Authored by Mark Hefflinger on October 1, 2008 - 11:35am.

Los Angeles - Five of Hollywood's major movie studios on Wednesday pledged to support a $1 billion effort to equip 20,000 U.S. movie theater screens with digital cinema projection systems. Digital Cinema Implementation Partners (DCIP), a joint venture that represents theater owners AMC Entertainment, Cinemark and Regal Cinemas signed the pact with Disney (NYSE: DIS), Fox (NYSE: NWS), Lionsgate, Paramount (NYSE: VIA) and Universal (NYSE: GE), which calls for the studios to pay a "virtual print" fee of about $1,000 per screen to help offset costs, the Associated Press reported.

Report: Universal to Help Finance Digital Cinema Deployment

Authored by Mark Hefflinger on September 8, 2008 - 1:24pm.

Los Angeles - GE's (NYSE: GE) Universal Pictures will join News Corp.'s 20th Century Fox and Viacom's Paramount Pictures in helping to finance the deployment of digital cinema projection systems in movie theaters, The Wall Street Journal reported. The deal with Digital Cinema Implementation Partners (DCIP) -- whose Regal Entertainment, Cinemark and AMC operate a combined 14,000 screens -- is expected to be announced this week, people close to the situation told The Journal.

tags: Digital Cinema | Movies | DCIP | Unviersal Pictures |

Studios, Theater Owners Team on Digital Cinema Delivery System

Authored by Mark Hefflinger on March 6, 2007 - 12:39pm.

Burbank, Calif. - Hollywood movie studios Warner Bros. and Universal Pictures announced on Tuesday that they have partnered with a number of theater owners on a joint venture that will deploy a digital cinema delivery system.