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LAT: Theater Owners Eyeing Investors for Digital Cinema

LAT: Theater Owners Eyeing Investors for Digital Cinema

The Los Angeles Times reports that movie theater chains AMC, Cinemark and Regal are seeing investors to fund the conversaion of outfitting some 13,000 movie screens with digital projectors. “Furthering a march toward digital cinema, three of the nation’s biggest movie theater chains aim to raise as much as $1 billion to convert about one-third of all U.S. theater screens from film to electronic projection,” the Times said in a story Friday. The outfits have formed a joint venture, dubbed National CineMedia and hired JPMorgan Chase & Co to embark on the initiative.

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