The Film Biz Goes Filmless

(Business 2.0) – Distributing movies digitally could save Hollywood nearly $1 billion a year. Theater owners love the idea too, since it would let them quickly shift their offerings to meet demand. But so far, neither side has wanted to pay the $3 billion needed to outfit all 36,000 U.S. theaters with digital projectors. The stalemate could end by mid-July, when the first of several financing plans—including one backed by Disney, Sony, and Warner Bros.—is expected to be unveiled. In the most likely scenario, theaters would foot the bill for installation and maintenance; the studios would agree to release all their movies digitally and cover print fees of $200 to $300 per film.