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Thomson's Technicolor to Install Digital Gear in Century Theatres

January 04, 2006|From Bloomberg News

Thomson's Technicolor unit said Tuesday that it agreed to install digital projection systems for Century Theatres Inc. as part of its plan to digitally distribute movies to U.S. and Canadian screens.

Technicolor will install digital projectors in 90 to 120 of Century Theatres' screens in the first quarter, the company said.

After the test phase, Thomson said it planned to install digital equipment for more than 1,000 of the cinema operator's screens.

Thomson said in November that it aimed to convert at least 15,000 cinema screens in the U.S. and Canada to digital in the next 10 years. The Boulogne-Billancourt, France-based company has signed up movie studios including Universal Pictures, Warner Bros. and Sony Pictures for the project.

Thomson didn't say how the rollout would be financed. A digital cinema system costs about $90,000 to $100,000 per screen, according to Thomson.

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