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Friday, October 24, 2008

Credit Crunch Will Slow D Cinema Roll-Out

You had to know this was coming:

    ...Regal Entertainment Group CEO Mike Campbell said Thursday a $1 billion industry digital upgrade [to digital cinema] could be delayed.

    "We believe, and JP Morgan believes, that it will get financed once the market returns to something that is reasonably normal," Campbell said. "We're going to continue to put together the pieces behind the scenes to be in a position to react."

Regal, of course, is the country's biggest theater chain, and part of the Digital Cinema Implementation Partners joint initiative with several other big chains.

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