Connect with us

Hi, what are you looking for?

New Products

5,000 Digital 3-D Movie Theatres Expected by 2009

L.A. Times Reporting 5,000 Digital 3-D Theatres Expected to Be Online by Mid ’09 Plays Right into Stereo Vision’s Hand

STEREO VISION ENTERTAINMENT INC. (OTCBB:SVSN) is happy to report that according to the April 20th L.A. Times article by Lorenza Munoz, by the summer of ’09, they expect there to be 5,000 digital 3-D theatres available for the exhibition of polarized 3-D movies. That’s up from the 800 digital 3-D theatres currently available. Dreamworks Animation and Disney are already vying for the same opening day in 2009 for their polarized 3-D premiers. StereoVision’s head of productions Baywatch co-creator Doug Schwartz and his StereoVision team, have dedicated much of the last several years to the development of StereoVision’s slate of low cost, high production value, live action 3-D movies. This report makes it appear that it was time well spent.

StereoVision’s Chief Executive Officer Jack Honour commented: “It’s very gratifying to see companies like Disney (NYSE:DIS) and Dreamworks Animation (NYSE:DWA) so solidly in line with what we’ve been pitching for some time now. With Imax’s (NASDAQ:IMAX) 3-D version of Superman doing twenty million dollars in 75 theatres in thirty days, the earning potential of a 3-D release in 5000 theatres is extraordinary.

One of the most exciting elements of this exponentially growing digital 3-D theatre network is the ability to reach so many theatres, for so little money. In the past the distributors, who have to pay the P&A (prints and advertising) costs, had to pay approximately two thousand dollars per theatre, just for the movie print. So a 5,000 theatre release would cost them ten million dollars just for the prints. Additionally, there was the long term cost of the shipping and storing of the prints. With these 5,000 + digital theatres now coming on line, the content can be transferred electronically. This allows the distributors to risk far less money, and apply a much higher percentage of their per picture expenditures to the movie’s advertising budget. Advertising of course, is what best drives ticket sales.

It looks like there’s going to be a rapidly expanding demand for polarized 3-D content and it’s our aim to be a leading supplier of that content.”

About StereoVision:
Located in Van Nuys, California, StereoVision Entertainment is a publicly traded, vertically integrated media company, with interests in film, television, and music production properties. StereoVision’s business is driven by the production and acquisition of cutting-edge entertainment media assets.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest Products

Audioengine A2+ Next Gen Anniversary Edition in Matte Orange Wireless Desktop Speakers Lifestyle

New Products

Limited to 250 pairs in matte orange, Audioengine A2+ Next Gen wireless speakers offer bold color, stellar desktop design, powerful tech, and great value....

Monitor Audio Bronze 7G Loudspeakers White Monitor Audio Bronze 7G Loudspeakers White

Floorstanding Speakers

Five Monitor Audio Bronze Series 7G loudspeakers bring upgraded drivers, sleek design, and Dolby Atmos support at wallet-friendly prices.

Ikarao Smart Karaoke Speakers Group Ikarao Smart Karaoke Speakers Group

New Products

Ikarao's Shell S1, Break X1, and Break X2 combine wireless and wired music streaming with touchscreens, light effects, and karaoke features for the ultimate...

Musical Fidelity B1xi Integrated Amplifier Front Left Angle Musical Fidelity B1xi Integrated Amplifier Front Left Angle

Integrated Amps & Stereo Receivers

Musical Fidelity’s new B1xi integrated amp ditches streaming for pure Class A/B power, a quality phono stage, and hi-res digital inputs for $879.

AudioQuest Brave Heart Speaker Cable AudioQuest Brave Heart Speaker Cable

Audio Cables

ZERO-Tech speaker cables capable of advanced noise reduction and precise timing for high-end audio systems deserving of geekery loud on specs, quiet on sense.

Ortofon MC X10, X20, X30, X40 Phono Cartridges Ortofon MC X10, X20, X30, X40 Phono Cartridges

New Products

Ortofon’s new MC X Series cartridges bring high-end quad-coil tech and precision tracking to challenge Hana, Dynavector, and Goldring at every price point.

Gift Ideas?

Amazon Prime Day is July 8-11, 2025

Daily Deals

Amazon Prime Day is a four-day shopping event from July 8-11, 2025 offering the biggest discounts of the year on consumer electronics.

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers