Digital cinema companies AccessIT and Christie Digital Systems have set up a venture to fund the rollout of digital projectors in the nation’s theaters.
Studio and exhibitor partners have not yet been secured, and more funding will be required.
AccessIT has set up subsid Christie/AIX to administer the plan, which calls for 200 digital cinema systems utilizing AccessIT servers and Christie projectors to be rolled out by the end of this year.
Company claims to be working out deal points with several studios and an exhib for “virtual print” fees and equipment rental costs of the new cinema systems.
If those deals are sealed, Christie/AIX will look for outside funding it can use to roll out digital projectors for 2,500 screens in the next two years.
If it continues beyond this year’s deployment, Christie/AIX is set up to work with other vendors besides Christie for hardware, though it will exclusively deploy AccessIT server software, giving the company a big leg up in the market if it can draw partners and investors.
AccessIT bought the digital cinema assets of former competitor Boeing last year.
Numerous digital cinema companies have been working with studios, exhibs and financiers in hopes of setting up a system to fund the deployment of digital projectors, preferably with themselves as favored vendors.