Digital Movies Slash Costs.

Position:Brief Article - Statistical Data Included

Digital technology made its debut at the Cannes Film Festival. The technology is expected to replace film reels with satellites that would directly beam films into theaters, making it possible for one film to be simultaneously transmitted to thousands of cinemas worldwide.

The switch to digital would mean long-term savings for the studios. It is estimated that Hollywood spends over $625 million annually on reproducing and shipping "celluloid" prints around the world. With digital technology, the costs could be cut to an approximated $12 million per year, so long as cinemas were digital friendly.

The cost of...

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