(PRWEB) April 1, 2005
DigiWorld Studios is set to install 3,000 screens in the U.S. by December 2005. DigiWorld Studios senior team of veteran Wallstreet and retired military executives have been responsible for some of the largest projects in the U.S. With over 120 theatre chains participating in the first phase, the project will eventually entail converting almost 37,000 screens in the U.S.
Both Doug Darrow, Business Manager DLP Products for Texas Instruments and Andrew Stucker, General Manager Digital Production Systems for Sony Electronics have stated that they would be able to deliver the initial 3,000 Digital Projectors by December 2005.
Daniel Glickman, President and CEO of the MPAA and Daniel Armas, CEO of DigiWorld Studios discussed the project at length during Showest 2005.
DigiWorld Studios welcomes the MPAAÂs recent offer to fund the entire conversion. What will make the MPAAÂs investment in the project viable says Armas, is that the business model we have created is profitable and can maintain and upgrade the entire conversion without incurring future costs to the studios or the theatre owners.