Potentially 35,000 screens to digitize in Europe
BRUSSELS -- Sony Pictures and Universal have signed deals with Europe's leading digital cinema service company, XDC, to roll out 8,000 digital cinema installations in 22 European countries.
They join Warner Bros., Paramount, 20th Century Fox and Walt Disney Studios, who are already involved with Belgium-based XDC.
XDC says that there are a potential 35,000 screens to digitize across Europe.
"The next steps are the negotiation of similar agreements with European movie distributors, the sale of this co-financing proposal to cinema exhibitors, and both equity- and debt-raising to fund the digital rollout phase," XDC CEO Serge Plasch said.
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