DCI Closes Shop

After 3.5 years, $8.4 million and the creation of a technical spec the six big studios hope will drive future growth of the film bizbiz, Digital Cinema Initiatives is closing now, reports Variety….joint venture founded by the six majors and MGM shut its doors Friday.

The studios have decided to sell DCI’s assets and lay off remaining employees…DCI lives on as a legal entity only, with a pair of studios handling administrative and technical oversight for d-cinema on behalf of film biz in rotating one-year terms. Disney and Fox are the first to take on that task.

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