IMAX brings forward digital projection system into mid-2008
IMAX Corp. has moved up the launch date of its digital projection system to the second quarter of 2008. IMAX originally expected to have the system ready by the end of next year or in 2009. Digital projection is particularly important for IMAX and those who distribute and exhibit IMAX films because of the expense of the 15/70mm prints. Each print costs in the region of $25,000; IMAX 3D films require two prints. The savings are expected to increase volume and programming flexibility.