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NY offers loan funding for theaters to go digital
ALBANY (AP) -- New York state is offering $400,000 in loans to help some small theaters trade in their film projectors for digital models.
Gov. Andrew Cuomo's administration said Thursday the funding for the North Country Regional Economic Development Council is available to theaters in northern New York. The council in June approved the reassignment of 2012 funds to the "Go Digital or Go Dark" campaign initiated by the Adirondack North Country Association and the Adirondack Film Society.
Hollywood has undertaken an industry-wide conversion from 35mm film to digital projection and soon won't distribute movies on film. That's left independent and small historic theaters faced with the choice either to spend $70,000 to $80,000 a screen to convert to digital or go out of business.