Movie theaters just aren’t adding digital and 3D screens fast enough, says DreamWorks animation chief Jeffrey Katzenberg, a big believer in the technology. DreamWorks has pledged to make all future releases available in 3D, at a cost of $15 million per film. But theater chains haven’t matched his enthusiasm. “Things have dragged along, and it’s been pretty disappointing,” he said.
Katzenberg spoke on a quarterly conference call, explaining to investors that he still thought he’d get a good return on the investment, but not as much as hoped. Out of the 37,000 movie screens in the US, just 4,000 are digitally equipped, and only 1,000 of those are 3D capable. He says theater chains will have to “get their act together very quickly.”