Recession blurs outlook for 3-D movie expansion
By Alex Dobuzinskis
LOS ANGELES (Reuters) - Hollywood is turning to 3-D movies more than at any time since the 1950s to boost ticket sales, but the recession has created a distribution logjam that has blurred the current box office outlook for 3-D.
This Friday, Walt Disney Co will release its new "Jonas Brothers: The 3D Concert Experience" in theatres equipped for 3-D. But that means Focus Features' "Coraline," which has been a 3-D hit, must cut its 3-D presence to some 300 screens, probably before it has played to all potential fans.
"It's a statement about how the industry is just so behind an opportunity to make more money, at a time that we've been told constantly the economy is bad. It's ridiculous," said Jack Foley, president of distribution for Focus, a division of General Electric Co's NBC Universal media wing.