Variety is reporting that Technicolor will close its North Hollywood release printing plant and consolidate operations at its plant near Montreal, Quebec. Currently, almost all prints handled by IMAX and DKP, including IMAX distributed documentaries, DMR films, and films from third party distributors, such as MacGillivray Freeman Films are printed at the North Hollywood facility. A number of questions now arise, such as:
- Will printing of films handled by DKP be sent to Canada, where they are no longer in close proximity to IMAX’s Santa Monica offices?
- Will DKP switch printing to Technicolor competitor Fotokem, a deal that could be worth millions of dollars?
- Will the fact prints are being manufactured in Canada cause excessive delays in shipping due to customs issues?
- Will IMAX use this as a tactic to encourage film-based exhibitors to switch to digital projection?
We will update on this matter as it continues to evolve.