Studios agree to $700-million deal paving way for 3-D screens

Hollywood took a big step today toward offering more movies in 3-D, announcing deals to convert as many as 10,000 more theater screens for the digital technology needed to accommodate the resurgent, eye-popping format.

Access Integrated Technologies Inc. said it had reached agreements with four studios -- Disney, News Corp.'s 20th Century Fox, Viacom Inc.'s Paramount, and Universal Pictures, which is owned by General Electric Co.'s NBC Universal -- to finance and equip the screens in the U.S. and Canada during the next three years.

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