Negative pick-ups are are exclusively financial in nature and not dependant upon a studio. In short, if you have the money you can outbid everyone else and buy a new finished movie from its producer. That purchase is all the more viable if you have a superior way to distribute it. All the real estate you need is an office. All the exhibition you need can be created with an electronic franchise exhibition system.
Electronic cinema is the finest demonstration candidate for HDTV to the consumer public.
The business of electronic cinema is sure to be as global as is the appeal for Hollywood movies. Protection and copyright security is easier in the electronic domain than with film. From that first market the industry has the power to influence the consumer markets. For this to be so the industry needs full coordination so as to neither jump the gun nor be too late.