offers new crowdfunding site for movie theater digital conversion

Time is ticking on local theaters required to convert to digital projectors, and niche crowdfunding site offers specialty solution to save community theaters.

Apr 24, 2013, 10:44 ET from

HANCOCK, N.H., April 24, 2013 /PRNewswire/ -- By the end 2013, Hollywood film studios will stop distributing movies on 35-millimeter film and convert entirely to digital. This conversion will save billions for studios, which no longer need to deliver cumbersome film, but leaves small town theaters in the lurch.

"The problem," said spokesperson Scott Wilson, "is that over 3,000 cinemas across the United States are in real danger of closing. They simply don't have the extra $50,000-$80,000 per theater needed to make the conversion."

Michael Hurley, owner of the Colonial Theater in Belfast, Maine estimates that 20% of all theaters in North America could be lost. believes this loss is unacceptable, said Wilson. "We are harnessing our social media Circlefunding(SM)  technology to make sure community theaters are here to stay."

Community theaters are fundamentally important to the health and wellbeing of communities. Often these theaters have been around for generations and are part of the fabric of the town. They provide history, a meeting place, and employment, said Wilson. has fundraising project ideas, web assistance, promotional suggestions and utilizes next generation fundraising technology - Circlefunding - to assist small town theaters.

Unlike many other Crowdfunding sites, which promote a variety of projects, focuses entirely on community theaters.