So reports the New York Times:

For years Hollywood has discussed how to create and distribute digital films with little success, in part because the parties could not agree on a standard technology for projectors or on who would pay to replace the equipment. Movie theater owners did not want to foot the bill, fearing the $100,000 projectors would become obsolete without a consensus about the standards. The movie industry, for its part, has resisted paying to replace projectors because studios do not own the theaters.

RELATED: My musings on the current state of digital projectors.