I missed the Oscars, since I was still returning from Vancouver, but it’s interesting that they were trying to sell the big screen experience. Certainly as Matt points out, DVD has kept the industry afloat (in fact theatrical screenings are mere promo for the DVD IMO), but Hollywood’s self-definition is clearly reliant on the big screen experience, which is now being threatened.

Of course, what makes this all the more interesting is that what we are witnessing is also the possibility that so many small screens will allow other kinds of (non-Hollywood) projects to emerge.