3-D will be the new wave of the future, so says a new industry report. According to The Hollywood Reporter, the 3-D market could be worth up to $25 billion by the year 2012. Analysts from the firm Piper Jaffray claim that theaters will benefit first from this large growth.
"We expect the theatrical entertainment window will be the first to benefit from this technology," Piper Jaffray media and entertainment analyst James Marsh and online content analyst Michael Olsen said in their new 3-D White Paper. "We expect the technology will become more widespread over time, moving from theaters to high-end home theater solutions and eventually to the average living room."
The analysts predicted that the 3-D market will be worth $5.5 billion in 2009, with year-over-year gains of as much as 12% for 2010 and 2011. Marsh, in a conference call, predicted that, "3-D will be the new HD," with the technology branching out to TV sets, video games and more.