We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
Sponsor Generated Content
Both independent theaters are dealing with Hollywood’s switch to an all-digital platform, which will render 35-mm projectors obsolete within six months.
Over the summer, the Lyric used Kickstarter.com to raise $150,000 for a digital projector. On Oct. 19, the Kress Theater in Greeley launched its own Kickstarter campaign, hoping to raise $80,000 for the same purpose.
As of Nov. 8, the campaign had raised $62,148. The fundraiser will last until Nov. 19. If the full $80,000 is not raised in that amount of time, all the money donated will be returned to the donors.
The Kress is also hosting fundraisers, the proceeds from which go to the Kickstarter campaign. The next fundraiser will be Nov. 18 at the Kress Theater auditorium, located at 817 8th Ave.
The Kress’s Kickstarter campaign can be found here.