No sooner had this blog observed that film’s death watch was leveling off than the Los Angeles Times delivered a bombshell: Paramount Pictures was the first of the big studios to drop 35mm, with Anchorman 2: The Legend Continues being its last title released on film. Henceforth, all Paramount titles would be DCP only, beginning with The Wolf of Wall Street. (How ironic that, in one of Wolf’s best scenes, Leonardo DiCaprio teaches his charges how to scam small-time investors by selling them shares of Kodak before moving on to worthless penny stocks.)
Richard Verrier’s Times piece was thinly sourced, with the studio refusing to comment and the “theater industry executives” who leaked the news remaining anonymous. The article included no quotes from the memo itself, nor any indication of how many people received it. In some ways, this is old news. Anchorman 2 was released a month ago, and the gist of the Paramount memo was circulating on specialist message boards like film-tech.com back in November. At least one forum member cited a Wolf booking at a 35mm venue, but the balance of the evidence suggests that the phantom memo is, in fact, true.