“I actually went on my first date with my wife at the Varsity,” said Funk, the assistant director of the Chapel Hill Downtown Partnership. “We saw ‘Inception’ and we sat in the front row because it was completely full.”
But the Varsity won’t play host to any more first dates if it fails to raise $50,000 by Feb. 15 and upgrade its existing film projection system to the industry standard of digital projection.
The Varsity is an independent sub-run movie theater — for discounted prices, it shows movies after they leave major theater chains.
The theater has historic roots in Chapel Hill. Built in 1927, it was originally the Carolina Theater before it became the Village Theater and then the Varsity.
Paul Shareshian, owner of the Varsity, said it’s been difficult to get new movies during the past year because the film industry is turning away from 35-millimeter film and sending movies via hard drive instead.
“The main reason that the industry switched from 35-millimeter film to digital is because it costs them a tenth of the price to ship the film,” Shareshian said. “With a hard drive, you can use them over and over again. When you print 35-millimeter film, you can’t use it again. It’s basically garbage.”
Major movie theater franchises received subsidies to offset the costs of upgrading their projection systems to show digital movies. But many small independent theaters like the Varsity don’t bring in enough business to qualify for the discount, and some have been forced to close their doors.
When Funk learned that the Varsity faced the possibility of going dark, he sprang into action.