RENEE MONTAGNE, HOST:
NPR's business news begins with a film phase out.
(SOUNDBITE OF MUSIC)
MONTAGNE: Paramount Pictures will be the first major Hollywood studio to stop releasing movies on 35 millimeter film. The Los Angeles Times reports the motion picture studio is now distributing its films to U.S. theaters in digital format only.
Oscar-nominated "The Wolf of Wall Street" is Paramount's first movie to be distributed entirely in a digital format. Its last movie on film was "Anchorman 2: The Legend Continues."