Paramount Pictures has become the first major film studio to announce that it will no longer be distributing movies on film, and is going exclusively to digital distribution. Only 8 percent of theaters in the U.S. have held back on converting to digital, so this will put some added pressure on them. Paramount says Anchorman 2 will be the last of its features to be available to theaters on 35mm film stock. Other studios are expected to quickly follow suit.