You can forget about any film festivals or any indie or small market films ever showing at this venue. Even Tiff won't use this venue now for their festival. Do you see them spending money on renting 20 film projectors so they can have the festival there. Smaller films will not be available there anytime soon because 95 percent of art house chains in America still exhibit film over digital. Even Landmark Theatres, the biggest art house chain in the US, (almost the size of Cineplex Odeon) prefers film. The new theatres they build have DLP projectors but are only used when a film is not available in a 35mm print not the other way around. All the new multiplexes being built now and which will feature exclusive all digital projection are suburban complexes in middle America and not the markets for indies anyway.
Amc could have easily included 3 or 4 film projectors to show these films and even madeprofit in the short term from it. For example Cloverfield made less than a million dollars in all of North America last week, an absurdly low figure. After you take a given weeks 5 to 10 Hollywood films out of the equation a theatre can make more money by showing an indie in it's first month or so of distribution. You can see the programming at the AMC in Montreal to prove this theory. So why would Amc lose money in the short term, because by pushing this format and forcing a conversion the long term profits are staggering.