You can pick up a used Panasonic AE4000 projector for about $850 on audiogon or amazon. At $2,000 new, it was a best buy projector for many reviewers about 5 years ago. Most important, it had sense motorized memory for 16 x 9 widescreen aspect ratio and support of 2.35:1 cinematic widescreen for certain movies. The projected distance (throw) is a fantastic 45 inches to 711 inches, with a screen size (diagonal) of 40 to 300 inches. Basically, you can use this home theater projector anywhere from a small room to a decent-size auditorium. You can program it's IR command for the lens shift into your universal remote.
http://app.audiogon.com/listings/pr...015-04-14-home-theater-11418-richmond-hill-ny
http://www.amazon.com/gp/offer-listing/B002W7CW32/ref=dp_olp_used?ie=UTF8&condition=used
Projector Central Review:
"The Panasonic PT-AE4000 sets a new benchmark for price/performance in the home theater industry. In both picture quality and features, it easily surpasses the AE3000. And at just $1,999 it will have an earthshaking effect on prices throughout the industry. No other projector is as fully-loaded with user friendly features as this one; other than the AE3000, no other competing model even comes close in features and functionality. But what it always comes down to is picture quality. And in this regard, the AE4000 surpasses not only the AE3000, but all other 1080p models that we have yet seen under $3,000. It is not the brightness unit on the market by any stretch. Several other inexpensive 1080p models have brighter Cinema modes. But if you are looking for extremely high image quality and are willing to give up a little lumen output to get it, the AE4000 produces a refined, elegant picture that is extremely difficult to beat.
Since the AE4000's picture quality not only surpasses the competitors in its price range, but rivals and in some cases exceeds that of "high-end" models selling for five times the price or more, it warrants a solid 5 stars for performance. Since it has more features than any other home theater projector ever built, 5 stars is not even enough to illustrate its distinction in this category. Similarly, its ease of use is unrivaled-perfect color calibration out of the box in Cinema 1 mode, smart menus that are easy to navigate, lens memory to accommodate 2.40 super widescreen without an anamophic lens-no other projector has all of these things, and most have none of them.
All of this adds up to a remarkable value proposition: at a street of $1,999, we've simply never seen this much performance at this price. Panasonic has been extremely tight-lipped about this product launch. Until now many thought the company was dropping out of the home theater projector market. Today's announcement makes it clear that they are here to stay. The Panasonic PT-AE4000U will be one of the hottest selling home theater projectors of the fall season, and we enthusiastically give it our highest recommendation."
http://www.projectorcentral.com/panasonic_ae4000_projector_review.htm
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Pair this with an Elite dual screen which has both a 16:9 and a 2:25 screen in the housing. These were about $2,000 new but were discontinued at the end of 2014 but you can still pick one up at a fantastic clearance price of $174 on amazon before they're all gone. You can also program it's IR command for the lens shift into your universal remote.
http://www.amazon.com/Elite-Screens-DTE117C94H-E16-Osprey-Tensioned/dp/B003E6RGN6
Brochure:
http://www.projectorcentral.com/pdf/screens/ospreytensiondual_brochure.pdf
Home Theater Review:
"The Osprey Tension Dual Series Screen is an ingenious design, in that it gets around the auto-masking issue and its associated costs by simply housing two separate screens in one chassis. When I first learned of the Osprey's existence I had one of those "duh" moments, for Elite's solution seems so simple, yet no one has done it. They just took the two screens needed to enjoy both 16:9 and 2:35:1 aspect ratio material and put them together. It's freakin' genius, I tell you. And the cost for this fit of brilliance? Prices start at $1,999 for an Osprey screen containing a 78-inch diagonal 16:9 aspect ratio screen and a 97-inch diagonal 2:35:1 aspect ratio screen."
http://hometheaterreview.com/elite-screens-osprey-tension-dual-series-screen-reviewed/
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Mount the screen on the wall and put your speakers just under the screen drop. They will sound much better than behind the screen being muffled by the screen material. People spend gobs of money on perforated or woven screens to minimize the loss in clarity and detail from putting the speakers behind the screen. I would imagine that regular spandex would attenuate the high frequency detail even greater than these carefully engineered screens. Also spandex probably doesn't have the same 1.1 gain or reflected color balance of a commercial white screen.
Mount the projector and project a 16:9 image on the Elite 16:9 screen. Adjust throw distance to fit the 16:9 height/width, then adjust keystone correction and focus until it looks best. Store that as setting
#1 in the projector. Switch to projecting a 2:35 image on the Elite's 2:35 screen. Adjust the throw distance to fit the 2:35 height/width, then adjust keystone correction and focus until it looks best. Store that as setting
#2 in the projector. Create a macro in your universal remote to change the projector lens memory and raise or lower one of the two Elite screens.
If you want to mount the screen on a 2x6x10 wood spacer to move it out from the wall, then you can put an inexpensive $696 LCD 60" TV under it for daytime viewing when it's harder to control light. That gives you a chance to use the room for casual viewing without pulling the shades, dropping the lights and firing up the projector and screen. It doesn't have to be an expensive model for critical viewing since you're going to use the projector/screen for that when you really want to watch a movie or the big game.
http://www.google.com/shopping/prod...PVoATD_4HgCw&gclid=CPuEkbGTqcUCFcRgfgodAiAAUA
Now you have a Constant Height theater / multi-use entertainment room for a fraction of the cost of buying a newer projector with lens memory, two different 16:9 and 2:35 motorized screens and a 60" flatscreen TV! That's basically what I did in my installation (see below).