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A grainy circle flashes on the top-right corner of the screen at the Eagle Theater. The single-screen repertory cinema, run by the nonprofit organization Vidiots, was showing a 35-millimeter print of Paul Thomas Anderson’s psychological drama “The Master.”

The faint warning is easily missed by most viewers, but it appears every 10 minutes, alerting the projectionist to change the reel.

The auditorium was sold out. Audience members clapped as the film title appeared onscreen. There was a buzz in the air even before the lights faded to black with the standby line filled with hopefuls trying to grab a last-minute ticket. The stakes were high for the person manning the reel exchange.

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