I projected excerpts from my 2D Munny animation on 3 materials to compared the effects. As a result, the glass with holographic film did give out a tiny holographic effect with this specific animation. In addition, unlike one of my previous Pepper's Ghost experiments with a sheet of glass, , it was visible from 360° angles., when the animation is projected on the holographic projection screen.
Photo frame glass ( without holographic film)
Photo frame glass ( with holographic film)
Yuri Endo 2012