Quote:
Originally Posted by DaneMcCloud
What? It isn’t happening? Then please explain Netflix. Then Disney+. And studio like Universal that released Trolls 2 to huge Premium Video On Demand numbers.
Theater chains were already struggling and now that the studios have accelerated their plans, the industry has no choice but to contract.
|
Please read the rest of my post. I’ve worked in film, man. You have to understand that these studios are still run by an old guard. Netflix has done fine, sure. But Netflix is also in the business of purchasing film rights from studios and white labeling them as their own content. For a brand like Disney, streaming services ARE NOT the delivery platform. They are a means to recurring revenue from their intellectual property.
Why would Disney ever consider abandoning the box office when they can continue to charge a premium for theaters to show their films, while said theaters make countless money from concession sales per head? The amount of money made in the box office, per person, annually, absolutely dwarfs the streaming platforms.
And guess what? Once the film is out of the theater, said studio gets to charge you a subscription fee to watch it again. The streaming services are a value add, not the be-all, end-all. Further proof of this is that Netflix has released some of its largest productions in the theater as well.
Just because you don’t personally go to the movies does not mean theaters are struggling. Some have struggled, yes. But the ones who are doing it right are killing it. Visit a B&B any night of the week. The parking lot is packed. And don’t forget the small town - the lifeblood of the film industry.
Btw, AMC just went up another 20% overnight based on some of their national locations looking into reopening with new SD guidelines. And they’ll fill up.