As Disney prepares to release “Raya and the Last Dragon” in theaters and as a premium on-demand title this Friday, CEO Bob Chapek says that he thinks the experimentation his studio and others in Hollywood are doing with releasing movies during the pandemic will permanently change the movie business. From a report “The consumer is probably more impatient than they’ve ever…
Tag: theaters
The Cinemas Now Hiring Out Their Screens To Gamers
Some movie theaters around the world are renting out their screens to gamers to bring in a new revenue stream amid the coronavirus pandemic. The BBC reports: With many cinemas across the country closed due to coronavirus restrictions meaning that they can only open with 50% capacity, and far fewer movies being released to tempt cinemagoers, CGV [South Korea’s largest cinema…
‘Meme Stock’ Rally Rescues AMC Theaters From $600 Million Debt
This week’s bizarre “meme stock” rally, which has delivered lottery-like windfalls for holders of GameStop stock, also wiped out $600 million in debt owed by the AMC theater chain. Polygon reports: That’s because, on Wednesday, a private equity firm named Silver Lake — and private equity firms are popularly considered the “bad guys” in this snobs-versus-slobs drama — elected to convert…
Is Letterboxd Becoming a Blockbuster?
Early last decade, Matthew Buchanan and Karl von Randow, web designers based in Auckland, New Zealand, were seeking a passion project. Their business, a boutique web design studio called Cactuslab, developed apps and websites for various clients, but they wanted a project of their own that their team could plug away at when there wasn’t much else to do. From a…
With Movie Theaters in Limbo, Netflix Plans Its Biggest Year Yet
Netflix will release 70 original movies in 2021, the company said in a statement Tuesday, touting the streaming service’s most ambitious slate yet as the theatrical movie business remains stuck in limbo. From a report: Netflix’s lineup of movies includes one of its most expensive to date, “Red Notice,” an action movie starring Dwayne Johnson, Ryan Reynolds and Gal Gadot, as…
Forget the Streaming Wars — Pandemic-Stricken 2020 Lifted Netflix and Others
The past 12 months were billed as the year when a flood of new entrants would force streaming services to wage an all-out war for subscribers. Instead, incumbents and rookies alike feasted on a base of shut-in customers eager for more things to watch. From a report: The largest streaming services finished 2020 with combined U.S. subscriber numbers more than 50%…
Disney Will Test the Limits of ‘Franchise Fatigue’ in 2021 and 2022
An anonymous reader shares a report: In November 2019, just a few days after Disney+ launched, Netflix (NFLX) content chief (now co-CEO) Ted Sarandos, speaking at a Paley Center for Media event, said that Disney (DIS) is “bound by” its content universes, a reference mostly to Marvel and Star Wars. He continued: “I do think the risk of being bound in…
Disney Stock Skyrockets 13% Friday to New All-Time High
CNN reports:
If it wasn’t abundantly clear that content is king, especially in the Covid-19 era, Disney hammered that point home Thursday when it previewed dozens of new series and movies for its Disney+ streaming service. And investors are loving it. Shares of Disney jumped 13% Friday to a new all-time high. The stock is now up more than 20% this year,…
‘It’s Time For Movie Theaters To Die So Movies Can Live Again’
Joshua Topolsky, writing at Input Mag: Movies are, by their very nature, good. Movies are one of the best things to have happened to the human race, probably ranking right up there in the top 5 with eating, sex, indoor plumbing, and music. We’ve probably all had formative experiences in one way or another around movies, and for many of us…
Warner Bros. To Debut Entire 2021 Film Slate, Including ‘Dune’ and ‘Matrix 4,’ Both on HBO Max and In Theaters
When Warner Bros. announced that “Wonder Woman 1984” would land on the streaming service HBO Max on Christmas, the same time it debuts in theaters, many expected it to be an isolated case in response to an unprecedented pandemic. From a report: Instead, the studio will deploy a similar release strategy for the next twelve months. In a surprising break from…