The Netflix Juggernaut (Film Business)
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Netfilx has come out with a lot of announcements so far in the infancy of 2021. One of them was the plan to release an original movie once a week for the whole year. It was just another idea coming out of the streaming giant to stay ahead and set the tone for all the other media giants. But what's good for streaming is not so good for theater owners. This was discussed on The Drew Barrymore Show with special guest entrepreneur Gary Vaynerchuk. The news was another threat to the livelihood of movie theater owners. Mr. Vaynerchuk believes, as I do, that movie theaters are in trouble but they're not going to die. As he states, we're human beings and need that human connection. I believe that humans also need the arts to help them spiritually and they will go to movie theaters to experience a visual story in all its glory. Mr. Vaynerchuk's solution for movie theaters is to reinvent themselves. I wholeheartedly agree. A lot of these theaters need to keep pace with the new ...