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Showing posts with the label movie theaters

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 ...

The Business of Movie Theaters

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 The announcement by Warner Bros. studios to release its entire slate of 2021 films straight to streaming has sent shock waves through the industry. The relationship between studios and theater owners was precarious at best but this just turns the knife. Streaming has become very romantic for the major studios especially during the age of COVID. Even before the pandemic many customers went to streaming for their entertainment. Netfix pretty much led the way by inventing the process. Disney followed suit and created Disney Plus to add to its collection of channels and Warner Bros. started HBO MAX. It seems that streaming has become the NFL of distribution for the major studios while theaters have morphed in Major League Soccer. But just like the MLS there is still a lot of potential value in the venue. Technology has always disrupted the film business. The younger makers usually take these new inventions and run with it while the established and more traditionalists shy away from in...