Apple wants to carve out exclusive theatrical windows for exhibitors to screen some of its forthcoming feature films before streaming on Apple TV+.
Against the backdrop of expanding industry competition, Netflix is significantly increasing the amount it invests to produce, license, and acquire films and shows.
Apple raised its commitment from $2 billion to $6 billion this year to fund original shows and films for its new subscription video service, Apple TV+.
Accurately value revenue for feature films streaming in the US, UK, and Canada with exclusive access to licensing rate cards and terms from three Netflix agreements.
Netflix signed a five-year deal with Sony Pictures Television worth $500 million to become the exclusive worldwide streamer for Seinfeld.
The exclusive 90-day theatrical window has become a line in the sand that theatrical exhibitors are unwilling to cross.
Netflix and Amazon, who were once touted as the saviors of the indie film market, are retreating from acquisitions to focus on producing more original films.
Apple TV+ subscription service will launch on November 1st for $4.99 a month. However, with only a handful of shows available, it will not frustrate the launch of Disney+ or challenge Netflix in a meaningful way.
Discover what type of films independent distributors want to acquire in their own words. Understand what elements 26 U.S. distributors are looking for when they acquire a film at TIFF or elsewhere.
Buyers at TIFF are skittish after a 6% drop in North American box office receipts in 2019. Worse still, is the dire year indie films are having, where receipts have declined 45%.