British film exhibitor Cineworld is now the largest theater chain in North America after buying out Canada’s Cineplex for $2.1 billion, which was a whopping 42% premium.
The Department of Justice in the United States is preparing to allow Hollywood studios to own film theaters once again. This decision would reverse 70 years of anti-trust law that was implemented in 1948, which is known as the Paramount decrees.
After a decade of primarily focusing on episodic content, Netflix wants to break the theatrical glass ceiling, especially since they are funding more original films.
Apple wants to carve out exclusive theatrical windows for exhibitors to screen some of its forthcoming feature films before streaming on Apple TV+.
The exclusive 90-day theatrical window has become a line in the sand that theatrical exhibitors are unwilling to cross.
Netflix solidified its position in Hollywood by recently taking the empty seat at the Motion Picture Association of America vacated when Disney acquired Fox.
Last year was the first year that global viewers spent more on online video streaming services than attending movie theaters.
Amazon and Netflix both walked away from the opportunity to acquire Landmark Theaters.
Amazon is preparing to acquire Landmark Theaters according to unnamed sources. Fewer and fewer Americans are going to the theater, but those that do are spending more and more.
At the Sundance Film Festival, theatrical ticketing service, MoviePass launched a new service to acquire distribution rights in partnership with other buyers.