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.
Discover what Netflix pays for feature films and television content throughout the largest European territories and North America with unprecedented access to SVOD licensing rate cards and contract terms.
The reason for this lavishly spending spree is in response to new streaming competition by the studios and the upcoming exodus of content.
The studio cartel system continues to thrive in Europe even after several seemingly disruptive interventions by the European Commission.
Against the backdrop of new streaming competition, Netflix is significantly increasing the amount it invests in producing, licensing, and acquiring films and shows.
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.
Amazon Studios has relied on traditional distribution practices to foster greater collaboration with gatekeepers in Hollywood. However, after playing second fiddle to Netflix for the better part of a decade, Amazon is changing its theatrical strategy stateside.
After years of declining production activity for Made-For-TV movies, Netflix is accelerating the rate it licenses and produces lower-budgeted movies for its streaming platform.
Heavyweights Disney and Apple are offering free introductory offers to gain a head start over rivals. Select Verizon subscribers in the United States will get free access to Disney+ for a year.
Although Netflix remains committed to producing original content, it is preparing to license more content from independent producers and distributors.