Disney is facing pressure from activist investor Daniel Loeb, founder of hedge fund Third Point, to increase funding to Disney+ and the rest of its streaming businesses.
Chief Executive Bob Chapek, speaking to CNBC television, described the shift as “tilting the scale pretty dramatically” toward streaming.and other digital video services. It shuttered theaters and forced experimentation with release patterns, upending the traditional practice of keeping a movie exclusively in theaters for a window of roughly 90 days before sending it to other platforms.
“Everybody is absolutely paralyzed and trying to read what is going on at every level and how that is going to trickle down into the way people watch movies,” Jenkins said in a recent interview. A premium video-on-demand model like the one Disney used for “Mulan” will not work for a studio’s biggest, most ambitious films, LightShed Partners analyst Rich Greenfield said in September, noting that a $2 billion box-office film can generate over $800 million in profit to a studio.
That's NOT big media! That's six small medias stacked together. Nice try!
Not only has realDonaldTrump killed 215,000 Americans, he's wrecked the movie, Broadway and restaurant business
I'm good with this. My only hope/wish/whatever is that they'll present the option to buy say the same time as the option to rent. If I'm going to watch a digital movie at home, I'd rather pay for it once and be done
Works great if you have decent broadband. Screw those rural folks and those who live in areas w/o widespread service.
And we're turning focus towards Big Pirating
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