LAS VEGAS - As movie theater owners converge on Las Vegas for their annual convention, one topic that keeps coming up is how they contend with a company that has resisted their traditional business model: Netflix Inc.
The issue of how Netflix fits into, or threatens, the theater business dominated a press conference on Tuesday at CinemaCon, the theater industry trade show. Earlier, Fithian told a crowd in a Caesars Palace theater that films reached their full potential only with a “robust theatrical release.” He spoke just after “Crazy Rich Asians” director Jon M. Chu said his film would not have had as big an impact if it had debuted on a streaming service.
Antitrust chief Makan Delrahim sent a letter to the academy warning that any changes that limited eligibility for the industry’s highest honors “may raise antitrust concerns,” according to Variety. “We are all stronger advocates for creativity and the entertainment business when we are working together ... all of us,” MPAA CEO Charles Rivkin said on the CinemaCon stage.
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Don’t they have something more important to focus on?