Red Envelope Madness!

Monday, June 06, 2005

Theatrical movies are just commercials for DVDs

This is a follow-up to my earlier post about how Netflix is taking a bite out of boxoffice. The movie business folks know this is happening, and they are facing a crisis.
As more and more kids -- the prime target moviegoers -- order their movies through Netflix, Movielink computer downloads and cable VOD, theatergoing is taking a hit. (Even with the summer in full swing, admissions for the year are down 7%.)

What they are considering, as a solution, is to release movies simultaneously in theatres and on home video. Wouldn't that be great?
What everyone knows, but few want to admit on record, is that day-and-date delivery of movies through every platform -- with different pricing -- is inevitable. As Landmark Theatres marketing chief Ray Price puts it, 'This is the year that the walls of Jericho could come tumbling down.'

Via Hollywood Reporter:

1 Comments:

  • At 6/07/2005 12:49 AM, Blogger Aaron said…

    I'm not sure I buy this lament from the industry that Netflix and similar ventures, along with piracy are cutting into box office. Hollywood produces a great deal of crap. Maybe they should consider the possibility that its the content that's the problem, not these competing platforms.

     

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