Read this article for insight how New Hollywood streaming companies could help Old Hollywood by releasing films in theaters. - by davidjdeal hollywood streaming
in movie theaters during Thanksgiving Week before going dark until December 23, when the film will re-appear on Netflix exclusively. Netflix won’t release financial results forwas on track to make about $24 million during Thanksgiving Week – but the movie was distributed across 4,174 theaters.a lost opportunity to make even more for Netflix? In fact, there is ample evidence to suggest that New Hollywood should release movies in theaters first in order to build buzz for streaming releases.
With Netflix releasing on about one movie a week for viewers at home, the potential for gaining more revenue streams is big. Netflix, to date, has resisted exhibiting movies in theaters first. But amid an economic downturnEven more significantly,that Amazon plans to spend $1 billion a year on theatrical film releases in 2023. Amazon seeks to make between 12 and 15 movies annually that will get a theatrical release.
To date, Amazon has been steadily getting into the movie business over a period of years by purchasing titles and releasing them under the Amazon Studios name. It earned Academy Award nominations for, which were modest box office successes. Recently Amazon announced its intent to become major movie studio to be reckoned
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