‘Trolls World Tour’ Is Single-Handedly Ripping the Movie Industry Apart – Yahoo Lifestyle

COVID-19 has made business hard on movie theaters, but thats nothing compared to the havoc inflicted byTrolls. The latestTrollsopus,Trolls World Tour, is threatening to tear about the entire movie industry. No. Really.

Sponsored by Pandora

Whether you cant speak face to face with your mom on Mothers Day or want to give the mother of your children something special this year, send her a gift to say thanks for always being there, even if you cant be together. Pandora Jewelry is something she can wear to be reminded of exactly how much we appreciate her.

Shop Now

Since the Supreme Court forced movie studios to get out of the theater business in 1948, the two factions of the entertainment industry have had a symbiotic relationship. Studios needed theaters to show their films and theaters needed studios to supply them with films. Home video complicated matters, but initial exclusive theatrical releases preserved a delicate equilibrium.

That equilibrium might not survive the pandemic, andTrolls World Tourmight be the film most responsible for the disruption.

AMC Theatres CEO Adam Aron sent a letter to Universal chairwoman Donna Langley expressing his discontent with comments made by NBCUniversal head Jeff Shell, reflecting the desperate situation his company is in.

This radical change by Universal to the business model that currently exists between our two companies represents nothing but downside for us and is categorically unacceptable to AMC Entertainment, the worlds largest collection of movie theatres.

Going forward, AMC will not license any Universal movies in any of our 1,000 theatres globally on these terms.

That means films likeF9, Minions: The Rise of Gru,Sing 2, and future Jurassic Park titles will not, as things currently stand, be shown on any of the approximately 11,000 screens AMC controls worldwide, including over 8,000 in the United States.

Story continues

Aron was responding to comments by NBCUniversal CEO Jeff Shell in theWall Street Journal. The results for Trolls World Tour have exceeded our expectations and demonstrated the viability of PVOD, Shell said. As soon as theaters reopen, we expect to release movies on both formats.

After moving its release date multiple times, in March Universal decided to return Trolls World Tourto its original April 10 release but to also make it available simultaneously on video-on-demand services.By the time April 10 rolled around, the vast majority of theaters were closed, turning the movie into a test case for releasing first-run movies online to rent for $19.99.

It went staggeringly well. The film made nearly $100 million in rental fees, generating more revenue for the studio than the originalTrolls did during its five-month theatrical run, spelling potential disaster for movie theaters.

Here was proof positive that movie watchers would pay for the privilege of watching first-run films from home, that the convenience and relatively low cost of streaming movies might outweigh the pleasures of the big screen.

Now, Universal has a choice. It could choose to engage in negotiations with AMC in an effort to define terms that work for both sides, or it could disregard the letter and bet big that the VOD success of Trolls World Tour will translate to the rest of its slate.

In public, Universal has made it clear that it prefers the former course of action. But if this situation shows us anything definitive, its that the status quo ante was tenuous at best, and the future of the movie theater exhibition model thats endured for 70 years is uncertain at best.

See the original post:
'Trolls World Tour' Is Single-Handedly Ripping the Movie Industry Apart - Yahoo Lifestyle

Related Post

Reviewed and Recommended by Erik Baquero
This entry was posted in Scary Movie. Bookmark the permalink.

Comments are closed.