Endeavor CEO Ari Emanuel says WME in talks with Netflix and Amazon on theatrical release of the movies

In an extensive speech to the a Goldman Sachs Conference On Monday, Endeavor CEO Ari Emanuel said his company is in talks with Amazon Studios and Netflix about their plans to release films in theaters.

“We are discussing with Amazon about, will it be 15 days, 25 days, day and date? There is no one way or another, “he said.” Some movies even on Netflix now, will last four weeks in theaters … There is no fixed pattern right now, because they are still trying to figure it out. “

The same could probably be said for almost every major Hollywood studio. While Sony has maintained a stable partnership with Netflix to stream their films after their theatrical run, the other legacy studios – Disney, Paramount, Universal and Warner Bros. – have tried several experiments with windows in theaters and choosing which films to skip theaters completely. The goal: to try to balance their movie plans with the need to increase revenue for their streaming services.

Endeavor publishes strong Q2 backed by sporting events and live events

But streamers like Amazon and Netflix have been even more opaque with their plans for theatrical release, which is particularly noteworthy for Netflix given its lavish spending on some major blockbuster movies. The Russo brothers’ $ 200 million blockbuster “The Gray Man” starring Ryan Gosling got 253 million watch hours on Netflix through the end of August and has a sequel that got the go-ahead, although it was first released in exclusive for a week. hit the stream.

Meanwhile, Netflix hasn’t fully revealed plans to release “Glass Onion,” the sequel to Rian Johnson’s “Knives Out,” which the streamer paid $ 469 million to get from Lionsgate. Although the film has been set for a streaming release date of December 23, Netflix hasn’t announced a date for a scheduled limited theatrical release.

'Glass Onion': Netflix sets December release date, reveals new images for 'Knives Out' sequel (photos)

Emanuel told Goldman Sachs he believes Hollywood will move to a future with fewer theatrical films, which would disappoint the hopes of film executives hoping for a return to pre-pandemic box office revenue. While the summer box office ended with a total of $ 3.35 billion – around 1 billion less than in summer 2019 – only 22 films were released in more than 2,000 theaters, up from 42 in 2019.

READ ALSO :   Netflix trending movies and shows on September 15, 2022

John Fithian, CEO of the National Association of Theater Owners, said at a press conference at CinemaCon last spring that he believed the number of theatrical releases would increase as studios overcome persistent production bottlenecks created by the pandemic. . But the long-term changes the pandemic and changes in audience viewing habits have had during its theatrical release in 2023 and beyond are still unclear.

Tinggalkan komentar