To stream or not to stream: Hollywood studios could send more films to the big screen as Wall Street pushes for profits
Publishing timestamp: 2024-01-31 08:08:16
Summary
The article discusses how Hollywood studios may reevaluate their streaming release strategy and send more films to theaters in order to prioritize profitability over subscriber growth. It mentions Paramount's strategy of greenlighting low-to-mid-budget films for streaming, only to release them in theaters first based on positive test screenings. The article also emphasizes the importance of low-to-mid-budget films for the health of the box office and the potential profitability of these films. It notes that Wall Street now values immediate earnings growth over subscriber growth, leading studios to reconsider their streaming strategies. The article concludes by mentioning upcoming films with relatively small budgets that could find success with audiences.
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Keywords: walt disney co, life, business, movies, sony group corp, breaking news: business, entertainment, warner bros discovery inc, media, comcast corp, business news, paramount global, netflix inc, amazon.com inc,