What will theatrical exhibition look like in a few years?
Everything is changing. When I came to work in Hollywood in 2012, no one wanted to release a movie digitally, and the only streamer was Netflix, with Amazon Prime a distant second. As more and more of these channels and studios got apps and saw the lucrative possibility, things changed.
Then COVID hit, no one could go to the theaters, and streamers boomed. Everyone was selling them movies and watching as they turned a profit, and no one else did.
It was brutal. 20th Century Fox sold to Disney, and suddenly Hollywood began consolidating who owned what. Rebranded as 20th Century Studios, it’s a place to watch as everything unfolds. Once famed for making movies for adults as well as action intellectual property, the studio is in flux now, with the very idea of releasing movies in theaters at jeopardy.
20th Century Studios President, Steve Asbell, sat down with the Hollywood Reporter to talk about the future of the business and his studios. We picked some of his most interesting quotes from the article.
Author: Jason Hellerman
This article comes from No Film School and can be read on the original site.
