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Where possible, cinema is proving a very different experience. Most of their battles pre-COVID were concerned with “windows”: the period of time between a cinema and home release. They have almost bottomless pits of money to support their platforms.Ĭinemas do not.
Cinescope pictures movie#
If a movie tanks, it won’t make them shut up shop. Newer players ( Disney, Apple, Amazon) have financial models that are even further removed, as their core businesses aren’t in production or screening. We may never know how successful Bright was for Netflix but it makes content purely to convince us that a subscription is a necessity. But because Netflix sells subscriptions, not movie tickets, that imperative is removed. Usually, cinemas take two-thirds of the ticket price, so the studio has to make three times the budget just to break even.
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The Will Smith movie Bright (2017), for example, had a Netflix budget of US$90 million (A$125 million). Pass the popcorn - Scorsese cinema boycott will shape the future of movies The streaming giant has had a huge impact on how films are made, distributed and screened, thanks to its completely different financial model. That said, the film industry has had tense relations with Netflix. When torrenting (largely illegal downloading) emerged, cinema responded with the return of 3D - and now 4DX. When television arrived it was small and black-and-white, so feature films became all-colour and cinemascope. The previous “cinema-killers” didn’t finish off the industry, in part because it has a history of reacting well to threats. Scenario 1: more ‘day-and-date’ new releases to stream at home Nick Bolton/Unsplash, CC BYĪ love letter to cinema – and how films help us get through difficult times Wishful thinking? It’s unlikely cinemas will go back to normal post-pandemic. Still, that doesn’t mean the new normal will look like the old one. There will always be people who want to get out of the house (a desire made more keen by COVID lockdown), buy popcorn and experience the communal magic of the picture palace. First it was television, then home video, then computer games, interactive movies, downloading and virtual reality that spelled the end of the big screen. But to borrow from Mark Twain, reports of the death of cinema have always been greatly exaggerated. Meanwhile, the release of the next James Bond film has been delayed yet again following disappointing ticket sales for Christopher Nolan’s Tenet.ĬOVID-19 has done something two world wars were not able to achieve. Directors James Cameron, Patty Jenkins and Martin Scorsese warned that cinemas “may not survive the impact of the pandemic,” with more than two thirds likely to fold without a bailout. Hollywood’s heavyweights joined forces last week to ask the US government to help save cinemas.