Sunday, December 29, 2019

STREAMING undercuts cinema while Disney surge


https://nypost.com/2019/12/27/streaming-services-cut-into-2019-box-office-profits/

Disney had 7 of the 10 biggest 2019 hits ... AND 7 $1bn+ global hits. They've also released an Xmas movie, Noelle, exclusively on the Disney+ platform (no theatrical release). Just as notably, also in November, they did the same for a Lady and the Tramp remake. That same month The Irishman became the highest profile Netflix release, a tentpole level production with huge buzz. It was given a minor theatrical release in some Indies/arthouse cinemas (the chains boycott Netflix), ensuring awards eligibility.

US box office was slightly down (3.6%) on 2018, the 5th time it had fallen this decade, but it's still almost $11.5bn. Disney's chunk of that is worryingly high.

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