Why Coronavirus won’t kill the cinema industry
Theaters have faced a rough year with the coronavirus pandemic, but the financial upsides they offer filmmakers should help secure their future. Since Netflix released its first film, “Beasts of No Nation,” five years ago, the rise of streaming services has transformed the distribution of feature films to audiences around the globe. In 2020, Covid-19 took a sledgehammer to the theatrical market, and chaos ensued. With Warner Bros. breaking a longstanding precedent, thanks to its recent decision to release its entire 2021 slate simultaneously in movie theaters and on HBO Max,…
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