Netflix isn't killing movie theaters: The audience who streams more, also goes to cinemas more.
At CinemaCon in Las Vegas last week, movie distributors and theater owners alike said there was little to fear from a growing population of streaming services, which will soon include Disney+ as well as platforms from Comcast, Warner Bros. and Apple.
At its current pace, Pachter expects the U.S. box office will grow about 1 percent to $12 billion this year, another record. "Both the theatrical and home entertainment sectors both grew strongly in 2018 and that's great news because we are all part of the growth together," he said. Traditionally, Hollywood studios, and even Amazon, have adopted a 90-day theatrical release window, which means the film will run in theaters for that time period before being available on video-on-demand or on a streaming service's site or app."The exhibitors were all very clear at CinemaCon 2019 that they are happy to continue working alongside Netflix as they have been, as neither has been negatively impacted by the other," Pachter said.
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