As movie theater screens fade to black nationwide during the coronavirus pandemic, people sheltering in place are turning to streaming services for much-needed entertainment. With theaters expected to be closed until at least mid-June, you would expect movie studios to release films that were meant for cinemas directly onto the small screen, right?
Wrong. Very few films have been released directly to streaming services. The majority of Hollywood films have pushed to late 2020 or found a new home in 2021, still seeking a piece of the $42.5 billion global film industry.
The few movies that have gone to video on demand or plan to were low- to mid-tier budget films that werenât forecast for a massive box office.
Worth the wait: âItâs vitally important for the majority of big-budget, high-profile films to await the return of movie theaters around the world and thatâs why we are seeing so many films pushing their release dates down the road,â Paul Dergarabedian, senior media analyst at Comscore, said.
Disneyâs âMulan,â Sonyâs âGhostbusters: Afterlife,â MGMâs âNo Time to Die,â Paramount Picturesâ âTop Gun: Maverickâ and more have all found new release dates. These high-budget blockbusters wouldnât be able to recoup their production and marketing spending if they donât go to theaters. So sit back, relax, and enjoy the show wait.
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