Netflix says it will ‘reinvigorate’ the movie business, but theaters may not play a part in its plan
Netflix wants to reinvent movies in the same way it did TV, according to its Q2 earnings letter posted Monday.
In the letter, Netflix focused on the importance of shaking up the movie business, which has seen dwindling numbers of people going to theaters.
“Just as we changed and reinvented the TV business by putting consumers first and making access to content more convenient, we believe internet TV can similarly reinvigorate the film business (as distinct from the theatrical business),” Netflix’s letter read. “This year we will release 40 features that range from big budget popcorn films to grassroots independent cinema.”
That parenthetical …read more
You may be interested
Elderly man arrested on freeway after brothel shooting – Herald Sundoyelteam - Jul 21, 2017
Herald SunA MAN in his 80s wanted for shooting up a Brunswick brothel has turned the gun on himself as…
Richard Di Natale’s monthus horribilis: where to now for the Greens? – The Sydney Morning Heralddoyelteam - Jul 21, 2017
The Sydney Morning HeraldGreens leader Richard Di Natale was in Queensland on a break with his wife and two sons…
Euthanasia deaths to be permitted in Victoria by 2019 under committee proposal – ABC Onlinedoyelteam - Jul 21, 2017
ABC OnlineVictorians suffering with an advanced and incurable illness, disease or medical condition would be able to seek a medically…