AMC and Universal deal is changing the movie industry
The coronavirus (COVID-19) pandemic has changed how people interact with social spaces in regard to safety protocols including movie theaters but AMC Theatres is looking forward to the future. AMC Theatres CEO, Adam Aron, is working with Universal Studio chair, Donna Langley, for a deal to bring movies to fans in a shorter amount of time.
Universal Studios is the world’s largest movie theater operator and will no longer play the studio’s films at its venues, this new deal is set to shrink the traditional 70-day theatrical window. The multiyear arrangement entails Universal offering AMC three weekends (or 17 days) for theatrical exclusivity on all Focus Features and Universal Pictures films.
After the 17-day period, the studio will be able to feature films for the audience at-home through premium video-on-demand and AMC is expected to be sharing this new rental revenue. The deal will only cover United States venues but the two companies are discussing international distribution agreements in countries served by AMC including Europe and the Middle East.
Langley released a statement saying, “The partnership we’ve forged with AMC is driven by our collective desire to ensure a thriving future for the film distribution ecosystem and to meet consumer demand with flexibility and nationality.” Aron of AMC is embracing this new industry model with enthusiasm that this new deal will have the potential for increased studio profitability that will also lead to green-lighting more theatrical movies.
-
Murphy received the award for “outstanding contributions to the world of entertainment.” This week, the 2023 Golden Globes recognized...
-
Renner is recovering after receiving chest and orthopedic surgery. Earlier this week, actor Jeremy Renner, best known for his...
-
Though frightening, the incident gave Banderas new perspective in life. Last week saw the theater premiere of Puss in...
-
After 25 years, the animated series is moving onto new leads. Since it began airing in the 90s, the...
-
The neurological disorder has prompted Dion to postpone her next shows. Prominent singer/songwriter Celine Dion announced today that, following...
-
Wednesday beat out Stranger Things for most hours watched in its premiere week. Last week saw the Netflix premiere...
-
Schneider won the $250,000 grand prize. Monday night saw the final episode of the 2022 Jeopardy! Tournament of Champions,...
-
The fifth season’s pitch reportedly made Netflix executives cry. The fifth and final season of Netflix’s smash-hit series, Stranger...
-
A new film is coming in 2023. Since the 1950s, Toho’s Godzilla has been the first and foremost name...
-
Early viewers have praised the film for its more subdued, poignant narrative. Next month will see the theatrical premiere...
-
Johnson is confident on the direction of the cinematic universe. This weekend will see the theater release of Black...
-
The experience was equal parts incredible and terrifying. In 2021, actor William Shatner joined the crew of the Blue...