NBCUniveral chief Jeff Shell plugged the studio to talent and called theatrical releases crucial to the business. He also said movies may be more profitable post-pandemic, and that Peacock is “misunderstood” since it’s was really designed to complement existing businesses.
Theatrical is “really important to the movie business, not just as a revenue stream but because that what makes a movie a movie, the ability to create an event. The ability to wake up and see your box office, not ‘we dropped on some streaming service.’ Shell told the a virtual Credit Suisse media conference.
(The “event” factor is also helping to keep linear television afloat, he said, especially with news and sports.)
Universal, he said, navigated “through this disruptive period in film in a way that allowed us to come out the other side with good relations with exhibition partners and a way that, if you are a...
Theatrical is “really important to the movie business, not just as a revenue stream but because that what makes a movie a movie, the ability to create an event. The ability to wake up and see your box office, not ‘we dropped on some streaming service.’ Shell told the a virtual Credit Suisse media conference.
(The “event” factor is also helping to keep linear television afloat, he said, especially with news and sports.)
Universal, he said, navigated “through this disruptive period in film in a way that allowed us to come out the other side with good relations with exhibition partners and a way that, if you are a...
- 6/14/2021
- by Jill Goldsmith
- Deadline Film + TV
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