The theory is that the studio is trying to save on its tax bill after merging with Discovery, reporter Teddy Brown says.
The Sundance Film Festival has seem some big buys, and renewed interest especially for the small screen.
Some writers say creative Hollywood accounting practices mean that studios aren’t spreading the wealth.
Base Media and iQiyi see potential for a creative edge in a competitive market. But U.S. clients worry about copyright infringement.
If it’s anything like the last writers strike, it could halt production for 100 days.
The majority of films debuting at Sundance are still in need of wide distribution. Some believe having the festival in person for the first time since 2020 will help.
There have been only 66 films in wide release so far this year, down more than a third from this point in 2019, according to Comscore.
“Top Gun: Maverick” got things going with it broke box office records on Memorial Day weekend.
“Spider-Man: No Way Home” performed well, but adult dramas with smaller budgets have opened to little fanfare.
Movie theaters are reopening in time for summer blockbuster season. Are people ready to go back?
