As Paramount and Netflix compete for Warner Bros. Discovery, the outcome could reshape how movies are made, released, and watched.
The $83 billion deal is expected to change the cost and availability of programs on Netflix and HBO Max.
PG-rated movies like “Lilo & Stitch” and “A Minecraft Movie” and have been standouts for theaters, while PG-13 staples have been struggling.
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.
