• Lionsgate Vice Chairman Believes the Pandemic Permanently Changed the Theatrical Business

    10 days ago - By The Wrap

    Lionsgate Vice Chairman Michael Burns thinks there is no going back to the pre-pandemic business model for theaters.
    “I think the theatrical business is changed forever. And it probably took a pandemic to actually start to move that along,” Burns said during a Goldman Sachs conference on Wednesday, arguing that the industry will see more windowing deals similar to the agreement between Universal and AMC, which allows the studio to take films out of the theaters and put them on streaming after only 17 days.
    “The idea that we have three weekends theatrically and then some sort of rev share...
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