Posted inFilm & TV
Cinema in the Age of Cellphones & Digital Media – Part 2
So, is "real" cinema destined to "go the way of the dinosaur" in the age of digital media and streaming platforms?
Yes, it seems highly likely.
"In a groundbreaking moment, Sony Pictures Entertainment has acquired Alamo Drafthouse Cinema in a deal that puts a major Hollywood studio back in the business of owning a movie theater for the first time in more than 75 years with certain exceptions."
Jun 12, 2024
The Hollywood Reporter [1]
Judging by this recent move, fiduciary projections are not looking good for Cineplex, Odeon, and other major cinemas. These larger chains are going to have to find some miraculous cost-cutting measures or face reality – streaming media is winning.
