Friday October 07, 2016

Netflix CEO: Movie Theaters Are "Strangling The Movie Business"

I hate to say it, but I totally agree with this sentiment. The reason is simple, the worst part about seeing a new movie is the whole movie going process. There is the super high ticket prices, the $99 bag of popcorn with your $47.50 medium drink (go large for just $0.50 more) just to be crammed in a crusty theater with a hundred other people that won't stop talking or texting through the entire movie. frown

"It’s a real tragedy," Hastings told The New Yorker editor David Remnick during the magazine’s TechFest conference in New York City, reported by USA Today. "The movie theaters are strangling the movie business. There’s [been] no innovation in distribution in movie theaters in the last 50 years. You can’t distribute a movie directly to consumers or they strike against the movie. They’ve got a lock hold on the movie studios. That’s driven flat line revenue."