The way we watch movies is changing a lot because of digital distribution. Here’s how it’s happening:
Streaming Subscriptions: In 2023, streaming services made over $40 billion! Netflix and Disney+ are the biggest players in this game.
Viewership Trends: About 80% of the time people spend watching movies is on streaming services. This is big since traditional movie theaters have lost around $5.2 billion in ticket sales since 2019.
Day-and-Date Releases: Movies like "Wonder Woman 1984" and "Dune" came out at the same time in theaters and on streaming. This new approach could boost total earnings by 20%.
These changes show how we’re moving more toward digital. This is also changing how movies make money in Hollywood.
The way we watch movies is changing a lot because of digital distribution. Here’s how it’s happening:
Streaming Subscriptions: In 2023, streaming services made over $40 billion! Netflix and Disney+ are the biggest players in this game.
Viewership Trends: About 80% of the time people spend watching movies is on streaming services. This is big since traditional movie theaters have lost around $5.2 billion in ticket sales since 2019.
Day-and-Date Releases: Movies like "Wonder Woman 1984" and "Dune" came out at the same time in theaters and on streaming. This new approach could boost total earnings by 20%.
These changes show how we’re moving more toward digital. This is also changing how movies make money in Hollywood.