Originally posted by Martin Brooks
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While I agree with Mike, the theater industry isn't dead, it's still important to keep in the back of your mind that the landscape keeps changing and probably at a faster pace than it did before. If you're the only one serving in a rather isolated market, time might be of the advantage to you, but if you're in a crowded market, it's clear that you need to continue to invest into some (not all) of the later trends to not lose to the competition.
The continuing struggle for the exhibition industry though, is obviously their dependence on the studios that bring them their movies. And it's that part that's struggling much more than the theater industry itself. I agree with Leo that the recent Oscars are just a writing on the wall. Hollywood is fading. While Disney did have a record-breaking year, let's not forget that this happened primarily due to one VERY big success and by simply being the biggest elephant in the room. If you look at the performance of Hollywood as a whole, I think you have to acknowledge that stuff simply isn't looking all that rosy at the moment.
But I think that at the core, there is still that thing that Mike pointed at: As long as Hollywood (or someone else) produces movies that people actually want to see, you'll still see people to go out and flock to the movie theaters. But that also implies that they're released there first.
The Irishman, which was mentioned earlier, is a good example. My personal belief is that part of not getting any good result at the Oscars may be the AMPAS members holding a grudge over this production largely bypassing Hollywood. Also, I don't think this is anywhere near Scorsese's best work. But had this movie seen a broad release in theaters, with a normal release window, I'm sure it would've done pretty well. It might not have been an Avengers movie, but I'm pretty sure it would've marked the Top 5 in many markets.
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