If there’s anybody you’d think would be among the first to proclaim that Netflix and its rival streaming services are eating away at the business of traditional movie theaters, the theaters and movie distributors would be at the top of your list, right? Surely, they’d be the first to acknowledge that Netflix alone — which is spending several billion dollars just this year on commissioning new content and licensing third party shows and movies — is giving people another reason to stay home and avoid the crowds, sticky floors and expensive cinema tickets. Right?
Turns out, the idea that Netflix is killing movie theaters is a pretty easy myth to knock down. That’s based in part on the slew of billion-dollar blockbusters teed up for 2019, like Avengers: Endgame coming later this month, which is expected to help propel the US box office this year to a record $12 billion.
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Thanks to hits like ‘Avengers: Endgame,’ movie theaters have nothing to fear from Netflix originally appeared on BGR.com on Tue, 9 Apr 2019 at 19:06:55 EDT. Please see our terms for use of feeds.
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