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Amazon is looking beyond the small screen with potential cinema chain

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Amazon could be looking to buying a chain of cinemas.

Image: Getty Images/iStockphoto

“Amazon has already established brick-and-mortar stores selling its products and groceries, and now it apparently wants a slice of the cinema business.

As reported by Bloomberg, Amazon is looking to acquire Landmark Theatres, which claims to be the largest cinema chain dedicated to independent and foreign films, with 52 theatres in 27 markets.

The e-commerce giant is reportedly working with other suitors to buy the chain from Mark Cuban and Todd Wagner-backed Wagner/Cuban Cos. There have been no decisions made, and with talks still to come, it’s not set in stone that a deal will go ahead.

The potential move into brick-and-mortar cinema echoes Amazon’s efforts to look further than its online presence in recent years, as evidenced by its real-life bookstores and its foray into checkout-free grocery shopping, Amazon Go, not to mention its $14 billion acquisition of grocery chain Whole Foods.

But Amazon’s potential entry into physical cinemas could help further sure up the profile of its Amazon Studios films, such as Manchester by the Sea, an Amazon Original which was nominated for an Academy Award for Best Picture in 2017.

Despite the accolades, there is general tension between newfangled streaming services and the film industry. These concerns are primarily directed to the biggest disrupter of them all, Netflix, which is aggressive in its stance to only show its own films on its service.

Steven Spielberg said earlier this year that Netflix films which either don’t show in cinemas, or only for a short time to satisfy movie awards criteria, shouldn’t get accolades like an Oscar.

“Once you commit to a television format, you’re a TV movie. If it’s a good show, deserve an Emmy, but not an Oscar,” Spielberg told ITV News.

“I don’t believe films that are just given token qualifications in a couple of theaters for less than a week should qualify for the Academy Award nomination.”

Although Amazon is also a disruptor, it sticks to convention when it comes to distribution. It runs movies in cinemas for months before they sit on Prime Video, and is public about ensuring its films screen in theaters.”

Read more: https://mashable.com/2018/08/16/amazon-cinema-landmark-theatres/

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Jeffrey Katzenberg’s streaming service Quibi books $100M in ad sales ahead of launch

Charmaine Blake

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“Quibi, the short-form video platform founded by Jeffrey Katzenberg, hasn’t even launched, but has already booked $100 million in advertising sales, according to a report from The WSJ this morning. The company, which aims to cater to younger viewers with premium content chopped up into “quick bites,” says it has already booked advertisers, including Protector & Gamble, Pepsi Co., Anheuser-Busch InBev, Walmart, Progressive and Google.

It still has around $50 million in unsold ad inventory ahead of launch.

It’s hard to imagine how a service like Quibi will compete in a market dominated by paid streamers like Netflix and free services like YouTube — both preferred by a younger demographic. But Quibi has been raising massive amounts of money to take them on. In May, it was reported that Quibi was going after another billion in funding, on top of the billion it had already raised………….”

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Tyler Perry & BET Partner Up For Streaming Service Offer

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“There are reportedly over 200 streaming services in the United States alone, and now Tyler Perry and BET want a piece of the pie. The media mogul and the popular urban network are planning to launch a new subscription-based streaming service called BET+. According to Deadline, they will offer TV shows and films from fellow Viacom flagships MTV, VH1 and Comedy Central. It’s believed that Perry will begin plugging the service and the forthcoming BET Awards.”

 

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‘Avengers: Endgame’ hits Disney+ in December

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That subscription just got so much more tempting.

Image: Film Frame Marvel Studios 2019

“Disney’s first major move in the streaming wars comes with a super-sized punch.

Announced Wednesday, Avengers: Endgame will be available to stream exclusively on Disney+ starting December 11 — a little less than a month after the new streaming platform debuts on November 12.

For dedicated Netflix, Prime Video, and Hulu subscribers with a love of the Marvel Cinematic Universe, that may mean adding another service to their monthly entertainment bill this winter.

At the time of launch, Disney+ will carry an initial subscription price of $6.99 per month — as well as be available at a discounted offering of $69.99 per year.

While it was anticipated that Disney would corner the market on streaming Marvel films, the exclusive streaming of Avengers: Endgame will likely prove a massive draw for customers.

At present, Endgame has made $2.27 billion dollars at the worldwide box office, making it the second-highest grossing film of all-time, after Avatar — and continues to climb towards that #1 spot. Disney+ is primed to make the most of their winning film, lining up a number of Marvel spin-off series for streaming exclusivity as well.

Viewers looking to own Endgame (and possibly see it sooner) can turn to Amazon, where it is already available for pre-order. While no official digital release date for Endgame has been announced, it is anticipated to arrive sometime this summer as its predecessor, Avengers: Infinity War, shared a similar release date and hit the digital shelf on July 31, 2018. ”

Read more: https://mashable.com/article/avengers-endgame-disney-plus-streaming/

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