The Theatrical Release Window: Will the Changes Last?
Streaming services and the pandemic are threatening to permanently change the basic economics and mechanics of the movie industry.
The "theatrical release window" — that period of time in which new movies are available only in theaters — has long been the defining factor for how and when audiences view feature films. For decades, you would have to wait three months after a movie was released in theaters before you could watch it at home.
With COVID-19, a traditional theatrical run has been nearly impossible. Because of this, studios have pursued other release avenues in an effort to recoup the cost of a film and test different direct to consumer strategies. Starting with "Wonder Woman 1984" last Friday, Warner Bros. will release all of its 2021 films simultaneously on HBO Max and in theaters. Disney has also made aggressive moves in the streaming world by releasing "Mulan" exclusively on Disney Plus, as well as announcing a slew of feature film titles that will live solely on their streaming platform. And with everything from revenue sharing economics to consumer data at play, the theatrical release window may see permanent changes.
So why is the traditional release window under attack -- and what do you really need to know about it? On this installment from our "dot.LA Explains" series, host Kelly O'Grady runs through the key factors that may impact whether this shift lasts.Watch to learn more about the theatrical release window, and follow us on Instagram for daily video content.
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Electric vehicle charging station provider EVgo is going public, joining a wave of companies in the electric vehicle industry hoping to ride on Tesla's soaring stock growth over the last year.
The Los Angeles-based startup, which operates a nationwide fast-charging network for electric vehicles, announced Friday it's going public through a merger with a special purpose acquisition company that will generate about $575 million in net proceeds.
The deal with the SPAC, Climate Change Crisis Real Impact I Acquisition Corp., values EVgo at $2.6 billion. Shares shot up more than 66% on the news.
In 2012, Evan Britton founded a website premised upon what the web arguably does best: help people obsess over celebrities.
Britton launched his first site in 1999 as a senior in college and has since made his living monetizing web clicks.
When he created Famous Birthdays as a sort of Wikipedia of celebrities nine years ago, Tiktok wasn't even born and Snap had barely launched. The term "influencers" had yet to seep into the mainstream. But as social media created a new form of celebrity, the site has morphed into a pillar of the teen-centric world of online personalities and creators.
In mid-March, a majority of companies had to send their employees home and tell them to stay there indefinitely. Most business owners were abiding by what they hoped would be a short-term situation. Few could have imagined 10 months ago that at the beginning of 2021 they would still lack a bonafide game plan to get back up and running. In fact, the longer this pandemic has dragged on, the more it's become clear that the typical, pre-pandemic workplace is not something we'll see again for quite some time.
Reflecting on what the country looks like today, it's a real possibility that in the not-too-distant future L.A. sets not only the stage but also a new standard for what a health-conscious commute and a productive work life looks like as a model for apprehensive Americans.
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