While UK box office in 2016 was the 2nd highest on record at £1.227B, admissions showed a 2% dip. However, the report also forecasts growth in admissions, from 172M last year to 179M in 2021, and a 9.6% increase in screen count to more than 4,500, The Guardian notes.
This is all happening at the same time as streaming services in the U.S. are having private discussions with the Hollywood studios to determine terms for a premium video on demand window. The hope is to bring major movies to streaming services even faster. Last week, National Association of Theater Owners’ Patrick Corcoran said the talks have been “fruitful.”
It has been reported for some time that Universal and Warner Bros are frustrated by the slow pace of negotiations and potentially move forward with plans to release movies more quickly by the end of this year.
Source: Hollywood Reporter
Please follow us on Facebook and Twitter for more news, tips, and reviews.
Need cord cutting tech support? Join our new Cord Cutting Tech Support Facebook Group for help.