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Coronavirus Movie Theatre Reopening Thread | Release Date Changes/Production News | Theaters are dead. Long live streaming!

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Chicago just issued a "Shelter In Place" order.

I have a sick feeling we have lost every inch of ground we gained since April. And we are know who to thank for that. Thank the  powers that be he won't be around much longet.

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Well Disney just released new subscription numbers for Disney plus. They are up to 73.7 million subscribers now. Those are astonishing numbers after only one year and it equates to about 588m each month that they are making off the site. If theaters do indeed have trouble ever making it back to what they once were Disney can easily just transfer all the movies they had planned and just turn them into tv shows. With the kind of money they are making off the streaming service they could probably even afford to put a new Star Wars and Marvel movie with just as high of budget as a theatrical release would have on Disney plus every other year or so.

 

 

Edited by RockyMountain
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12 hours ago, dudalb said:

Chicago just issued a "Shelter In Place" order.

I have a sick feeling we have lost every inch of ground we gained since April. And we are know who to thank for that. Thank the  powers that be he won't be around much longet.

Not really any better in Europe is it?

 

So that explanation might not be sufficient.

 

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4 hours ago, RockyMountain said:

Well Disney just released new subscription numbers for Disney plus. They are up to 73.7 million subscribers now. Those are astonishing numbers after only one year and it equates to about 588m each month that they are making off the site. If theaters do indeed have trouble ever making it back to what they once were Disney can easily just transfer all the movies they had planned and just turn them into tv shows. With the kind of money they are making off the streaming service they could probably even afford to put a new Star Wars and Marvel movie with just as high of budget as a theatrical release would have on Disney plus every other year or so.

 

 

 

73,7 * 7$ = 516m, and that's before taking off all the costs. Running infrastructure for the service is far from free, not to mention production of new items. Also assumes everyone uses the monthly subscription and not the cheaper yearly one.

 

 

Edited by Thomas Beck
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5 hours ago, Thomas Beck said:

 

73,7 * 7$ = 516m, and that's before taking off all the costs. Running infrastructure for the service is far from free, not to mention production of new items. Also assumes everyone uses the monthly subscription and not the cheaper yearly one.

 

 

My monthly membership is 7.60 now so they likely upped the price just a little bit since when it started.

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10 hours ago, RockyMountain said:

Well Disney just released new subscription numbers for Disney plus. They are up to 73.7 million subscribers now. Those are astonishing numbers after only one year and it equates to about 588m each month that they are making off the site. If theaters do indeed have trouble ever making it back to what they once were Disney can easily just transfer all the movies they had planned and just turn them into tv shows. With the kind of money they are making off the streaming service they could probably even afford to put a new Star Wars and Marvel movie with just as high of budget as a theatrical release would have on Disney plus every other year or so.

You do not use the 7 dollars subscription rate to calculate revenue. You have to remember there are millions of people paying for the service in countries where the service is cheaper and million subbed to it for free. ARPU is $4.52 which equates to $333 mil.

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What is the current total number of unreleased blockbusters that would normally be expected to open above USD50m?

 

It must be at least 25+ fully completed films just sitting on the shelf. Plus they’re still shooting films. 

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Washington state is shutting down movie theaters again. Really not a surprise at this point and it’s definitely necessary, but it still sucks for my local theaters that only got two weekends of business (well, four weekends for the pub cinema, but still) before having to shutter again.

Edited by Webslinger
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15 hours ago, DeeCee said:

What is the current total number of unreleased blockbusters that would normally be expected to open above USD50m?

 

It must be at least 25+ fully completed films just sitting on the shelf. Plus they’re still shooting films. 

I don't like the term blockubster because we don't know for sure if a film will be a blockbuster or not until it oepns, but  the number of unrealesed major films is way more then 25.

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Well as of Tuesday midnight Queensland is allowing all indoor seated events including cinemas to 100%. doubt they’ll get close but this also means a full house for the state of origin match this Wednesday.  Will be the biggest crowd in the world since March I think. 
 

for reference we have 8 cases active all in hospital. 

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On 11/13/2020 at 1:08 AM, RockyMountain said:

Well Disney just released new subscription numbers for Disney plus. They are up to 73.7 million subscribers now. Those are astonishing numbers after only one year and it equates to about 588m each month that they are making off the site. If theaters do indeed have trouble ever making it back to what they once were Disney can easily just transfer all the movies they had planned and just turn them into tv shows. With the kind of money they are making off the streaming service they could probably even afford to put a new Star Wars and Marvel movie with just as high of budget as a theatrical release would have on Disney plus every other year or so.

 

 

In addition to the subscriber income limitations that others covered, I wanted to mention that there are contractual restrictions that are in play here as well. It is not as easy as Disney just deciding to move films from cinema to D+.

 

For example, ScarJo has a clause in her contract that gives her a chunk of the back end on BW. This is going to guarantee either a theatrical run or Disney will have to renegotiate with ScarJo and compensate her some other way. If I'm a Disney exec, given the current situation I don't want to open that can of worms and would rather hold the film until they can release it and recoup as much of the budget as they can. PVOD can come after.

 

I'm sure there are more than a couple of people who have similar clauses in their contracts. The bottom line is that if Disney does relegate itself to using D+ as the primary monetization stream it is going to have an impact on the finished product. You are simply not going to get a 200M tent pole releasing exclusively on D+ any time soon.

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The NSW State budget today has $100 food and entertainment vouchers for all adults. 

 

$50 for restaurants/cafes and $50 for entertainment such as cinemas, theatre, live music and amusement parks.

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Quote

 

Other exhibitors have opted to call it quits until there is a more regular flow of potential blockbusters to highlight. Cineworld, the world’s second-largest exhibition chain, shuttered its U.K. venues and the U.S. theaters it operates via its Regal arm in October, citing the lack of movies available to screen. The company isn’t sure when it will turn the marquee lights back on. But even if “Wonder Woman 1984” stays put in December, Cineworld CEO Mooky Greidinger suggests that won’t be enough of an incentive to resume business.

 

“We can’t open the cinemas just for one movie, as big as ‘Wonder Woman 1984’ will be,” Greidinger says. “Once there is a clear lineup, we will reopen. … We should do it when we know we are moving on solid ground. We’re bleeding much less when we are closed than when we are open.”

 

 

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39 minutes ago, RockyMountain said:

Well looks like the final deathblow to theaters has been done now that it has been announced that WW84 is going straight to HBO Max. Disney will likely announce that Black Widow will be going straight to Disney +.

 

It's the blow to make theaters likely niche over mainstream in the domestic market...and it kills the bail out hopes even more than they've already been killed.  If industry doesn't want them much, they aren't gonna lobby on their behalf, and there's already not many folks lobbying on the "save theaters with fed money" side...

Edited by TwoMisfits
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6 hours ago, RockyMountain said:

Well looks like the final deathblow to theaters has been done now that it has been announced that WW84 is going straight to HBO Max. Disney will likely announce that Black Widow will be going straight to Disney +.

It's going to be playing in theaters (at least wherever they're open) in addition to HBO MAX. Also there was confirmation in the Deadline article earlier about Cruella possibly going to + that Black Widow isn't going to streaming (most likely because Feige and ScarJo would need to be on board with it and the former has already made it clear he isn't).

 

Meanwhile, while we were down, states are already closing up theaters again. Illinois announced the other day they are closing indoor entertainment including theaters again starting this weekend, while LA might have a new stay-at-home order by the end of weekend. 

 

https://deadline.com/2020/11/los-angeles-county-highest-number-daily-new-coronavirus-cases-since-july-with-nearly-4000-1234618147/

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Article about some independent cinemas on the NSW South Coast. This time last year they were heavily impacted by bushfires. 
 

The Gala Twin Cinema is an interesting one. It was actually once a much larger theatre when opened in 1948. Now the main theatre is just the upper level of the original theatre. 
 

https://www.abc.net.au/news/2020-11-19/wollongong-south-coast-cinemas-innovate-to-beat-covid/12895062

 

Cinemas and the film industry in general in Australia. 
 

https://mobile.abc.net.au/news/2020-11-16/filmgoers-hold-ticket-to-saving-australias-cinemas/12886600?nw=0

 

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