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The Future Of Streaming Has Arrived For Hollywood
Photo by Nicolas J Leclercq on Upsplash
Even though the new Croods sequel opened to better-than-expected returns of $9.7 million over the weekend, streaming is clearly the future and the present for Hollywood.
The Hub Entertainment Research firm reports that viewers are streaming 60% more content than a year ago. And the average household subscribes to just under five different services.
Of course, there are more options than ever: When Paramount launches its new streaming site next year, there will be seven such platforms, including the new Peacock and HBO Max services.
November and December historically are some of the best months for box-office grosses. But films like the upcoming Wonder Woman sequel will debut digitally as well as theatrically, and even acclaimed movies such as Nomadland continue to postpone their premieres at the multiplex.
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
Senior Vice President News, Editor in Chief
