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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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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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