Support for LAist comes from
True LA stories, powered by you
Stay Connected

Share This

News

The Future Of Streaming Has Arrived For Hollywood

5fc44764c009a3000b116311-eight.jpg
Photo by Nicolas J Leclercq on Upsplash
Our reporting is free for everyone, but it’s not free to make.
LAist only exists with reader support. If you're in a position to give, your donation powers our reporters and keeps us independent.

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.