4/26/2023 0 Comments Amc theatres universal![]() ![]() “We are participating in the entirety of the economics of the new structure, and because premium video on demand creates the added potential for increased movie studio profitability, which should in turn lead to the green-lighting of more theatrical movies,” Aron said in a statement.Īron added that the deal “preserves exclusivity for theatrical viewing” for at least the first three weekend of a film’s release, “during which time a considerable majority of a movie’s theatrical box office revenue typically is generated. Universal and AMC are mending their frayed relationship in a deal that not only reverses the theater chain’s ban on Universal’s movies but also appears to upend the traditional exclusivity. “The partnership we’ve forged with AMC is driven by our collective desire to ensure a thriving future for the film distribution ecosystem and to meet consumer demand with flexibility and optionality.”įor AMC, it would seem that the world’s largest movie chain is throwing in the towel, but Adam Aron, AMC’s CEO, said in a statement that “AMC enthusiastically embraces this new industry model.” ![]() “The theatrical experience continues to be the cornerstone of our business,” Donna Langley, Universal’s chairman, said in a statement. AMC Entertainment, the world’s largest movie theater operator, said on Tuesday it would no longer play any Universal Studios films in any of its theaters globally. Under a multiyear agreement, Universal will offer AMC three weekends, or 17 days, for theatrical exclusivity on all Universal Pictures and Focus Features films. ![]()
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