AMC Strikes Major Deal With Universal Over Movie Release Schedule
AMC Entertainment (NYSE: AMC) and Comcast's (NASDAQ: CMCSA) Universal Pictures may have just forever changed the movie industry. On Tuesday, they announced an agreement that narrows the window of exclusivity on showing films in theaters and allows the partners to share the profits when movies are distributed to video-on-demand (VOD) platforms.
The two had been at loggerheads following Universal's decision earlier this year to bypass theaters and take its Trolls World Tour movie directly to VOD. Universal scored a major hit, leading AMC to declare it would never show another Universal movie in its theaters. But the agreement means we will likely see other studios and theater operators soon sign similar deals.
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Source Fool.com
