Comcast's Universal Pictures to Offer New Releases Via Streaming
Traditionally, movie theaters get a 90-day exclusive window on new releases. That means films play in theaters for that period before they can go to pay television, streaming, or any other service.
That arrangement no longer makes sense, given that theaters are closing due to efforts to contain the coronavirus. Because of those closings and the fact that the box office numbers were dismal last week, Comcast (NASDAQ: CMCSA) has decided to make new releases from its Universal Pictures studio available via streaming while they still play in theaters.
Universal will offer its latest films via streaming. Image source: Getty Images.
Source Fool.com
