Hollywood Studios Are Forcing Movie Theaters to Rethink Their Traditions
Friday morning, Bloomberg reported that several Hollywood studios are planning to launch a premium video streaming service without asking movie theater chains for a thumbs-up first.
In an age of falling DVD sales and lower foot traffic at the box office, major studios including Time Warner (NYSE: TWX) division Warner Bros. and Comcast's (NASDAQ: CMCSA) Universal Studios are discussing new streaming ideas with Apple (NASDAQ: AAPL) and the cable side of Comcast, according to the report.
Image source: Getty Images.
Source: Fool.com
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