Transcript

Why Coronavirus Might Forever Change The Way We Watch Movies · Direct From Hollywood with Ryan Seacrest

0:00
Speaker 1: Direct from Hollywood with Ryan Seacrest. When this quarantine ends,
0:04
Speaker 1: the way we watch movies maybe forever change. It's all
0:07
Speaker 1: due to some cute and colorful creatures with serious musical chops,
0:10
Speaker 1: The Trolls. NBC Universal, the company behind Trolls World Shore
0:14
Speaker 1: with j T and Anna Kendrick, was forced to make
0:16
Speaker 1: a tough decision following the pandemic and opted to release
0:18
Speaker 1: it on video on demand and skip its traditional theatrical relief.
0:22
Speaker 1: The film has since gone to gross over a hundred
0:24
Speaker 1: million bucks in its first three weeks of release, which
0:26
Speaker 1: is almost on par with a hundred sixteen million the
0:28
Speaker 1: first Trolls, which was in theaters over its entire run.
0:31
Speaker 1: It ended up breaking in about one hundred fifty six
0:34
Speaker 1: million dollars total. So the thing is theaters and film
0:37
Speaker 1: companies typically split profits fifty fifty, so in reality, the
0:40
Speaker 1: sequel is already more profitable for NBC Universal. So will
0:44
Speaker 1: you see more movies open just like that on demand?
0:47
Speaker 1: When you look at the economics, it might make sense
0:50
Speaker 1: that's direct from Hollywood.