Read more on this subject: Holidays
News Story Source: https://www.zerohedge.com by Tyler Durden
It could be the final death blow for a theater industry that has undergone severe stress due to the Covid-19 pandemic this year.
Included in the list of films for next year will be major features, like the next installment of the Matrix series and DC Comics movie "The Suicide Squad", according to Bloomberg.
Theaters used to have exclusive rights to films for up to three months, the report notes. But now, with most theaters either shut down or barren, studios are starting to shift their business models to protect the money they've invested in major films. Ticket sales are down 78% this year to $2.2 billion, according to Comscore.
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