In the three weeks since its VOD release in the US, Trolls: World Tour has made over $95 million in digital rentals with another few million coming from digital soundtrack sales. Both AMC Theatres and Universal would be hit hard if next year's ninth installment weren't released in AMC's 1,000 theaters around the globe.
The results for "Trolls World Tour" have exceeded our expectations and demonstrated the viability of PVOD. According to The Wrap, Trolls World Tour was produced for $90 million and has already generated more revenue domestically than its predecessor.
Cinemas face significant challenges ahead in an age of social distancing, and it's easy to see why they're so protective over the traditional release window between studios and theaters.
The day-and-date digital release revolution had been attempted and failed many times in the past, and the reason was simple: You just don't make enough money on home release. The movie went on to make $100 million United States dollars in rental fees. The Wall Street Journal reports that the movie has amassed almost five million digital rentals and, as a result, it's earned more revenue than its 2016 predecessor did during its five-month run in theaters.
Former Liverpool star Michael Robinson loses skin cancer battle aged 61
We are grateful to you. "You'll Never Walk Alone, Michael". "Rest in peace", former Liverpool midfielder Xabi Alonso tweeted. Robinson won the award for best current affairs program at the 2009 Premios Ondas for his show 'Informes Robinson '.
Kanye West bickers with Forbes via text over billionaire status
In total, his GOOD Music and the rights to his back catalogue is worth at least $90 million (£73 million), Forbes said. However, although Forbes has confirmed Kanye as a billionaire, there is speculation as to whether or not Dr.
World Health Organization chief says 'worst' of coronavirus pandemic is still to come
Tedros called on tech companies to help reach people with phone text messages on Covid-19, starting with Asia-Pacific. "Trust us. The worst is yet ahead of us, let's prevent this tragedy", he said.
AMC, meanwhile, escalated the conflict to the next level by announcing that it would be barring Universal Pictures films from its more than 1,000 theaters, starting immediately. The decision to ban all Universal movies came after Universal's CEO Jeff Shell gave an interview to The Wall Street Journal celebrating the success of the direct to streaming release of Trolls World Tour. AMC chairman and CEO Adam Aron cited Shell's comments in his letter to Universal chairman Donna Langley. Nearly five million people rented the movie. One has to wonder what is going on in the Regal and Cinemark war rooms right now, as the country's second and third-largest theater chains debate whether they should join AMC Theatres in condemning Universal, or attempt to profit from the fact that their biggest competitor will no longer be carrying Universal films.
But it also echoed Mr Shell's earlier comments and reiterated its plans to release future films on multiple platforms.
"By chance, this series isn't constantly pointed absolutely at Universal out of arousing or to be correctional in any capacity, and it moreover stretches out to any film creator who singularly surrenders present-day windowing rehearses missing superb confidence dealings between us, with the goal that they as the merchant and we as exhibitor both preferred position nor are harmed from such changes". He went on to add that Universal is straight-up banned from AMC now.
Late Tuesday, Universal responded it was disappointed with the AMC and North Atlantic Treaty Organisation statements. And as such, Universal is not abandoning that approach, but it now has other options available as well. "As we stated earlier, going forward, we expect to release future films directly to theaters, as well as on PVOD when that distribution outlet makes sense".