All theater chains suffered from the same lack of vision. Recognizing the danger of relying solely on studio content, Netflix started to create its own. Making matters worse, theater chains have been anti-consumer for a long time. That suggests investors are pretty skeptical.”In an April, 26 Forbes article, I predicted that entertainment giants might swoop in to take a stake in theater chains. It was a long time coming, and in many ways, it is the theaters’ own fault for their lack of vision.

Source: Forbes October 24, 2020 15:56 UTC