The coronavirus has had incredible impact on the world and now may be altering the future of the film industry.
Universal To Make Films Available At Home
In an un-precedented move, America's oldest film studio, Universal, officially announced they will break the Hollywood release window and will be making their current films watchable online upon release. Typically, studios agree to a 90-day window of exclusively releasing to theaters but major studios like Disney and Universal are having their hands forced.
"Given the rapidly evolving and unprecedented changes to consumers' daily lives during this difficult time, the company felt that now was the right time to provide this option in the home as well as in theaters."
Hollywood Adapting to Coronavirus
Because of theater closures around the world and Coronavirus quarantining, the US Box Office reached a 20-year low. This bold but necessary move may have deeper implications for Hollywood and the film industry. Many believe streaming platforms will inevitably overshadow theater going and this break in the 90-day exclusive release window may be the first big step.
Universal will be making their anticipated films The Hunt, The Invisible Man, and Trolls World Tour accessible via streaming for a rental fee of $19.99. They have even postponed their Fast & Furious sequel release by 1 year as to not risk losing the potential box office sales of the hit series.