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Theatrical Industry Faces Years of Pain and Wrecked Business Models, Top Investors Warn

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variety.com
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Patrick Frater Asia Bureau ChiefTwo top media investors and advisors this week warned of years of pain still to come in the U.S.

theatrical movie business. The disruption brought on by the coronavirus pandemic has accelerated some existing trends and already wrecked many studios’ business models.The woeful tidings for traditional cinema industry models were spelled out in graphic terms Wednesday by media advisor Michael Nathanson, senior analyst at MoffettNathanson, and by Peter Chernin, former chairman and CEO of the Fox Group, and current CEO of Chernin Entertainment.

They were speaking at APOS, the high-powered entertainment industry conference organized by consultancy Media Partners Asia, being held for the first time in a wholly.

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