ViacomCBS CEO Bob Bakish told Wall Street on the company's second-quarter earnings conference call on Thursday that the company remains committed to the theatrical window, but also said windows will likely shorten, with new business models becoming more common.
Asked about a reduced 17-day theatrical window that fellow exhibitor AMC Theatres and Universal Pictures recently struck an agreement for, he said Paramount "is an incredible asset" with a "powerful collection of IP" and "massive library." Amid the coronavirus pandemic, he said the studio has been "focused on protecting asset value" by saving key films, such as Top Gun Maverick, for 2021, which should be "healthier" for cinemas and the box office andmonetizing others, such as Love.
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