Paphitis wrote:
Cinemas have been on the verge of bankruptcy here in Australia. Most have not been allowed to operate. This due to the pandemic of course.
But even then, we also have things like Netflix, Stan, HBO and Disney. The cinema is now in our living rooms.
And the Irishman is actually got the top spot on Netflix. It’s not surprising with the all star cast and it also appeals to the Scarface, Godfather and Goodfellas fans, such as myself. You can’t get better quality than this movie.
This movie won’t be losing any money. It’s a profit making venture and the producers will make millions in profit.
Before Netflix, they relied on the box office more. But today, I don’t think that’s even anywhere near as relevant as it use to be because of all the subscription services. They’ll make 159 million from Netflix alone in royalties.
I haven’t been to a cinema since the outbreak of Covid. So the landscape in cinematography has changed. Revenues at the box office would be a fraction of what they were pre Covid. And the box office now has the subscription services to compete with as well which would be cutting into their revenues even before Covid. The Americans know what the market is doing and how to exploit it and how to exploit the evolving landscape. Hence why they have Netflix. They own it and took us all down that road.
The industry they have there is by far the most advance. And it also has the largest market penetration by far. Exceeding anything by the French, Koreans and anyone else for that matter. The only other country that may enjoy similar penetration is not France, UK or Korea, but probably India. Maybe Bollywood can kind of come close in terms of market penetration but I can’t see anyone else competing with Hollywood. I know they are the second largest and growing at a rapid pace.
The Americans have a very tight grip across the globe. Also in Cyprus as well. The Americans rule the roost. All you have to do is ask Cypriot Youth what movies they watch and would like to see. 9 times out of 10, it’s American content. Not French, nor Korean nor British or Australian.
You obviously didn't read the link. Netflix bought the rights for 105 million. Do the remaining arithmetic yourself.
And what's all this blabber blabber about Netflix? For most of it's life it was buying low budget films, or ones that ceased showing. If Netflix is going to be the future, or the death of film making remains to be seen.
As for what kind of movies the Cypriot youth watch with their 850-1000 Euro salaries when they need 600 for rent alone, that's certainly not Netflix for the vast majority of them. Usually it's facebook and you tube laughing material .