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Amazon made its read out online by becoming the go to destination for books and online shopping. The company is now the dominant read out in ebooks, as skillfully as a huge player in streaming video and music. More recently, Amazon has established to break forgive from the tubes of the internet and make a splash in the visceral realm bearing in mind its own bookstores and its purchase of combined Foods last year. But Amazon isn't stopping there. The Seattle-based company is now looking to increase theaters to its list of offerings, as it is in the supervision to acquire Landmark Theaters.
According to Bloomberg, Amazon is one of several potential buyers for the company owned by Mark Cuban and Todd Wagner. Landmark Theater's owners have apparently been looking into a realizable sale, and Amazon is one of the names in the supervision to purchase the theater chain. As of right now, there are talks, but nothing is final. But should things become resolved and a lot of hurdles be jumped, Amazon would continue its shove into the brick-and-mortar tone bearing in mind its certainly own theater chain that currently is comprised of 50 theaters in 27 markets and is known mostly for showing indie flicks and foreign films.
Amazon is already a huge content distributor and producer, thus this would find the money for the company substitute distribution channel, but one in the visceral tone bearing in mind locations in major markets roughly the country. Amazon now has its own film studio, and bearing in mind its own distribution network of theaters, Amazon Studios could acquire its indigenous movies in theaters, getting them greater visibility and qualifying them for awards consideration, without needing to pay distribution fees to supplementary exhibitors.
However, there is a massage to Amazon, which owns a movie and television studio, visceral accomplished to moreover own a chain of theaters. During the Golden Age of Hollywood, the industry operated under the studio system, wherein primarily five major studios had a monopoly over distribution and controlled exhibition of their films. under this model of vertical integration, theater chains might and no-one else play a part films made by the movie studio that owned them. thus you would go to a Paramount theater for a Paramount film, for example. This model was struck beside in the landmark 1948 resolved Court exploit U.S. v. Paramount Pictures. That decision, known as the Paramount Decree, led to the production, distribution and exhibition model we have today.
That brings us put up to to Amazon. As the owner of a movie studio, Amazon would theoretically be barred from owning its own theater chain. However, the Justice Department recently said that the decree, which turned 70 this year, may no longer be applicable or effective, and may be terminated. thus it is realizable that if Amazon does purchase Landmark Theaters, it could set a supplementary paradigm.
In the past, Amazon has been more satisfying than Netflix to theatrical runs prior to streaming for its indigenous movies, but this would find the money for the company distribution rule at merged levels. It makes wisdom that this would be the next-door analytical step for the company, and Netflix seems to have had the same idea. As we have seen, Netflix and Amazon have both increased their indigenous content offerings to reduce reliance upon licensing content from supplementary producers. In the world of streaming, you are increasingly seeing a focus upon owning content and distribution, thus it makes wisdom that the visceral realm would be next.
Now the and no-one else question is, will an Amazon Prime membership acquire you resolved movie tickets at Amazon theaters? Stay tuned to CinemaBlend and we'll save you updated upon this description as it develops. For all the biggest movies heading to theaters this year, check out our pardon schedule.
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