The pandemic is changing Hollywood, maybe forever

“I don’t think the genie will ever be back in the bottle,” says veteran producer Peter Guber, president of Mandalay Entertainment and former chief of Sony Pictures. “It will be a new studio system. Instead of MGM and Fox, they’re going to be Disney and Disney+, Amazon, Apple, Netflix, HBO Max and Peacock.”…

While the nation’s second largest theater chain, Regal Cinemas, has resisted such deals, there’s widespread acknowledgement that the days of 90-day theatrical runs are over. It’s something the studios have long sought for the potential benefit of covering both platforms with one marketing campaign. Many see the pandemic as accelerating a decades-long trend.

“Windows are clearly changing,” says Chris Aronson, distribution chief for Paramount Pictures. “All this stuff that’s going on now in the business was going to happen, the evolution is just happening faster than it would have. What would have taken three to five years is going to be done in a year, maybe a year and a half.”