Can movies’ business model survive?

Everywhere you look in the entertainment world these days, you see more and more people crossing the digital divide, using a staggering array of new devices to read books, watch TV shows, listen to music and, yes, even read the newspaper. Amazon recently announced that it now sells more e-books than it does hardcover editions. Fewer folks seem to watch TV shows when they actually air, either saving them on TiVo, as I do, or watching them on Hulu, as my son does.

When Arcade Fire's new album, "The Suburbs," debuted last week at No.1 on the Billboard album chart, 62 percent of the album's sales were as digital downloads, more than twice as many as the band's last album had in its first week of release in 2007.

The one entertainment business that seems largely immune to all this dramatic change: the movie business. In Hollywood, the maxim seems to be: If it ain't broke, don't fix it. Even though DVD revenues are in decline, movie theater revenue is up again this year (though actual attendance is down slightly). Audiences continue to flock to see films the way the industry wants them to - in theaters with big screens and popcorn at the concession stand.

Read more: http://www.miamiherald.com/2010/08/18/1781264/can-movies-business-model-survive.html#ixzz0x1HGLBJ6

Film Business, Hollywood


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