The issue of how Netflix fits into or threatens, the theatre business dominated a press conference on Tuesday at CinemaCon, the theatre industry trade show.
LAS VEGAS - As movie theatre owners converge on Las Vegas for their annual convention, one topic that keeps coming up is how they contend with a company that has resisted their traditional business model: Netflix Inc.
He insisted that Netflix and theatres can happily co-exist, citing data that showed the biggest consumers of streaming video visit theatres more often. He also said Netflix had helped revive interest in documentaries, which had helped draw people to theatres to see them. Hollywood publication Variety reported on Tuesday that the Department of Justice had weighed in on the issue.
Netflix is a member of the Motion Picture Association of America, the trade association for Walt Disney Co, AT&T Inc’s Warner Bros. and other movie studios.
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