Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Entertainment News / Streaming players owned last year, as cinema halls bled poorly
  • Entertainment

    Streaming players owned last year, as cinema halls bled poorly

    Shubham Dasgupta
    Written by
    Shubham Dasgupta
    Mail
    Last updated on Jan 03, 2021, 08:04 pm
    Streaming players owned last year, as cinema halls bled poorly
  • In 2020, cinema halls have been hit hard, thanks to the COVID-19 pandemic.

    The safety norms in place made it mandatory for theater owners to keep shutters down for almost the entire year.

    When some of those finally reopened, people were too scared to venture out of the homes, throng the theaters, and socialize.

    That's where the alternatives came in and started ruling business.

  • In this article
    Stocks on Wall Street reflect the pathos of cinema brands Vaccine response: Cineworld may open in March this year Streaming platforms lapped up big releases, owned 2020 royally Surging stock prices of streamers proved their dominance this year 'No streaming war, there's been streaming coexistence and parallel growth'
  • Details

    Stocks on Wall Street reflect the pathos of cinema brands

    Stocks on Wall Street reflect the pathos of cinema brands
  • Stocks on Wall Street show an extremely bleak future of some of the world's top theater distribution brands such as Cinemark, Cineworld, and AMC Theatres.

    As of December 30, 2020, stocks of AMC Theatres, which may be cash-strapped soon, are down 67% to $2.15, while AMC Networks has its shares down 12% to $35.47.

    Similarly, Cinemark has its stock price down 48.7% to $17.78.

  • Reopening soon

    Vaccine response: Cineworld may open in March this year

    Vaccine response: Cineworld may open in March this year
  • Cineworld, which closed operations in the US and the UK on October 7, has its shares fallen 70% to $1.20.

    The brand has announced that it will reopen in Q1 2021 in response to the early arrival of the COVID-19 vaccine.

    In their recent announcement in response to WB's 2021 film slate, Cineworld expressed hope for "an agreement about the proper window and terms."

  • Alternative

    Streaming platforms lapped up big releases, owned 2020 royally

    Streaming platforms lapped up big releases, owned 2020 royally
  • Do note that even though theaters were closed, audiences still watched new releases.

    How? Enter streaming platforms.

    Crowd pullers such as Russell Crowe's Unhinged have gone to Zeeplex after a brief pandemic theater run, while George Clooney's The Midnight Sky and Viola Davis's Ma Rainey's Black Bottom are Netflix products.

    To better understand their dominance this year, check their stunningly surging stock prices.

  • OTT mantra

    Surging stock prices of streamers proved their dominance this year

    Surging stock prices of streamers proved their dominance this year
  • Netflix had its stock up 61.3% on December 30, while digital streaming hardware brand Roku and music streamer Spotify had their shares rising 143% and 108% to $338.74 and $319.35, respectively.

    Walt Disney Co., which had a meteoric rise of its streamer Disney+ from a modest start in November 2019 to 73.7mn subscribers by Q4 of 2020, had shares up 24.3% to $181.75.

  • Quote

    'No streaming war, there's been streaming coexistence and parallel growth'

  • "Instead of a streaming war, there's been streaming coexistence and parallel growth," pointed out Dritan Nesho, chief executive, HarrisX, a market-research firm, noting Disney+, a relatively new player, grew exponentially without putting any dent in the authority enjoyed by seasoned players like Netflix and Hulu.

  • Hulu
  • Hollywood News
  • Netflix
  • Disney
  • George Clooney
  •  
Latest News
  • India vs England, Third Test: England lose four wickets
    India vs England, Third Test: England lose four wickets
    Sports
  • Unnao survivor confirms poisoning, denies sexual assault in statement: Police
    Unnao survivor confirms poisoning, denies sexual assault in statement: Police
    India
  • Second phase of coronavirus vaccination to start from March 1
    Second phase of coronavirus vaccination to start from March 1
    India
  • Indian Super League 2020-21: Key details about the playoffs
    Indian Super League 2020-21: Key details about the playoffs
    Sports
  • Western Railway is facing a Rs. 5,000 crore loss: Details
    Western Railway is facing a Rs. 5,000 crore loss: Details
    India
Related Timelines
  • Reddit's WallStreetBets goes private; banned on Discord for 'hate speech'
    Reddit's WallStreetBets goes private; banned on Discord for 'hate speech'
    Business
  • Tamil Nadu government allows 100% occupancy in cinema halls
    Tamil Nadu government allows 100% occupancy in cinema halls
    Entertainment
  • COVID-19: Disney to lay off 32,000 workers in early 2021
    COVID-19: Disney to lay off 32,000 workers in early 2021
    Entertainment
  • Aamir Khan steps out to watch 'Suraj Pe Mangal Bhari'
    Aamir Khan steps out to watch 'Suraj Pe Mangal Bhari'
    Entertainment
Trending Topics
YouTube Hollywood News Netflix Bollywood News Batman Marvel Comics Avengers Neha Kakkar Mena Massoud Big Bang Theory X-Men Shloka Mehta Ambani Daft Punk
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Entertainment news?

Subscribe to stay updated.

Entertainment Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News Facebook YouTube Hollywood News WhatsApp Netflix Bollywood News ISRO Spotify Yoga
Honda Batman Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota
Fashion Tips Ishant Sharma Farmers Protest Mercedes Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Robert Lewandowski
Marvel Comics Avengers Neha Kakkar Mena Massoud
About Us Privacy Policy Terms & Conditions Contact Us News News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021