Netflix isn't killing movie theaters: Viewers who stream more also go to cinemas more

Authored by cnbc.com and submitted by feb914
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Last year, the domestic box office had a record-breaking year, hauling in $11.9 billion, there was a 5% rise in the number of movie tickets sold, and 263 million people — 75 percent of the population — saw at least one movie in theaters.

At its current pace, Pachter expects the U.S. box office will grow about 1% to $12 billion this year, another record.

"Everyone has a kitchen, but everyone still goes out to eat," Charles Rivkin, CEO of the Motion Picture Association of America, said, quoting Sterling Bagby, the late co-founder of B&B Theatres, during a "State of the Industry" panel last week.

Rivkin said that with each new innovation in the entertainment industry, there has been worry that it will kill the movie industry. Talking pictures, technicolor movies, television, basic cable and smartphones were all seen as disruptors.

"And yet we're still here," Rivkin said.

Rivkin took the helm of the MPAA in 2017 and has embraced Netflix. The streaming platform was the first of its kind to join the MPAA and now sits alongside Disney, Paramount, Sony, Fox, Universal and Warner Bros.

"The theatrical and home entertainment sectors both grew strongly in 2018, and that's great news, because we are all part of the growth together," he said.

D33GS on April 8th, 2019 at 15:20 UTC »

AMC's A-list got me going to the theater more. When you can see 3 movies a week for $20/month it's pretty hard to pass up going.

Edit: Link to AMC's Alist Page

zombieChan on April 8th, 2019 at 15:07 UTC »

I always hate the argument that Netflix is killing theaters. I love Netflix yet I go to the theater 4-6 times a month. Maybe there's something else hurting theaters, maybe the price of foods/tickets and that some theaters don't instantly kick out people making a disturbance in the theater.

More theaters need to have rules like Alamos Drafthouse.

_-OlllllllO-_ on April 8th, 2019 at 15:01 UTC »

Steamed hams.