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Economics

Study Notes

What future for cinemas in a world dominated by Netflix and Amazon?

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Established cinema chains in the UK such as Vue, Odeon, Cineworld and Everyman are clearly under competitive threat from the rise to scale and prominence of digital streaming platforms such as Netflix and Amazon Prime. The same is true in many other countries.

By some estimates in 2018 Netflix will have released nearly 60 films and some directors such as Paul Greengrass have opted to go straight to streaming and release their films on Netflix rather than go for wider distribution in theatres. In the third quarter of 2018, Netflix had over 137 million streaming subscribers worldwide.

What future for cinemas in a world dominated by Netflix and Amazon?
Revenue generated by Netflix from 1st quarter 2011 to 3rd quarter 2018 (in million U.S. dollars)
Global box office revenue of the most successful movies of all time as of November 2018 (in million U.S. dollars)

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