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Movie studios discussing premium download deal with Apple, Comcast

Published 08/18/2017, 11:22 AM
Updated 08/18/2017, 11:22 AM
© Reuters.  Movie studios discussing premium download deal with Apple, Comcast
  • Bloomberg reports that movie studios are considering offering digital download deals to Apple (NASDAQ:AAPL) and Comcast (NASDAQ:CMCSA) after stalled negotiations with theater chains.
  • Studios and theaters were trying to come up with a deal to create a premium download product priced between $30 to $50 that would offer home viewers movies a few weeks after initial release.
  • Studios want a new revenue stream to offset declining DVD sales and offered theater chains a cut for agreeing to trim the exclusivity window.
  • Bloomberg sources say a deal with Apple and Comcast could happen early next year.
  • If those deals work out, studios can tell theaters to agree or the studios will still do the download products anyway.
  • Previously: AMC looking to block MoviePass service after price slashing (Aug. 15)
  • Now read: TGIF - Market Ends Week On A Rough Note


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