Under the deal all of Universal's movies will move to an on-demand video status just 17 days after their theatrical release at AMC Theaters.
Big-budget blockbusters will still enjoy long theatrical runs given they continue making bank at the box office. But the question remains: Did cinemas just escape extinction or hasten their own extinction?
We knew (all of us) that the exclusive theatrical release window was going to be a relic of the cinema industry the day Netflix began to stream movies.
The AMC/Universal deal provides a road-map for the other studios and exhibitors to follow. However, it all comes down to what consumers do. Movie-going may go back to the pre-virus level, but on the other hand, it may not. Regardless, the theatrical window is closing. It is up to cinemas to make going to the movies an experience unmatched at home or anywhere else.