Where will the cinema industry be in five years? Ten years?
The cinema is anything but static. I believe producers, distributors, and exhibitors are doing everything they can to stay at the top of the entertainment heap. In the face of the strident competition the future of the cinema is one plagued with ups and downs, twists and turns, but then again, it has always struggled.
For example, AI is here, and its impact will be profound on the cinema; however, there will always be skilled and one-off thinking storytellers that will engage audiences on all media platforms. Film sets are uniquely energetic because they are created by humans with experience and ideas that excite and create. AI will be a reality for moviemakers to cope with, but the answer is for them to embrace and use it to their advantage.
Currently, I see the cinema in a growth phase - reinvigorated and ready to take on streaming media and actually prospering from it. Streaming, for the cinema, has become a hedge against box office failures as content is shown again and again on different streaming platforms earning license fees all along the way.
Could this be the future of cinema |
Streaming of episodic series like 'Squid Games' or 'Breaking Bad' is the media mode required but good films need to be viewed on the big screen and intellectually ingested in one viewing. Cinemas provide a premium experience unavailable elsewhere, and viewers have an option of screening formats - from IMAX to a local theater with 5.1 channel sound. But no matter where viewed the experience is fun and unlike anything available at home. Moviegoing doesn't have to be inexpensive, but people want and more importantly, need to be entertained at a reasonable price. Perhaps toying with charging different admissions for different movies.
The cinema will be here in 10, 20 ,30 years. People want and need to be entertained, and viewing a movie is, and will continue to be, the premium way to experience a film.
By: Jim Lavorato