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Posted On: 07/28/2020 7:15:14 PM
Post# of 96881
This is the best news possible.................but only if David can deliver. I just noticed the terms of the Universal/AMC deal. After the 17 day theater run when Universal puts the new release film on VOD the rental fee must be at least $20.00 !!!!!. Can you imagine the mega profits to be made by NTEK per movie rental if we are able to strike a deal with Universal for these first run titles.
The new multi-year AMC Univesal deal will allow Universal's films to hit premium VOD within three weeks of their theatrical debuts, a move expected to ripple throughout the film industry.
Financial terms weren't disclosed, but Aron says the company will "share in these new revenue streams." And Universal has to put the films on premium VOD (usually a rental fee of at least $20), rather than selling or renting the films for $3-$6.
The new multi-year AMC Univesal deal will allow Universal's films to hit premium VOD within three weeks of their theatrical debuts, a move expected to ripple throughout the film industry.
Financial terms weren't disclosed, but Aron says the company will "share in these new revenue streams." And Universal has to put the films on premium VOD (usually a rental fee of at least $20), rather than selling or renting the films for $3-$6.
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