It looks like more movies are coming to your living room sooner than ever before thanks to a new deal made today between Universal and AMC Theatres. The companies agreed to make Universal's movies available for video-on-demand just 17 days after the films were screened in the theaters.
Chair of Universal Filmed Entertainment Group Donna Langley said in a statement:
“The theatrical experience continues to be the cornerstone of our business. The partnership we've forged with AMC is driven by our collective desire to ensure a thriving future for the film distribution ecosystem and to meet consumer demand with flexibility and optionality."
AMC released an enthusiastic statement as well, as the entertainment industry navigates this new territory to find ways to keep the cash flowing. Before this agreement, a film would be shown in theaters for three months before it would be allowed to stream at home.
Our friend and entertainment reporter Jason Nathanson joined us from The Hollywood Hot Tub (TM, All Rights Reserved, all that other stuff, etc.) to discuss the agreement. The water's hot and the bubbles are big, so let's soak in the news!