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Added on the 08/02/2018 17:39:17 - Copyright : Wochit
Netflix CEO Reed Hastings said that Disney+'s ability to cope with the pandemic and release new content is "super impressive." According to Business Insider Hastings is hoping that Netflix can catch up with Disney's family animation content, like "Soul." Netflix said it plans to expand on its 200 million subscribers as it improves it explores new distribution avenues.
After several tumultuous months, the quirky short-form video streaming service Quibi is calling it a day. Following earlier reports that Quibi had been courting potential buyers, company leadership appeared to be looking to offload the service onto someone else. Quibi bet big on its so-called Turnstyle technology that lets mobile users see two different perspectives depending on their phone’s orientation. But on Wednesday, Quibi founder Jeffrey Katzenberg notified investors that he was indeed shutting the service down mere months after launching in April. Gizmodo reports Katzenberg has repeatedly blamed the pandemic for Quibi’s failure to launch. However, Quibi failed to meet viewers where they preferred to watch--particularly after the launch of rival services like Peacock and HBO Max.
Regal Cinemas owner Cineworld says it is considering temporarily closing its theaters. CNN reports the news comes just a day after the latest James Bond film, "No Time to Die," was delayed until the spring of 2021. More than a dozen major films have either been delayed or skipped theaters altogether and gone digital, as in the case of Disney's 'Mulan.' Last month, Cineworld reported a loss of $1.6 billion in the first half of 2020 as revenue plunged by 67%. A spokesperson said Cineworld would update staff and customers on its decision 'as soon as we can.' It also warned of the need to raise more funds in case a second wave of coronavirus leads to more 'prolonged' shutdowns.
This weeks Movie Monday is all about the women in Hollywood, as the rumor mill has been turning yet again, promising three great roles for these stunning actresses.
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