Hollywoods summer blockbuster season comes with a side of studio angst – Fox Business
Movie theaters are slowly reopening a year after COVID-19 shutdowns.
LOS ANGELES — At a multiplex here Wednesday, Arnold Schwarzenegger led a pep rally for big-screen films ahead of the summer movie season.
"We want to bring the big screen back. That's what this is all about," said the "Terminator" star and former California governor, who led part of the small, socially-distanced crowd in chants of "We are back! We are back!"
The fact that moviegoing -- a more than $11 billion-a-year domestic business pre-Covid-19 -- needed a pep rally speaks to Hollywood's odd reality these days. It both wants people to rush back to the movies and watch them at home via streaming services.
AT&T Inc.'s streaming-driven spinoff of WarnerMedia on Monday is the latest development in ...