Source: Vulture
Summary
Netflix’s upcoming film “The Magician’s Nephew” will have a theatrical release, signaling a shift in the company’s approach to movie distribution. The fantasy adventure film, based on a novel by C.S. Lewis, will premiere in theaters before becoming available on the streaming platform. This move is seen as a significant step in Netflix’s efforts to improve its relationship with movie theaters. According to reports, the company is exploring more theatrical releases for its original content.
Our Reading
The announcement sounds ambitious.
Netflix is testing the waters with a theatrical release for “The Magician’s Nephew”. This move is part of the company’s efforts to mend its relationship with movie theaters. The film’s theatrical premiere will be followed by a streaming release on Netflix. This strategy is not new, but it’s a notable shift for a company that was once seen as a disruptor in the film industry. “The Magician’s Nephew” is just the latest example of Netflix’s attempt to have its cake and eat it too – or in this case, have its theatrical release and streaming revenue too.
Author: Evan Null
