Saw some interesting parallels in an article posted by the Hollywood Reporter this weekend, interviewing Barry Diller (Eisner's mentor at Paramount). Diller doesn't think the movie going experience is going to stay the same, and expects that most movie theaters will be closed and gone in 10 years time.
Relevant part (bold mind):
For traditionalists balking at the changes, the former Paramount Pictures and 20th Century Fox chief executive, who now leads IAC, said streaming isn’t all to blame. Instead, major companies have adjusted their strategies to focus too much on projects that can be made into sequels and franchises equipped with predetermined marketing budgets and merchandise, Diller said.
“It’s a viable strategy. Certainly it was for Disney. But that strategy became pervasive [and forced] out any other strategy, i.e. the development of a number of projects,” Diller said. Those changes, coupled with the pandemic and the rise of streaming, have resulted in what Diller described as the “irrelevance of ‘Hollywood'” and the sense that “nothing lasts very long.” He also zeroed in on Disney as an example of how the moviemaking business has changed to give those on the distribution or business side more power in determining where a movie goes, rather than the studios creating the film.
“When you think about that, that is a crazy idea,” Diller said. “You actually make a movie and you don’t know where it’s going. Is it going to streaming? Is it going to direct? Is it going to a theater? Or is it going to, you know, Sam’s Club?”
Barry Diller doesn’t think the movie business is “dead,” as a recent NPR story declared, but the traditional moviegoing experience will continue to transform, resulting in a loss …
www.hollywoodreporter.com
To me, this suggests that there is just a lot of confusion and uncertainty in Hollywood right now on the place streaming will have in the industry. Diller thinking the end of the movie going theater experience is nigh, would seem to suggest Chapek is right to push streaming experiences so high, even while the traditionalists are screaming not to. Of course it's only a good move if it works. If Chapek ends up burning a lot of relationships chasing what is *technically* the correct course of action, that can have broader implications down the line.