Why aren’t studios releasing more films that were meant for cinemas on the small screen?
Disney | Marvel
Even Universal's "Minions: The Rise of Gru," an animated family film, which was delayed because its production schedule was interrupted due to the coronavirus social distancing restrictions shutting down its French studio location, is still seeking a theatrical debut once it is able to be completed. "It's just economics," Wedbush's Pachter said. "If a movie costs $100 million to make, the rule of thumb is that it needs at least that much in domestic box office, plus all the other windows to break even."Another reason studios are sticking to theatrical releases instead of swapping over to on-demand streaming is the Academy Awards.
Earlier this week, Warner Bros. pushed "King Richard," a biopic starring Will Smith as Venus and Serena Williams' father, to November 2021 from November 2020.
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