×
You will be redirected back to your article in seconds

Lionsgate Vice Chairman Says Deal With Theaters on Early VOD Is Close

Lionsgate Vice Chairman Michael Burns has predicted that major film studios will reach a deal within a year with exhibitors on the launch of a premium video-on-demand window for new theatrical releases.

Burns, speaking at Goldman Sachs’ Communacopia Conference Thursday in New York, said that some kind of PVOD offering will be available to consumers “within 12 months” once details such as pricing and the length of time between a film’s theatrical debut and the early home entertainment offering are hammered out.

He also predicted that Disney may opt against participating at all, while Lionsgate will probably wait until the five other majors work out the specific terms and then go along.

“It’s good for us to be a fast follower,” Burns said. “We’re happy to be off to the side.”

The veteran executive, who has been with Lionsgate since 1999 and saw his contract extended last year to 2022, predicted that the current 90-day window between theatrical and home releases will be shortened to 17 days — giving exhibitors three weekends to show movies without competition.

As for the price point, Burns predicted that the suggested $50 would be perceived by consumers as being too expensive. “Fifty dollars is way too much,” he said.

But he added that it would make sense to reach a deal that will give moviegoers an option to going to multiplexes, noting that he had taken his 10-year-old son and and a group of friends to see “Wonder Woman” this summer — and that the excursion had cost more than $200.

Burns’ sentiments echoed those voiced on Sept. 8 by Paramount Pictures chief Jim Gianopulos, who made it clear at an investor conference that major film studios are working hard on finding a compromise with exhibitors on the launch of a premium VOD window for new releases.

“It’s inevitable,” Gianopulos said of premium VOD during his session at the Bank of America Merrill Lynch media conference in Beverly Hills, Calif. “At this point it’s now about what and when.”

More Film

  • Critics Week

    Cannes Critics’ Week Unveils Its Lineup

    Lorcan Finnegan’s science-fiction thriller “Vivarium” with Jesse Eisenberg and Imogen Poots, Jérémy Clapin’s fantasy-filled animated feature “I Lost My Body,” and Hlynur Pálmason’s Icelandic drama “A White, White Day” are among the 11 films set to compete at Critics’ Week, the section dedicated to first and second films that runs parallel with the Cannes Film [...]

  • China Box Office: 'Wonder Park' Fails

    China Box Office: 'Wonder Park' Fails to Open While 'P Storm' Rages On

    Even on one of the quietest weekends of the year, new-release U.S. animated feature “Wonder Park” did not inspire Chinese audiences as much as Hong Kong and Indian movies already in their third weekend in theaters. Starring the voice talents of Matthew Broderick, Jennifer Garner, Mila Kunis, and Ken Jeong, among many others, the film [...]

  • David Picker dead

    David Picker, Studio Chief Who Acquired James Bond Novels for UA, Dies at 87

    David Picker, who headed United Artists, Paramount and Columbia’s motion picture divisions and was known for forging relationships with groundbreaking filmmakers and material, died Saturday in New York. He was 87 and had been suffering from colon cancer. MGM tweeted, “We are saddened to hear that a member of the United Artists family has passed [...]

  • Abigail Disney on Bob Iger

    Abigail Disney Calls Bob Iger's $65 Million Compensation 'Insane'

    Disney chairman-CEO Bob Iger’s total compensation for Disney’s fiscal 2018 was a whopping $65.6 million. Abigail Disney, the granddaughter of Disney co-founder Roy Disney, calls that sum “insane.”  While speaking at the Fast Company Impact Council, the filmmaker and philanthropist insisted that this level of corporate payout has a “corrosive effect on society.” Disney took [...]

  • 'Curse of La Llorona' Tops International

    'Curse of La Llorona' Tops International Box Office With $30 Million

    Warner Bros. and New Line’s “The Curse of La Llorona” led the way at the international box office, summoning $30 million when it opened in 71 foreign markets. The supernatural thriller collected $26.5 million in North America for a global start of $56.5 million. “La Llorona,” based on the Mexican folklore about the Weeping Woman, [...]

  • Box Office: 'Curse of La Llorona'

    Box Office: 'Curse of La Llorona' Wins Worst Easter Weekend in Over a Decade

    Warner Bros. and New Line’s “The Curse of La Llorona” ascended to the top of domestic box office charts, conjuring $26.5 million when it opened in 3,372 North American theaters. “La Llorona” is the latest horror movie to outperform expectations, further cementing the genre as one of the most reliable box office draws. Even so, [...]

  • FX's 'Snowfall' Panel TCA Winter Press

    John Singleton Hospitalized After Suffering Stroke

    UPDATED with statements from John Singleton’s family and FX Networks John Singleton, the Oscar nominated director and writer of “Boyz N’ the Hood,” has suffered a stroke. Sources confirm to Variety that Singleton checked himself into the hospital earlier this week after experiencing pain in his leg. The stroke has been characterized by doctors as [...]

More From Our Brands

Access exclusive content