Paramount to stream new movies a month after theater release
Digital Trends Editor-in-Chief Jeremy Kaplan on Paramount’s decision to stream new movies a month after they hit theaters.
Paramount Pictures reportedly refused to sell off the upcoming Tom Cruise-led movie “Top Gun: Maverick” to major streaming services amid the coronavirus pandemic.
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In July the studio announced that the “Top Gun” sequel would be pushed back from its original June 2020 release date to July of 2021 along with several other movies that studios were shy about releasing in the middle of a pandemic that forced theater closures throughout the country.
Competing studio Warner Bros. opted to release its 2021 movie slate both in theaters and on HBO Max for users to stream from their home. It kicked things off with the premiere of “Wonder Woman: 1984” in December.
Meanwhile, IndieWire reports that Paramount was more than willing to sell off other movies in its pipeline for 2020 to streamers such as “The Trial of the Chicago 7” going to Netflix along with the comedy “The Lovebirds.” The studio also sold the rights to the Tom Clancy thriller “Without Remorse” and the Eddie Murphy sequel “Coming 2 America” to Amazon. Finally, it gave “The United States vs. Billie Holiday” over to Hulu.
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However, according to a report from The Wall Street Journal, streamers like Netflix and Apple reportedly courted the purchase of “Top Gun: Maverick” but the studio remained strong, confident that as vaccines roll out and the pandemic subsides, it will still mark a major box office draw.