Dreamstime

Record Revenues Show Streaming and Box Offices Can Co-Exist

Statistics show people who stream are more likely to go to the movies, Motion Picture Assoc. CEO Charles Rivkin tells KNX.

KNX Afternoon News
April 04, 2018 - 4:35 pm
Categories: 

LOS ANGELES (KNX1070) - Movie studio executives are eating some popcorn to celebrate. 

New figures from the Motion Picture Association show the global box office hit a record $40.6 billion in 2017. Big gains in China helped offset a slowdown in movie attendance in the U.S. and Canada.

MPAA chairman-CEO Charles Rivkin spoke at length with KNX producer David Singer and said movie and TV streaming in homes exploded last year, up more than 30 percent to more than $32 billion. 

Rivkin tells KNX this shows that in-home streaming and movie theatres can peacefully co-exist, in fact streaming could be helping get people back in the theater. 

"The more you're interested in streaming, our statistics show, the more likely you are to go to the movies."

Tags: