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.


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."