Two items from the unsubstantiated-but-strong-rumour department.
Technicolor is said to have lost one of their two large Hollywood studio clients for prints and lab work. That would mean that either Warner Bros or Disney have opted to go with Deluxe – and another nail in the coffin for Technicolor. A contract like this would be worth tens of millions, or even hundreds. While digital cinema is set to sweep the Us in the next five years, there’s still a lot of print work to be done in that time and with a clearer end date for 35mm, there is more scope for a single player to dominate without fears of anti-monopoly lawsuits. Plus where print goes, digital tends to follow. It really does not look good for Technicolor at the moment, but it is too soon to write them off yet.
Secondly, Arts Alliance Media is said to be close to announcing a fourth Hollywood studio for its VPF deal, with fingers pointing at Sony Pictures. This would mean that AAM has nabbed four of the Big Six: Universal, 20th Century Fox, Paramount and SPI, with Warner Bros and Disney holding out. Impressive feat and it means that AAM has something that could conceivably entice European exhibitors. At least that aren’t looking to do a VPF deal directly with the studios themselves and cut out the third party middleman.
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- After Bumper BO Holiday, China’s Cinemas Face Uncertain Months Ahead - March 3, 2021
- CJ Opinion: Warner Bros. Did Not Just Kill Cinema - December 4, 2020