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Are the theatres under distress because of Online streaming companies?

January 20th, 2018 | by Jennifer Fortune
Are the theatres under distress because of Online streaming companies?
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It is known by many of us that people have shifted to the sites where they get to watch free movies. There has also been a keen interest among the people for the streaming websites. All this has been taking the theatre industry by storm for quite some time. When the theatre industry hit a bump in 2014, there was a big speculation that the streaming websites are the root cause of this decline of the theatres. However, it has been observed that there has been a massive improvement when it comes to the admins for the various theatres.

In this age of the internet, there are numerous sites which allow their users to watch their favourite movies online, that too, for free. These streaming sites are considered to be a threat to the theatres. Part of the reason which can be blamed for this threat to the industry of theatres is the mentality of youngsters who would prefer having the streamable options through which they can watch their favourite stuff over their iPhones or tablets, sometimes, even for free. But even after all this, the theatres can be seen fighting back relentlessly when movies like Avengers, or say StarWars get released as the same youth who are too lazy to get off the couch come in huge numbers to watch these movies.

So, is it safe to say that the theatre industry has the potential to stand this test against the streaming companies?

This is not the first time that the theatre industry has been under attack. It has happened before when the age of television was at its peak. This was the scenario, in the 1950s. Theatres were experiencing an all-time decline in ticket sales and revenues. But they did manage to cement a place and are still available even 60 years after those days. Today, the situation is not even as bad as it was in the 1950s, theatres do still have a good revenue coming in.

But, people are increasingly opting for the sites where they can watch free movies online that are a treat to watch. These people are getting to watch their favourite movies online, that too, for free. The users are also going to these sites where they are able to watch free movies online because of the time and money they can save from their entertainment budget.

It would be really interesting to see how the theatre industry will respond to these challenges created by the online streaming sites. The only way out of this will be to make users ditch the free and convenient sites and go to theatres will be sheer innovation and an awesome viewing experience

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