Blockbusters alone won't keep Hollywood afloat, industry leaders say
Fox News
The president and CEO of the National Association of Theater Owners, Michael O’Leary, called for more investment into the entertainment industry.
That means, O’Leary said Tuesday, "a strong and vibrant market for movies with smaller or medium sized budgets."
At CinemaCon, Hollywood studios, exhibitors and tech companies come together to preview what’s next in moviegoing, from the films that they hope will get audiences to the theaters to the latest and greatest in snacks, seating and projection. On stage, the message is (by design) optimistic about the future of cinemas and the industry’s capacity for evolution. Whether it’s streaming, piracy, VHS or television, the leaders in the filmed entertainment industry are always quick to remind that their business has survived its share of existential crises: Someone is always forecasting its demise.
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