Agents, Studios Pursue 2-Track Deals as More Films Skip Theaters for Streaming

“If a film is set for traditional theatrical distribution, a contingency plan will need to be in place for if it goes to streaming,” one agent tells TheWrap

So many Hollywood studios this year have been offloading their films to either streamers or their own digital platforms — leaving creatives without the accustomed bonuses from hitting box office targets — that dealmakers are developing a dual approach to negotiations on future projects.

According to multiple agents, they are now negotiating terms with studios for both a theatrical release as well as a a streaming debut when setting up a project so that contingencies (and compensation) is in place no matter how the film eventually reaches consumers.

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