Lionsgate Vice Chair Says ‘Theatrical Business Is Changed Forever’ Due to Pandemic

“All of those windows are being sliced and diced dramatically,” Michael Burns says

Lionsgate Vice Chairman Michael Burns thinks there is no going back to the pre-pandemic business model for theaters.

“I think the theatrical business is changed forever. And it probably took a pandemic to actually start to move that along,” Burns said during a Goldman Sachs conference on Wednesday, arguing that the industry will see more windowing deals similar to the agreement between Universal and AMC, which allows the studio to take films out of the theaters and put them on streaming after only 17 days.

Become a member to read more.
Tim Baysinger

Tim Baysinger

TV Reporter • tim.baysinger@thewrap.com • Twitter: @tim_bays