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Issue link: https://digital.macdirectory.com/i/1299064
estimates that India’s online offerings will account for more than $4B in revenue by 2025. With ARPU (average revenue per user) of $1, Disney+Hotstar could reach $587M in subscription revenues during the same period plus $314M in ad sales to become India’s second largest online video service behind YouTube. With their parks division taking a $3.5B hit, Disneyland Paris and Disneyland Orlando as well as parks in China have been partially reopened. With a large number of questions surrounding when cinemas will open and the rush for seats in seats, Disney+ took a lesson from Universal, moving the widely anticipated and promoted Mulan to a $29.99 PVOD showing in the US and select markets. Already delayed multiple times because of the pandemic, the $200M film was shown in cinemas in countries where it isn’t available on video on demand. In addition to rolling out an aggressive – and widely enjoyed – roster of streaming entertainment to more than 70M subscribers worldwide, Disney also has major films they would still like to get into global cinemas. Disney, like all of the studios, has been less than optimistic about cinemas reopening, how audiences will respond to the viewing restrictions that are being laid out (attendance in Japan and China has been remarkably unimpressive) and how consumers will respond if a second wave of infections force theaters to close yet again. “While all of the studios are committed to seeing cinemas reopen and become an integral part of the M&E scene, there are practical business decisions that have to be made with the number of tentpole and secondary films that are gathering dust in their libraries,” Goodman commented. “The libraries represent major financial investments that need to be covered and recovered.” “The pandemic’s new realities forced everyone in the M&E ecosystem into experimenting with new tech-driven home-centric entertainment,” he continued. “The out-of-home entertainment experiences won’t disappear once we can open our doors and smell the fresh air. Most of us still like to get out, rub shoulders and travel in addition to going out for the evening, having a good dinner and attending a good movie.” “The big question marks for all of us are when can we do it and how long we’ll feel comfortable doing it,” he noted. “Movie theaters won’t vanish as a result of the new realities,” Goodman emphasized. “They will just be different … a lot different.” Ampere reported that titles that are expected to gain the largest international box office revenues (over $700M) have not been released on PVOD including such titles as Wonder Woman 1984, No Time to Die, A Quiet Place II, Fast and Furious 9, Antlers, Black Widow, Thor: Love and Thunder, Jurassic World: Dominion and other major projects that are still scheduled to be experienced first in the theater. Slightly lower-earning films ($400 - $750 M) will be