Bond just made £5 million in the UK box in 24 hours, and today Vue founder and CEO Tim Richards said the world is “about to embark on the golden age of cinema”.
Richards, the new president of the British Film Institute (BFI), downplayed the risk of streaming giants for screen operators.
Noting that Amazon bought MGM for $8. 45 billion, he told the newspaper’s The Leader podcast: “Tomorrow they [subscription services] will probably be called studios like the most classic studios. I look forward to having high-quality videos and content from Amazon, Apple, Netflix, and others on our screens for the next six to twelve months. “
The industry veteran, who founded Vue in 1999 before overseeing its expansion to more than 220 screens worldwide, said he would “love” to stream TV screens and streaming movies.
“I think we’re going to have an exciting long term as an industry,” he said.
Even before the release of No Time To Die, Vue’s UK sales had returned to almost 80% of pre-Covid levels, the founder revealed and said: “There’s been a lot of press on part from a dozen films that have [directly] gone to streaming services, but the rest has moved and been delayed.
“So for the next 12 to 18 months, we’re going to have almost 3 years of videos coming out, and it’s going to be extraordinary. “
The founder has already experimented with means of projection than with cinema, adding Wimbledon tennis matches.
He said the multiplex channel would now look to create a style for esports events as the industry grows rapidly. Goldman Sachs has estimated that it will have around £2. 5 billion in global profits through 2022.
Speaking on the podcast, Richards explained how other people have been predicting the end of cinema for decades: when it came, when Blu-Ray came, when streamers arrived.
“There’s a style that’s emerging,” he said. We’ve been through an incredibly complicated time in recent years. . . but I think it’s a company that has survived for many years and has shown that we’re going to be there for a long time. “
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