Relax. That’s the message that Warner CEO Jeff Bewkes has for those up in arms about the recent launch of premium VOD. Facing a near-mutiny of theater owners backed by powerful directors, Bewkes declared at an industry conference today that there is simply nothing to worry about when it comes to the new service.
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According to Bewkes:
“There has been too much excitement about this,”
What Bewkes didn’t say, however, was anything about premium VOD’s financial performance (or lack thereof) since the service launched a few weeks ago. Theater owner organization NATO has been clamoring unsuccessfully for some numbers from participating studios.
Is Bewkes right—should theater owners and their supporters calm down about the issue? Or could it be that Bewkes know some unsettling information and is trying to diffuse the situation as much as possible ahead of time?
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(via The Wrap)
Of course he’s saying to relax, because they are finding out that nobody wants to purchase this service. It would be like saying, hey all you people paying $4 for gas, we have newer gas for you, right out of production, its only $30 per gallon. Any takers?!?
Well said, Tinybrat!
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