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2016 Domestic B.O. On Track For Another Record $11B+ Year, But Netflix CEO Says “Movie Theaters Are Strangling” The Biz

At a New Yorker TechFest conversation today, Netflix CEO Reed Hastings told the magazine’s editor David Remnick that “Movie theaters are strangling the movie business. There’s been no innovation in the movie business in the last 50 years.”  In Hasting’s opinion, the looming threat from “an oligopoly” of movie theaters are preventing the studios from experimenting with theatrical windows.
Hastings’ remarks come after Netflix’s 10-pic pact with 105-screen luxury exhibitor iP…

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