Hollywood Agents Are Pushing to Sell Films to Streamers Amid Theater Shutdown

While theater closures are moving blockbuster release dates to 2021 and 2022, many Hollywood agents are encouraging studios and clients to instead sell their films to the streamers, multiple insiders told TheWrap. “Agencies are pushing to sell to streamers because they can immediately get cash and their commissions rather than wait for it,” one studio insider told TheWrap. “The agencies are in such a crappy position that they are trying to push us to sell product — you are getting a premium if you are getting paid upfront.” Entertainment attorney Schuyler Moore at Greenberg Glusker agreed that the move toward streaming has accelerated this year. “Everybody’s going to the streamers, agents in particular. Previously, the stars and big directors looked down at the streamers almost like television, but that barrier has been broken, in part with ‘The Irishman,'” he said, referencing the Martin Scorsese drama that had a small theatrical run last year prior to its Netflix debut. “Everyone is lining up to sell to streamers. You gotta sell to streamers — everybody has to now.” Also Read: Inside Paramount's 2020 Survival Strategy: Earn More Selling Off Films Than Releasing Them Financial considerations play a big factor in the new...

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