“We’re In A Crisis Situation:” British Distribution And Exhibition Execs Sound Alarm On Challenges Hitting British Cinemas
deadline.com“We’re in a crisis situation,” Picturehouse Managing Director Clare Binns concluded this morning when quizzed on the current challenges facing British cinemas during an appearance at the UK’s British Film & High-End TV Inquiry.
Binns, who has been with Picturehouse since 2003, was joined in front of the committee by Vue CEO Tim Richards and Alex Hamilton, CEO of Studiocanal UK.
The trio spoke for over an hour about various topics surrounding the distribution and exhibition of British films, each with differing opinions and approaches. “The industry is in a bit of crisis at the moment because it doesn’t really know where the future is,” Binns continued. “Since COVID, streamers coming into the marketplace and now the franchise movies are costing more to make and the profits are less than they were.
So the studios are looking now at what they’re making.” Binns added that the runaway success of Greta Gerwig’s Barbie and Christopher Nolan’s Oppenheimer perhaps signposted a future dominated by original movies following a decade ruled by franchises.
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