Liz Claman Tweets "$IMAX CEO Rich Gelfond To Claman Countdown: The 3 Week Exclusive Theatrical Window Release Of Oppenheimer Film Will Prove 'Same Day Release On Screens And Streaming Is A Failed Experiment'"
Portfolio Pulse from Happy Mohamed
IMAX CEO Rich Gelfond stated in an interview with Liz Claman that the three-week exclusive theatrical window release of the Oppenheimer film will demonstrate that simultaneous release on screens and streaming is a failed experiment.
July 17, 2023 | 7:49 pm
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NEUTRAL IMPACT
IMAX CEO's statement suggests a belief in the superiority of exclusive theatrical releases over simultaneous streaming, which could impact the company's strategy and partnerships with film producers.
The CEO's statement indicates a potential shift in IMAX's strategy towards prioritizing exclusive theatrical releases. This could impact their relationships with film producers and potentially affect their revenue if their strategy proves successful. However, the impact on the stock price in the short term is uncertain as it depends on the market's perception of this strategy.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100