Vue International CEO Tim Richards talks 'Parasite,' battling Netflix, why the cinema giant pulled out of Saudi Arabia after the Jamal Khashoggi murder, and that public beef with Rapman. Details:
— were all made for, and have proven hugely successful on, the big screen. Richards points to double-digit growth in territories like Italy, the Netherlands and Germany as clear evidence that "streaming is having zero impact on theater attendance."
But I think the broader message of the Oscars was about the power of the big screen. You heard it with so many of the winners talk about it on stage. No young aspiring director, actor or actress dreams of making a movie for the small screen. And you saw that while big streaming services might be able to get a lot of nominations, that doesn't translate into many awards. I think as an industry, we haven't been great about getting out the message of how successful the box office has been.
What about the potential of the Saudi Arabian market? VUE pulled out of Saudi Arabia after the killing of [government critic] Jamal Khashoggi.
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