Paramount cancels movie’s theatrical release in favor of Netflix
It seems like an uncommon deal on the floor. Paramount has to date provided yanked films like Sonic the Hedgehog as digital purchases. And whereas CBS All Access is targeted on TV exhibits, that is theoretically a time to drive viewers to that service as a substitute of a competitor.
However, it might come right down to historical past and pragmatism. Paramount has a working relationship with Netflix that has led to a number of tasks, together with The Cloverfield Paradox and a deliberate Beverly Hills Cop sequel. It’s a reasonably simple leap. And whether or not Paramount likes it or not, Netflix has a a lot bigger viewers than All Access — this can be the studio’s finest probability at recouping its funding brief of delaying the movie’s release.