![]() In 1938, the Department of Justice filed an antitrust suit against all major movie studios. Nearly a month has passed since those statements were made, and neither party has backed down. Universal’s statement prompted an immediate backlash from the major movie theater chains, including AMC, which stated that it would “no longer play any Universal movies” in any of its theaters. In a sense, the initiative was successful - as CNBC explained, “ Trolls World Tour made more for Universal in 3 weeks on demand than Trolls did in 5 months in theaters.” In fact, Universal was so pleased with its streaming success that it announced its intent to skip theaters in future releases. The movie was originally scheduled for an April 10 theatrical release, but since theaters were closed, Universal skipped the theaters entirely. In April, Universal made Trolls World Tour available as a digital rental. Faced with an unprecedented virus, people at every level have devised ways to circumvent the virus’s restrictions: the moviegoer who decided to sneak into an AMC theater to live on its snacks, the movie theater that created a pop-up drive-in theater, and, most pertinently, the movie studio (Universal) that decided to forgo theaters entirely, in favor of “premium video on demand.” But not all creative endeavors are for the best - just ask the guy who sneaked into AMC and was arrested and charged with burglary. ![]() At the same time, movie theaters across the country remain closed, which prevents studios from earning revenue on the movies they’ve already finished.īut not everyone is willing to let the pandemic get in their way. Because of the global pandemic, studios have been forced to postpone or cancel production on countless movies. The last few months have not been kind to movie studios. Well, hold on to your seats, because it looks like Universal Studios might be the next undead monster to join the ranks - and movie theaters may be the first victim. But the studio’s most iconic property is probably the Universal Monsters franchise, which includes the likes of Frankenstein, The Mummy, Dracula, and The Wolf Man. ![]() ![]() To name just a few, the studio is responsible for Back to the Future, Minions, Jurassic Park, Shrek, and The Fast and the Furious. Universal Studios owns many of the most popular movie franchises. ![]()
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