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The issue of how Netflix fits into, or threatens, the theater business dominated a press conference on Tuesday at CinemaCon, the theater industry trade show. “All of your questions from the first 17 minutes or whatever are about Netflix,” grumbled John Fithian, president and chief executive of the National Association of Theatre Owners. He insisted that Netflix and theaters can happily co-exist, citing data that showed the biggest consumers of streaming video visit theaters more often. He also said Netflix had helped revive interest in documentaries, which had helped draw people to theaters to see them custom cufflinks and studs.
Earlier, Fithian told a crowd in a Caesars Palace theater that films reached their full potential only with a “robust theatrical release.” He spoke just after “Crazy Rich Asians” director Jon M. Chu said his film would not have had as big an impact if it had debuted on a streaming service custom cufflinks and studs. Some members of the Academy of Motion Picture Arts & Sciences, the group that hands out the Oscars, have been debating whether films must play in theaters for a specific length of time to compete for the awards, which could exclude Netflix or force the company to agree to longer exclusive theatrical runs..
Hollywood publication Variety reported on Tuesday that the Department of Justice had weighed in on the issue custom cufflinks and studs. Antitrust chief Makan Delrahim sent a letter to the academy warning that any changes that limited eligibility for the industry’s highest honors “may raise antitrust concerns,” according to Variety. An academy spokesperson confirmed it had received the letter and said any rule changes would be considered at an April 23 meeting. A source close to Netflix said the company was not involved with or aware of the Justice Department’s letter..
Netflix is a member of the Motion Picture Association of America, the trade association for Walt Disney Co, AT&T Inc’s Warner Bros custom cufflinks and studs. and other movie studios. “We are all stronger advocates for creativity and the entertainment business when we are working together .. all of us,” MPAA CEO Charles Rivkin said on the CinemaCon stage. Both Rivkin and Fithian noted that box office receipts hit a record $11.9 billion in the United States and Canada in 2018 even as Netflix released dozens of original movies..
BERLIN (Reuters) – Lawmakers are warning Germany’s finance minister that they will block any attempt to invest public money into a merged Deutsche Bank and Commerzbank, a deal which could require up to 10 billion euros ($11.2 billion) of fresh capital. They intend to deliver this message at a closed-door meeting next week with Olaf Scholz, although it is unclear whether the Social Democrat finance minister still plans to attend custom cufflinks and studs. “The merged bank will probably need fresh capital. One thing that we will not stand for is that the state gives more money,” said Bettina Stark-Watzinger, who chairs the Bundestag’s finance committee, emphasizing a hurdle to any deal..