The ascendant business of steaming video, which has for years been seen as the biggest threat to the traditional entertainment industry, just had quite possibly its worst week ever. Netflix's stock got crushed. CNN+ got killed.
What a time for Hollywood to bow at the altar of movie theaters, right?
This week, the major film studios — Disney, Warner Bros., Universal, Paramount and Sony — along with smaller distributors have gathered in Las Vegas to kiss the ring of the world's movie theater operators, from the biggest multinational chains to the smallest mom-and-pops.
