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Showing posts with the label IMAX Corporation

Theatres, streaming may co-exist in future: Hajra Arbab

  By Abdul Qadir Qureshi   (Pakistan News & Features Services) Movies remain a massive value creator. Global box office revenues were reported to have totaled $42 billion in 2019, an all-time high, contributing almost one-third of the estimated $136 billion in the value of worldwide movie production and distribution. Hollywood supports more than two million jobs and 400,000 American businesses; British film and TV are worth around £60 million each day to the UK economy.  The coronavirus pandemic has upended the content pipeline, halting film production and closing cinemas. Film production has restarted in some countries and the industry has adopted remote-work protocols where possible. But the virus creates uncertainty, and the biggest short-term risk seems to be consumers’ dwindling confidence in physical venues.  Bibi Hajra Arbab, currently working at one of the largest media companies of the world, has completed her masters from San Francisco State University ...