With VOD and streaming services now bringing in almost as much money as DVDs once commanded, there’s a real need for transparency about the amount of business movies are ringing up in new media, the participants in an American Pavilion panel on the state of the industry agreed in Cannes on Saturday.
Moderated by Hollywood Reporter executive editor Matthew Belloni, who opened up the discussion by asking the panelists to address the dramatic changes reshaping industry, Tom Quinn, co-president of indie distributor Radius-TWC said “it makes no sense” that the industry doesn’t publish VOD numbers “in an era where everything is digitally accessible, almost in real time.” He pointed out that his own company began challenging that taboo a year ago by reporting its VOD numbers along with its box-office tallies each Sunday.
