The increasing adoption of movies being released on internet based streaming services such as Netflix and Disney plus has created new opportunities as well as challenges for cinema business. This development has positive implications,particularly in terms of ease of access to everyone,but it also raises concerns about less income from the cinema hall and small businesses which depend on it such as restaurants, transport businesses.
One of the most significant advantage of movies on OTT platforms is that it allows individuals, especially elderly people, to watch movie at home on their own time.Unlike traditional watching movies in cinema hall, which often involves investment of time and money, this approach enables older people and kids to watch movies at home.As a result, it increases interest in older people who often less interested watching movies these days and also kids will have an access to watch movies without any restriction unlike theatres.For example, medically compromised patients who can not go movie theater can watch movie from home on their time and comfort.
Another important advantage is that people can save money by not spending money on ticket prices and snacks which are quite expensive that majority people can not afford.This particularly valuable because it helps to cut down unnecessary expenses,helping middle class families to save money.
Despite these benefits, one significant drawback of not going to multiplex is the possibility of losing income for theatres and small businesses which depend on it.This often occurs because online streaming platforms give access to the entire family to watch movies without visiting a movie house.This,inturn, can have wider implications for film industry and economy of country. For instance, small businesses which depend on movie theaters such as restaurants, cafes, ice cream shops will lose business may result in unemployment and decrease in GDP of the state or nation.A further drawback is the possibility of people losing interest in watching movies. This is particularly concerning because the majority of individuals prefer to watch movies on the big screen with better sound effects,potentially resulting in losing interest in watching films on TV and streaming platforms.
In conclusion, movies being released on online platforms offers several benefits, including access for everyone and saving money, although it can also lead to losing business and interest in watching films.Appropriate planning can help to reduce some of the challenges associated with this development.