Tag: ipic entertainment

The Window is Closed: Netflix Signs Deal to Simultaneously Show Their Original Movies In Theaters Same Day on Service

Netflix just signed a 10 picture deal with luxury theater chain iPic Entertainment to screen their original movies in theaters, the same day they premiere on the SVOD service.  What once took a 6-12 month ‘window’ for a theatrical movie to reach home viewing, is now instantaneous.

These movies will play in iPic’s LA and NYC theaters, with a possible wider release to their other 13 locations. Financial terms have not been disclosed, but the usual split between a studio and a US theater chain is 55/45, with 55% of box office receipts going to the studio.

This Friday, The Siege of Jadotville will be the first movie to launch under the deal.

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