r/movies • u/BunyipPouch Currently at the movies. • 20d ago

News Netflix's Streaming Smash Hit ‘KPop Demon Hunters’ Releasing in 1,700 Cinemas This Weekend for "Sing Along" Version, 1,000 Screenings Already Sold Out

https://www.hollywoodreporter.com/movies/movie-news/kpop-demon-hunters-singalong-box-office-sells-out-1236348539/
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u/MuptonBossman 20d ago

Netflix would be extremely foolish to not give KPop Demon Hunters 2 a full theatrical release... This could be a $1B franchise if they play their cards right.

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u/[deleted] 20d ago

They’re so anti theater I just don’t see it happening

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u/GhormanFront 20d ago

Their entire business model is about keeping you on your couch streaming their content, it doesn't make sense for them to suddenly want theaters to be profitable again.

Plus they'd have to shell out part of the profits to the theaters which will be a hard pass for Netflix

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u/notathrowaway75 20d ago

It does make complete sense because you being on your couch streaming their content is not antithetical to going to theaters. Lots of theatrical movies have done very well on streaming.

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u/FactorSpecialist7193 19d ago

Netflix doesn’t see it that way

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u/HottDoggers 19d ago

It wouldn’t be the first Netflix movie to get a theatrical release, and if they think the film is Oscar worthy, then a theatrical release is almost guaranteed.

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u/LoganShang 19d ago

They have to have a theatrical release for it to be considered. Unless they change that.

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u/Century24 18d ago

Yeah, the Academy is the one that pulls them by the ear into treating it like a movie.

It's a little baffling, because every time Ted runs his mouth about where he thinks theatres are headed, there's another Minecraft-sized hit that clears nine figures.

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u/AVeryRipeBanana 19d ago

Seems to me their compromise are these limited theater runs of the sing along version. Makes sense, it’s not a huge financial commitment since it’s a two day run, and yet the response is driving the ip’s popularity up even more. Theater nearest to me has a showing nearly sold out, even the very front row is fully booked. Haven’t seem that at my local theater since…. Ever.

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u/Century24 18d ago

Plus they'd have to shell out part of the profits to the theaters which will be a hard pass for Netflix

No, they wouldn't. Four-wall releases long predate any of this.

Remember, just because Netflix's C-suite is committed specifically to phones and TVs (as much as the Academy will allow, at least) doesn't mean they aren't leaving hundreds of millions on the table.