Range Media Partners' co-founder Peter Micelli emphasized balance between streaming and theatrical releases, citing "Longlegs" success and theaters' cultural importance.

Peter Micelli, co-founder of Range Media Partners, discussed Netflix's global reach of 278 million homes and 600 million viewers during a recent meeting with Hollywood agents. He emphasized the need for a balance between streaming and theatrical releases, citing the success of the horror thriller "Longlegs," which grossed over $108 million. Micelli believes that theaters foster communal experiences essential for culture, highlighting their enduring relevance despite the streaming surge.

October 07, 2024
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