Moviegoers ride and escalator past film posters displayed inside a Cinemark Holdings Inc. movie theater in the Playa Vista neighborhood of Los Angeles, California, U.S., on Tuesday, Oct. 31, 2017. Cinemark is scheduled to release earnings on November 2. Photographer: Christopher Lee/Bloomberg
The movie industry loves an underdog. Except, perhaps, when the underdog is Netflix.
Pesky upstarts like Netflix Inc, Apple Inc and Amazon Prime Video are shaking up the movie-theatre business, making them the perfect targets for cocktail-party griping at this year’s CinemaCon, a gathering of 3,700 movie-theatre owners, movie executives and press from 80 countries that starts April 1 in Las Vegas.
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