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Exhibition Stocks Battered On Report Studios Plan PVOD Without A Deal

When it rains on exhibition stocks, it pours. Major theater owners’ shares are getting walloped today following a Bloomberg report that says Warner Bros. and Universal Pictures are talking to Apple and Comcast about introducing premium video on demand (PVOD) on their own — without making a deal with exhibitors. They could introduce the changes “as soon as early next year” the news service says, citing “people familiar with the matter.
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