It may be 10 years since the movie industry launched its digital TV service, Netflix, but the entertainment industry’s biggest rivals are still making strides.
Last year, the Motion Picture Association of America and the National Association of Theater Owners launched a joint venture, Cineworld, to offer digital movies and TV.
The deal is worth $100 million per year, or about $1 billion for a decade.
Cinworld’s goal is to offer about 30,000 films, television shows, documentaries and short films each month to consumers via the Internet and apps, while also adding a new digital TV product: a new Netflix subscription.
The company hopes to offer a “Netflix of the future” with a digital TV bundle, according to Cinverse founder and CEO John Tommasini.
He told Forbes that Cinholestar was “just the first step” in a “global digital TV revolution.”
Netflix will also offer streaming services in the U.S. and Europe, but its primary customers are U.K.-based broadcasters and cable operators like Sky and BT.
It also plans to release a subscription-based TV service in the future.
And with more movies available for streaming than ever, it could be a very big year for the movie business.
And that, at least in part, is because the digital TV world is now an established and well-established business.
In the fall of 2012, the Hollywood studio studio studioBarry Levinson said that he expected the streaming-TV industry to reach $200 billion by 2025.
Now, he says, the industry’s revenue could be up to $1 trillion a year.
That would make it the largest entertainment industry in the world, but it’s not yet clear how big the business will be in the years ahead.
The next big move is likely to be the launch of a “cinema of the present,” a new online TV service for film and TV that will be much more of a competitor to Netflix.
The studios, the movie studios, and the networks are already planning a movie-of-the-future.
This summer, the National Federation of Independent Businesses, the trade group for movie studios and other media companies, launched a digital-TV-focused site called Finesse Media to help promote the industry.
“The film and television industry will never be the same,” said Steve McQueen, president and CEO of Fineseses Media.
“This digital-only future is coming, and it will change the way the world watches, listens, and purchases content.”
But for now, the film industry is focusing on its new streaming services, and Netflix and CinHolestar have been doing their best to attract new subscribers.
Cipriani & Sprecher, the New York-based music video production house that has recently acquired indie film production company Bluegrass, has been offering a free streaming-video subscription to all of its members since October.
In February, the company launched a new TV app called Movie Maker to give customers the ability to add their own films and TV shows.
In March, it launched a TV-streaming service called Cinema Now.
In April, it announced that it would be launching its own streaming-tv service.
But, of course, that’s just a teaser.
“Netflix has to be really well positioned to compete with all these new services,” said Kevin O’Brien, president of the Motion Pictures Association of American, a lobbying group that represents studios.
“It has to offer great quality content, with an array of genres and themes.”
Netflix has long been trying to be a different kind of player.
In 2012, it tried to launch its own TV-only service called Go90.
But Netflix CEO Reed Hastings has repeatedly said that the company has no plans to offer any kind of TV service.
Hastings told The Hollywood Reporter in 2015 that he thought it would take 10 years to launch a TV service like HBO Go, which offers a $40-per-month subscription for HBO Now, but only a “small slice” of what the service offers.
The new Cinoreal movie-streamers also aim to take on Netflix.
In addition to Ciprio, Cinemax has partnered with a production house called Aperture, which has released three films under the Cineflix banner: The Great Gatsby, The Big Short, and The Master.
Cinema Plus, a joint initiative between Cinreal and Cinemax, has also signed a deal to launch four new movies and five TV series in 2019.
It is currently the only film-streamer that can stream movies from a single service.
The other two film-video streaming services — Cinema2 and Cinema3 — are now available in the United States.
(CinemaPlus is also currently the largest service in Europe, and Cinema2 has been acquired by the German film company Cinefex.)
Cinolaris and Cinefx