Film producer and founder of Blumhouse Productions, Jason Blum, strongly believes the coronavirus pandemic will change the film industry forever.
The 51-year-old filmmaker, who is well-known for his involvement in Paranormal Activity, The Purge and Insidious franchises, believes studios will be forced to give films earlier releases to compete with streaming giant like Netflix, as viewers are now self-isolating at home.
Speaking on The Mike Shapiro Show, Blum said: ''I think it's not realistic to think all the studios are going to wait four months before they put a movie at home. They just can't compete, they're going to have to compete with Amazon and Netflix and Apple in a different way.
"There's going to be shifts. The consumer is going to be more used to staying at home. Something is going to give, there has to be something that's going to happen post-corona. The movie business will look different after the coronavirus.''
Blum, who recently worked on The Invisible Man alongside director Leigh Whannell, thinks cinemas will still have a future once the pandemic is over.
He added: ''I don't think theatres are ever going to go away. The collective experience of going to a theatre and taking in a movie, I think that's going to be around for a long time.
"I think there'll be less movies in theatres, there'll be less of a selection, or I should say, there'll be many many fewer movies in theatres with the window, and I think there'll be many many more movies in theatres, but they only last for a week or two.''
The new Bond movie, Black Widow and F9 are among the major movies that have already been delayed by the pandemic, while production on blockbusters like The Batman and Jurassic World: Dominion have temporarily shut down.
