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Tyler Cowen

America Needs Movies, and Movie Theaters

The economics of the small screen just don’t work, for the industry or its customers.

Seeing a movie in a new old-fashioned way.

Seeing a movie in a new old-fashioned way.

Photographer: Bing Guan/Bloomberg

The original dream of the internet was as an open medium, allowing unfettered worldwide communication. This vision evolved to allow for greater commercialization, but even then I expected to be able to buy or rent what I wanted, without much fuss or bother.

Unfortunately, when it comes to movies, this expectation is no longer valid. Covid-19 issues aside, the notion of an open market for new movies seems to be fading.