With the launch of major streaming services and fewer new movies released during the pandemic, there’s been an insatiable appetite for content, prompting viewers to rediscover old favorites. That has fueled an explosion in the demand for library titles — and the restoration work to reintroduce those films and shows.
, which acquired a 49 percent stake in the 700-film Miramax library in April. “For the period of April 2020 through March 2021, our home entertainment library sales were up 45 percent globally compared to the year prior,” Paramount president of worldwide home entertainment Bob Buchi tells. “That’s digital growth at almost 70 percent and even physical disk growth of 10 percent.”
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