VUE founder: ‘Second Golden Age of cinema is coming as streamers become studios’

B

ond just took £5 million at the UKbox office within 24 hours, and today Vue founder and CEO Tim Richards said the world is “about to embark on the second Golden Age of cinema”.

Richards, the recently-installed chair of British Film Institute (BFI), played down the threat of streaming giants to screen operators.

Pointing to Amazon buying MGM for $8.45 billion, he told this paper’s The Leader podcast: “Tomorrow they [subscription services] will most likely be called studios like the more classic studios. I expect to have films and high quality content from Amazon, Apple, Netflix and others on our screens within the next six-to-12 months.”