Another day, another major announcement to make cable companies nervous.
Lionsgate and Tribeca Enterprises are teaming to provide a new on-demand service starting in the first half of 2015.
Tribeca Short List doesn’t have a price tag yet. What we know is that the service will be updated weekly with films from both the Tribeca Film Festival and Lionsgate collections. Plus, the service will showcase “critically-acclaimed films drawn from around the world,” according to the announcement.
The move comes after both CBS and HBO announced their own streaming services last week. It’s the latest sign cord cutters have more options at their disposal and, by extension, more reasons not to resume their cable service.
Some industry observers, while applauding the expanding array of choices, wonder if a collection of streaming services will end up trumping a standard cable bill. That picture remains unclear. What may happen, ultimately, is the crush of streaming services ignites a cost-cutting war to gain more subscribers.
DID YOU KNOW: Oscar-winner Robert De Niro co-conceived the Tribeca Film Festival in 2001 in part to recharge New York City’s economy in the wake of 9/11.
The accompanying photo, for the 2014 release “Miss Meadows,” debuted at the Tribeca Film Festival in April.