Remember what a big deal was made when the movie Bubble was released under the day and date model. Well, there is even more trouble ahead for movie theaters, video rental companies (Netflix, Blockbuster, etc.), and anyone else who benefits from the current inefficiencies in the movie distribution business.
Disney and CinemaNow will now start to sell films over the Internet on the day they are released. The films will be made available on a download-to-own basis. Does it mean that no one will go to the theaters? No, but with the availability of better/affordable plasma/LCD television sets and home theaters, unless one absolutely wants the theater experience, chances are that a lot more people will skip the nightmare of being in a public cinema.
Related: Media convergence
Photo courtesy: Michael Connors