The company gathered roughly $5 billion in debt at the end of 2019 and $149 million in losses. Now it has had to furlough 24,000 employees, including its CEO, Adam Aron.
The latest addition to the company’s feature film catalogue was first released in Turkish theaters on October 11, 2019, and instantly became a box office smash hit.
Franco di Sarro, Nexo Digital CEO and founder expressed his desire to overcome the coronavirus pandemic as soon as possible and to meet his clients in international markets and that people return to theaters.
Starting on the 10th of April with the “Trolls World Tour” release, each movie will be offered for a 48-hour rental period for the price of $19.99 in the U.S.. The films will be available for rental on iTunes, Amazon, and other digital platforms.
To date, cinemas are entirely or partially dark in more than 50 international markets, including United States, China, France, Spain, Italy, Netherlands, and Ireland, among others.