12 October 2011 4:47 PM, PDT | WorstPreviews.com | See recent Worst Previews news »

Universal Studios was recently planning to release Brett Ratner's "Tower Heist" comedy through video-on-demand for around $60 just three weeks after the film's theatrical release, which is on November 4th. Cinemark, which controls about 10% of domestic theater screens, quickly responded by saying it would not show the film in its theaters nationwide. Regal and AMC, the nation's largest two exhibitor chains, had not indicated their intentions, but if either decided to join Cinemark, "Tower Heist" would be in serious trouble. Now comes word that Universal has decided to cancel the VOD release, but is not giving up on the strategy. "Universal continues to believe that the theater experience and a VOD window are business models that can coincide and thrive and we look forward to working with our partners in exhibition to find a way to experiment in this area in the future." Click here to read more about "Tower Heist. »

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