'I don't think these things are mutually exclusive,' the co-founder of DreamWorks Animation told CNBC.
"Artemis Fowl," by contrast, will now debut on Disney+. It had been scheduled for a theatrical release in May.
Katzenberg used a sport analogy to describe where the movie industry was headed, arguing the embrace of in-person sports and TV broadcasts has been successful despite hesitancy decades ago. "To fill up a stadium with 55,000 people you don't have to black out 8 million people to have a successful business," said Katzenberg. "I think sports found a way to embrace both a live experience. There's nothing like going to a live sporting event but also to have a very robust experience for a broader audience."
To that end, Katzenberg said he thinks the industry will continue to embrace at-home viewing while maintaining an "out-of-home" experience for "high-end, big broad entertaining movies." "I think there's a place for them today and there will be a place for them tomorrow and I think there will be a place for them 5 or 10 years from now," he said.
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