With the gradual increase of demand for entertainment, the movie industry has developed rapidly in recent years, and the prospect of film industry has many possibilities. Now in the era of Internet, the digitalization of film industry in film release is a promising pathway for future development of the movie industry. Due to COVID-19 pandemics, the digitalization of film industry had the opportunity to expose to population. The work analyzed Five Force Model of film industry, compared the traditional movie theater and online platform, and discussed the possible future development for film industry. The results showed that the digitalization of film industry will be both beneficial for audiences and film producers.