Under chief executive Jason Kilar, the former Hulu chief, WarnerMedia recently reorganized to further prioritize its streaming service. “As for AMC, we will do all in our power to ensure that Warner does not do so at our expense.”
NEW MOVIES 2021 STREAMING MOVIE
“Clearly WarnerMedia intends to sacrifice a considerable portion of the profitability of its movie studio, and that of its production partners and filmmakers, to subsidize HBO Max,” said Aron in a statement. But he said AMC would oppose the same approach into 2021, when a vaccine could accelerate a recovery. Adam Aron, chief executive of the world’s largest chain, said AMC had gone along with the “Wonder Woman 1984” plans because of the virus surge. Following Warner Bros.′ announcement, shares of AMC Entertainment fell 16% Cinemark was down 22%.ĪMC vehemently disagreed with Warner Bros.′ strategy. Regal Cinemas, the country’s second largest chain, has shut all its doors. But with most major releases postponed and virus cases surging, about 60% of theaters have since closed again. Having been shuttered for much of the year, cinemas reopened nationwide in late summer except in some key locations, including Los Angeles and New York. only makes the pain being felt by exhibitors all the more acute. Warner Bros.′ 2021 slate includes many of the expected top movies of the year, including “Dune,” “The Suicide Squad,” “Tom & Jerry,” “The Conjuring: The Devil Make Me Do It,” “King Richard” and “Judas and the Black Messiah.” The hybrid approach also allows us to market them in a fuller way than we would have had we just looked at the less-than-full capacities in theatrical right now.” We’re allowing them be seen on the big screen which is what they were made for, but giving an alternative. “But I’m very optimistic that this is a win-win-win for our fans, our filmmakers and our exhibitors.
“I can’t comment on the economics of how it will all work - I’d need a crystal ball for that,” said Sarnoff. confirmed the films will be available to subscribers with no further charge. Warner’s films typically account for $1.5-2 billion annual in ticket sales in North America - a lot of money to compensate for in HBO Max subscribers.
The studio has generally ranked among the top two studios in market share over the past decade - most recently dwarfed only by Walt Disney. Warner Bros.′ decision resonates especially because the 117-year-old studio of “Casablanca” and “Harry Potter” has long been a market-leader in Hollywood - and one known as especially supportive of theaters. Internationally, the studio’s 17 films planned for 2021 release will roll out exclusively in theaters. HBO Max is only available in the United States. “If we saw an end in sight to the pandemic, we might have a different strategy. If you read the medical experts that’s going to take a while to work its way through the system,” said Sarnoff.
NEW MOVIES 2021 STREAMING FULL
“We’ve got to get people back in theaters at full capacity at some point. Warner Bros.′ move amounts to an acknowledgement that any full rebound for theaters is still a year or more away. Sarnoff called it a “temporary solution” and a “one-year plan.” The studio said other options - releasing big-budget films solely in reduced capacity theaters or delaying films another year - weren’t appealing. “Given the unprecedented time that we’re in, we needed a creative solution to address our fans, our filmmakers and our exhibitors, said Ann Sarnoff, chief executive of WarnerMedia Studios, in an interview. If that pivot sent shockwaves through the industry, Thursday’s announcement rattled Hollywood to the core. We Bought a Zoo is now streaming on Disney+.The move follows Warner Bros.′ decision to put “Wonder Woman 1984” on HBO Max in December, along with a concurrent theatrical run. The film follows a journalist who, after the death of his wife, decides to move his family to a wildlife park. But that’s exactly what happened when Cameron Crowe released his feel-good family drama We Bought a Zoo back in 2011. It’s strange to think that Matt Damon, Scarlett Johansson, and Elle Fanning all starred in a movie together ten years ago.
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