![]() ![]() The Walt Disney Company, for instance, has taken a beating from the pandemic, with its theme parks struggling in particular. But AT&T is mostly interested in the financial windfall that it stands to make in the longer term by turning HBO Max into a success. HBO subscribers hit a record 38 million at the end of September, but only about 8.6 million subscribers had activated HBO Max, according to AT&T regulatory filings.Īs it moves to bolster HBO Max, WarnerMedia is almost assuredly giving up hundreds of millions in box office revenue, which means that some of its big-budget movies ($200 million or more in production costs, plus tens of millions of dollars in marketing spending) will lose money, regardless of their reception by audiences. Kilar’s top priority is building HBO Max into a full-fledged competitor to Netflix, which has 73 million subscribers in the United States and almost 200 million worldwide. AT&T, which owns WarnerMedia, also has made it clear that Mr. Fans trained to expect immediate gratification will not be eager to return to the days of giving theaters an exclusive period to play movies. Many people in Hollywood saw WarnerMedia’s positioning of its move as disingenuous: It will be almost impossible to go back, and it may force other studios to abandon the old model. HBO Max will begin rolling out overseas next year. “These are global releases with normal theatrical marketing campaigns,” he said. Emmerich emphasized that Warner’s movies would continue to have traditional theatrical releases outside of the United States, where HBO Max does not currently exist. Turmoil at Netflix: Despite a loss of subscribers, job cuts and a steep stock drop, the streaming giant has said it is staying the course.Discovery : The recently formed media colossus announced plans for a free streaming service and a paid subscription streaming service combining HBO Max and Discovery+. Cable Cowboy: The media mogul John Malone opened up about the streaming wars, the fast-changing news business and the future of his own career. ![]() Apple envisioned the film as a surefire Oscar contender. Apple’s Will Smith Problem: The actor is the star of a $120 million Civil War drama that finished filming earlier this year.Kilar said the company had no plans to be flexible even if the coronavirus threat receded dramatically in the summer, the new distribution model will stand for the year. One of the things we can do to be helpful to them is to provide them with a steady stream of big-budget, well-told stories.” Mr. “We are all in the middle of a pandemic, and we are all trying to figure our way through it. “Like a lot of businesses, theaters are in a tough spot right now,” Jason Kilar, WarnerMedia’s chief executive, said by phone. Even with a widely deployed vaccine, which is expected in the coming months, WarnerMedia does not believe that moviegoing in the United States will recover until at least next fall, an assessment that stands in sharp contrast with what other major movie studios and multiplex chains have signaled. While the move amounted to 17 shots in the arm for HBO Max, which has struggled to attract subscribers since its introduction in May for $15 a month, it was also a strikingly grim comment on the future of movie theaters. Kong,” “Dune” and “The Matrix 4.” Other movies speeding to living rooms next year include Lin-Manuel Miranda’s “In the Heights,” Clint Eastwood’s “Cry Macho,” the next “Conjuring” horror film, “Space Jam: A New Legacy” and a “Sopranos” prequel called “ The Many Saints of Newark.” Rather than having to wait roughly 90 days, the period that studios have long given theaters to play films exclusively, HBO Max subscribers will receive instant access to big-budget extravaganzas like a “Suicide Squad” sequel, “Godzilla vs. announced on Thursday that 17 movies - its entire 2021 slate - would each arrive simultaneously in theaters and on its sibling streaming service, the underperforming HBO Max. LOS ANGELES - In a startling move that marked the biggest challenge yet to Hollywood’s traditional way of doing business, Warner Bros.
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