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IPFS News Link • Holidays

Warner Bros. Snubs Theaters, Will Stream New Movies Simultaneously On HBO Max In 2021

• https://www.zerohedge.com by Tyler Durden

It could be the final death blow for a theater industry that has undergone severe stress due to the Covid-19 pandemic this year. 

Included in the list of films for next year will be major features, like the next installment of the Matrix series and DC Comics movie "The Suicide Squad", according to Bloomberg

Theaters used to have exclusive rights to films for up to three months, the report notes. But now, with most theaters either shut down or barren, studios are starting to shift their business models to protect the money they've invested in major films. Ticket sales are down 78% this year to $2.2 billion, according to Comscore.