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AMC starts ‘urgent dialogue’ with Warner Bros over its plan to put all its 2021 movies on HBO Max – Yahoo Finance

There is now legitimate concern that even beyond the pandemic, moviegoers may never return to theaters at the same levels as before the pandemic.

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AT&T-owned WarnerMedia stunned the entertainment world on Thursday when it announced its intention to put all 17 of its 2021 Warner Bros movies on HBO Max on the same day each movie hits theaters.
The announcement sent shares of movie chain AMC (AMC) down 16%. And now AMC is responding.
Clearly, WarnerMedia intends to sacrifice a considerable portion of the profitability of its movie studio division, and that of its production partners and filmmakers, to subsidize its HBO Max startup, AMC CEO Adam…

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