Warner Bros disrupts theater business ...Middle East

AT&T Inc’s Warner Bros studio will debut all of its 2021 films in theaters and on the HBO Max streaming service on the same day, the company said on Thursday, an unprecedented shift that hammered shares of struggling cinema operators.The movies, which are expected to include Godzilla vs. Kong and The Suicide Squad, will be available on HBO Max for one month starting on the same day they hit theaters, the studio said in a statement.Mortal Kombat, a new version of Dune and a Matrix sequel also are scheduled to follow the new release pattern.Shares of AMC Entertainment, the world’s largest theater operator fell almost 16%, and rival Cinemark dropped about 22%. AT&T shares closed up slightly.The

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Warner Bros disrupts theater business ...Middle East

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