In this video by Clownfish TV, channel host Kneon summarizes Warner Media’s recent decision to upload all of its 2021 films to the HBO Max streaming service. This is in addition to theatrical releases, but theater chains are in dire shape due to the coronavirus lockdowns. The AMC chain might run out of money by January.
The global pandemic has forced many industries and institutions to change. The directors and stars of these films are upset at the potential loss of box office earnings. Plus, these films were tailored for the theater experience, and that specialized work has gone to waste. However, movie studios see streaming as a way to cut out the theater industry and keep more revenue for themselves. Hollywood will not be the same after this year.