WarnerMedia Prepare to release all films on HBO Max by 2021 after the revenue from the cinema sank heavy losses. Due to the coronavirus outbreak
“We are living in a time that has never happened before. Where creativity is the solution ” Ann Sarnoff “No one wants a movie back to the cinema,” said Warner Bros. CEO. We know that new content It is like the things that feed the cinema. But we have to accept the fact that this crisis, cinema will be affected for at least 2021. “
The films that WarnerMedia will be available on HBO Max include movies like Harry Potter, Inception, The Conjuring, The Suicide Squad, and Matrix.
Streaming platforms are already the future of the movie industry. Previously, Warner Bros. released the movie Tenet during the film epidemic in the United States. Resulting in losses of hundreds of millions of US dollars
“We will not be optimistic. The expectation of a movie theater to resume is next year. Now we have to move on and adapt quickly. We therefore have to evaluate all options and be open to new opportunities. ”
However, WarnerMedia wasn’t the only label to face the situation, and Disney moved Hamilton, Artemis Fowl, and Soul to exclusive streaming titles. To adapt to changing consumer behavior
One of the next big questions is what is the future of the cinema business? The year 2020 was the year that the movie industry was badly damaged. How can a movie theater convince consumers to take the risk to sit in a theater instead of watching it at home? No matter what form the exit is But the entire industry will be sluggish for many years.
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