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Entertainment AMC Theatres boss blasts WarnerMedia over streaming decision for 2021 blockbusters

12:20  04 december  2020
12:20  04 december  2020 Source:   msn.com

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Warner Bros. is receiving pushback from the movie theater industry surrounding their 2021 release plan, with AMC coming out against the studio. There have been few major movie releases in theaters over the past nine months as the world has grappled with the coronavirus pandemic.

“Clearly, Warner Media 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," said Adam Aron, CEO and president of AMC Entertainment, in a statement to The Hollywood Reporter.

AMC Theatres boss Adam Aron has criticised WarnerMedia over its decision to release its 2021 blockbusters on HBO Max as well as in cinemas.

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The executive has responded to the company's surprise announcement this week, which will see the likes of 'The Matrix 4', 'Dune' and 'The Suicide Squad' drop simultaneously on the streaming platform and the big screen.

In a lengthy statement, he said: "These coronavirus-impacted times are uncharted waters for all of us, which is why AMC signed on to an HBO Max exception to customary practices for one film only, 'Wonder Woman 1984', being released by Warner Brothers at Christmas when the pandemic appears that it will be at its height.

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With summer blockbusters pushing back their release dates because of coronavirus, AMC Theatres is delaying its opening once again. "This new timing reflects currently expected release dates for much anticipated blockbusters like Warner Bros.' 'Tenet' and Disney's 'Mulan,' as well as release dates for

AMC Theatres has the newest movies near you. Brilliant period mysteries and award-winning crime dramas are streaming commercial-free on Acorn TV. Watch the UK’s classic WWII drama series Foyle’s War starring Michael Kitchen or 40s-era espionage thriller Restless with Hayley Atwell.

"However, Warner now hopes to do this for all their 2021 theatrical movies, despite the likelihood that with vaccines right around the corner the theatre business is expected to recover.

"Clearly, Warner Media intends to sacrifice a considerable portion of the profitability of its movie studio division, and that of its production partners and filmmakers, to subsidise its HBO Max start up.

"As for AMC, we will do all in our power to ensure that Warner does not do so at our expense. We will aggressively pursue economic terms that preserve our business."

Aron confirmed that the company has been in touch with "the leadership of Warner" to discuss the topic.

The studio announced its new model - which also includes the likes of 'Space Jam: A New Legacy', 'Tom & Jerry', 'Mortal Kombat' and 'In The Heights' - on Thursday (03.12.20) in response to the coronavirus pandemic.

WarnerMedia Studios and Networks Group's chair and CEO Ann Sarnoff explained: "No one wants films back on the big screen more than we do.

"We know new content is the lifeblood of theatrical exhibition, but we have to balance this with the reality that most theatres in the US will likely operate at reduced capacity throughout 2021.

"With this unique one-year plan, we can support our partners in exhibition with a steady pipeline of world-class films, while also giving moviegoers who may not have access to theatres or aren’t quite ready to go back to the movies the chance to see our amazing 2021 films."

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