In a surprising break from industry standards, Warner Bros.’ entire 2021 slate — a list of films that includes “The Matrix 4,” Denis Villeneuve’s “Dune” remake, Lin-Manuel Miranda’s musical adaptation of “In the Heights,” “Sopranos” prequel “The Many Saints of Newark” and “The Suicide Squad” — will debut both on HBO Max and in theaters on their respective release dates. The shocking move to simultaneously release movies day-and-date underscores the crisis facing movie theaters and the rising importance of streaming services in the wake of a global health crisis that’s decimated the film exhibition community.
HBO Max, at $15 a month, just became worth its price. Now the only thing wrong with HBO Max is that stupid name.
Meanwhile, theater stocks are in free fall.