Movie giant Warner Bros. announced last week that it would release its 2021 films in theaters and on HBO Max. Experts say that while the announcement is a big deal for both the film and streaming industries, it won’t fundamentally change either sector.
The film studio said it would release a total of 17 films in 2021, both in theaters (where possible) and on HBO Max, where they will be available for a total of 30 days after their initial release.
“The Warner Bros. news is interesting because we’ve seen the one-off Mulan on Disney Plus and a few other series, but this is on a whole other level because we’re talking about a billion dollars worth of content,” Dan Rayburn, a digital media analyst at consulting firm Frost & Sullivan, told Lifewire over the phone.
Warner Bros. calls it a "consumer-focused distribution model" and a "hybrid plan" that will only last a year. Some of the films the studio will release on HBO Max include Space Jam: A New Legacy, The Suicide Squad, Tom & Jerry, Godzilla vs. Kong, Mortal Kombat and Matrix 4.