AT&T CEO Defends Warner Bros.’ Streaming Plan, HBO Max Nears 12.6M Activated Subs | Hollywood Reporter

Stankey called the lack of theatrical business amid the pandemic “unfortunate.” Licensing films to other streamers is like giving “competitors additional arms” though, which is why “we knew we needed to try something different.” He added: “Getting the product out into the market … is important.” And he warned: “snow ploughing” all films into late 2021 or 2022 won’t help the market. In the end, he argued, the market will be “dictated by what consumers choose to do.” – Georg Szalai, The Hollywood Reporter » https://ift.tt/39VayMj