Warner Bros. has removed “Tenet” from its release calendar, delivering a big blow on the exhibition industry at a time when movie theaters had hoped to peg their re-opening to the late summer debut of Christopher Nolan’s sci-fi thriller.
The studio also announced that “The Conjuring 3” has been postponed to June 4, 2021. The eighth entry in Warner Bros.’ horror franchise was schedule to debut in theaters on Sept. 11. However, “The Conjuring: The Devil Made Me Do It” was supposed to have additional shoots scheduled for April. Since production across the globe hasn’t been able to resume, it wouldn’t be ready in time for its target release date.
Sources at Warner Bros. stress that they will have to be flexible with its plans to release “Tenet,” which means it will not have a traditional theatrical rollout. Movie theaters overseas have already started to reopen, so there’s a chance it could launch internationally prior to a domestic release. That would be welcome news for exhibitors in Europe and Asia, two robust moviegoing markets that haven’t had a new Hollywood movie to entice audiences in months.
It’s still unclear when movie theaters, especially in major markets like New York City and Los Angeles, will be able to resume operations at a large-scale level. When they do reopen, there’s no telling how eager people will be to return to the movies. Warner Bros. shelled out $200 million to produce “Tenet,” not including hefty marketing fees, meaning it’s no small gamble to unveil the film to the masses.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Variety - 🏆 108. / 63 Read more »