Shares of movie theater operators tumbled Thursday, AT&T Inc.'s T, +0.32% Warner Bros. said it will release all of its 2021 files simultaneously in theaters and its HBO Max streaming service, as The Wall Street Journal reported. AMC Entertainment Holdings Inc.'s stock AMC, -16.08% sank 18.1% in afternoon trading.
shed 7.7%. The selloffs come on a day that the S&P 500 SPX, -0.19% rose 0.2% toward a record close. Meanwhile, AT&T shares tacked on 0.2%.
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HBO Max exec interview about Warner Bros. 2021 movie release strategy - Business InsiderThe exec in charge of HBO Max breaks down the Hollywood-shaking decision to release all 2021 Warner Bros. movies to streaming and theaters simultaneously: 'Predictability is at a premium' good
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