Warner Bros' plan to stream new movie releases will not only rock the theater industry, but also impact the U.S. economy ... according toThe"Shark Tank" star joined"TMZ Live" Friday to break down Warner's game-changer -- streaming its blockbuster 2021 films on HBO Max, while also releasing them in theaters. He says it's a big win for movie buffs and distributors like WB.
But, he can already see how it will shift the economy as a whole because he's lived through it. Remember,"Trolls World Tour" was released on demand, and in theaters earlier this year -- and you gotta see how that ended up costing him $200. He explains why the cash is spread out to more companies when ya go to a theater, as opposed to staying home to watch a new movie.
Is another disruption like Uber or Air BB they are eliminating the distribution channel taking that profit back while this gets solved.
It's the death of the movie theaters.
Wonder Woman 1984 was ready for a November 2019 release. The decision to delay it into 2020 cost them a billion!
I miss going to the theater to watch movies. I look forward to the day when it will be safe to go to the show once again.
This is good cause they get new product out with revenue streams from 1st month release (theaters & HBO MAX) & then revenue from DVD and on line rentals, DVD sales, and other streaming platforms plus merchandising. Now they get nothing - but people will ALWAYS go theaters.
Check Out My New Single Today Via Spotify Broke Hoes by Mac Dezz, Hi-class NowPlaying