WarnerMedia CEO Jason Kilar told The New York Times he thinks blockbuster movies will have budgets of $1 billion or more in the future as streaming subscriptions grow.
WarnerMedia's CEO, Jason Kilar, has reorganized the company around its streaming business this year, which has resulted in hundreds of layoffs. Kilar has a reputation as a Hollywood outsider and a "This week, Kilar made a bold prediction for the movie business that coincides with Hollywood's growing embrace of streaming.
Big-budget movies today typically have budgets of more than $100 million, but costs have inflated in recent years. "The business model that we're doing with HBO Max is something that is incredibly scalable that allows us to do a lot of things we couldn't do," he said. "We can do these niche romantic comedies and be able to have them be economically sustainable. Right now, that's a very challenged genre in theatrical exhibition if it's just purely theatrical exhibition."
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Movies with gigantic budgets already suck because they substitute writing and acting with flying objects and explosions
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List of WarnerMedia execs who exited since Jason Kilar became CEO - Business InsiderWarnerMedia has lost at least 35 top execs since Jason Kilar became CEO and began a massive reorg focused on streaming. Here are all the leaders who have exited. good luck
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