Space Jam 2 is coming to a couch near you.
In a move certain to shake up the movie theater industry, AT&T’s Warner Bros. announced that its entire 2021 slate of films will release on HBO Max the same day they come out in theaters. That’s an expected 17 movies available for streaming, including:
- LeBron James-produced “Space Jam: A New Legacy.”
- “King Richard,” Will Smith’s biopic about Venus and Serena Williams’ father.
- A film reboot of the Mortal Kombat video game franchise.
Other major 2021 releases from WB: “Matrix 4,” “Suicide Squad 2,” and “Sopranos” prequel “The Many Saints of Newark.”
On-Demand Success: Universal’s “Trolls World Tour” was the the first big release to skip theaters when COVID-19 hit, renting for $19.99 on a variety of platforms and raking in $100 million during the first three weeks it was available digitally.
- After the film’s success, Universal said more digital-only releases are “inevitable.” In response, AMC said it would boycott Universal films at its theaters.
- NBCUniversal later reached a deal with AMC that lets new films head to on-demand 17 days after their theatrical release, and reportedly gives AMC a cut of sales.
AMC Entertainment stock fell nearly 16% today. The movie theater chain had also announced a plan to sell $700 million worth of stock to avoid a debt default.