Warner Bros. is adjusting its movie production and distribution plans in light of the prolonged shutdown of theaters driven by the coronavirus pandemic, AT&T CEO John Stankey told investors Thursday. Stankey emphasized that the studio still “believes in the theatrical experience” but said it is inevitable that some titles planned for a traditional theatrical will have to shift to streaming platforms including WarnerMedia’s newly launched HBO Max.
Source: AT&T Chief Sees More Warner Bros. Movies Heading to Streaming Amid Pandemic Shutdown