WarnerMedia CEO Jason Kilar doesn’t think he just destroyed the movie theater industry

On Thursday, AT&T’s WarnerMedia announced it would release its entire 2021 slate of films directly on HBO Max at the same time they hit theaters. Investors and industry-watchers greeted it as earth-shattering news for the movie theater industry. AMC Entertainment fell 16% on the day. Cinemark fell 22%. WarnerMedia CEO Jason Kilar thinks they’re overreacting.

Source: WarnerMedia CEO Jason Kilar doesn’t think he just destroyed the movie theater industry

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.