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

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