Analysts try to crunch the complicated economics of diverting billions of dollars of potential theatrical revenue into subscription streaming. MoffettNathanson boils it down this way: AT&T’s WarnerMedia division could lose as much as $1.2 billion in global box office revenue next year because of its decision. Notably, it’s not charging HBO Max subscribers a premium to watch 17 films that ostensibly should be in their theatrical window.
Source: WarnerMedia’s Math Problem: It Needs 8.4 Million More HBO Max Customers