AMC Theaters CEO Adam Aron believes that Warner Bros. is sacrificing the profitability of the studio, production and director with its new plan to release HBO Max 2021. Warner Bros. announced today that his 17-movie film, which will be released next will appear on HBO Max day-and-date with theaters and will remain in the streaming service for one month. The film will be removed from HBO Max later this month, but the theatrical release will continue to be shown in theaters, such as AMC. The company’s chief executive denied the decision today in a statement to The Hollywood Reporter.
“Clearly, Warner Media intends to sacrifice a significant portion of the profitability of its film studio division and that of its production partners and filmmakers to subsidize the launch of HBO Max,”
; said Aaron, who is also president of AMC Theaters. “As far as AMC is concerned, we will do everything we can to ensure that Warner does not do this at our expense. We will aggressively pursue economic conditions that preserve our business.” Aron said AMC Theaters is already in an “immediate and urgent dialogue” with Warner Bros. He also said that the theater chain is confident that the incoming vaccines against COVID-19 will make it easier for moviegoers to return to the cinemas safely and calmly.
Aaron’s statement came the same day that the theater chain announced that it would sell 200 million shares to raise $ 844 million, leading to a 17% drop in shares, according to Variety.
DC Extended Universe: Any upcoming movie