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Old March 7th, 2021 #41
Stewart Meadows
Senior Member
Join Date: May 2018
Posts: 15,546
Stewart Meadows

Filmmaker: WarnerMedia Saved ‘Hundreds of Millions’ by Streaming ‘Wonder Woman 1984’ on HBO Max

DAVID NG 7 Mar 2021

Filmmaker Joe Carnahan says streaming new-release movies — an industry adaptation to the coronavirus pandemic — is here to stay, postulating that WarnerMedia “made a lot of money” with its high-profile premiere of Wonder Woman 1984 on HBO Max.

In an interview with SlashFilm, the Narc director said the WarnerMedia-owned streaming service has irrevocably changed the movie exhibition landscape. He said the change was evident when Warner Bros. announced a third Wonder Woman sequel shortly after Wonder Woman 1984 debuted on HBO Max and in theaters.

“Do you think that’s accidental, that they didn’t do numbers that were astronomical, that suddenly they’re not paying 45 percent to an exhibitor, so that’s nearly half their profits they’re holding onto?” he said. “They’re not jetting Gal Gadot and Chris Pine and Patty Jenkins all over the globe to do all these various premieres, red carpets, with a traditional marketing model, which is hundreds of millions of dollars in its own right. You’re not doing any of that.”