Jason kilar, CEO of Time Warner

After deciding to release its full slate of 2021 Warner Bros. films on HBO Max under a hybrid streaming and theatrical model, it seems WarnerMedia is prepared to continue using its Warner Bros. assets for luring subscribers to the service in 2022.According to The Verge, during AT&T's second-quarter earnings call this week, the company's executives were asked about how the pandemic release model would shape a more permanent release strategy going forward, particularly as it relates to theaters.Citing the theatrical success of 'Godzilla vs. Kong' to the tune of USD 463 million in revenue, WarnerMedia chief Jason Kilar responded that while "the motion picture format absolutely matters," the company also feels "very good about the response that consumers have given it in the home."He went on to say that Warner Bros. will be producing 10 films that will debut on HBO Max the same day they're released. While it's not clear which titles these 10 will include, the decision indicates that pandemic has significantly influenced the way that WarnerMedia will tackle its movie releases moving forward. Kilar expressly stated that the company does not plan to return to a film release strategy of the past."I certainly don't anticipate us going back to the way the world was in 2015 or '16 or '17, where windows were quite lengthy between theatrical and home exhibition, whether it was an a la carte transaction or something else," Kilar said.As previously announced earlier this year when Warner Bros. reached a multi-year agreement with Cineworld for 2021 and 2022 film exhibition, Kilar confirmed that theatrical windows for "a portion of our slate" would be 45 days.WarnerMedia faced significant backlash when it announced earlier this year that its 2021 slate of films would debut under its same-day streaming and theatrical release model. Theaters were not especially pleased, but the strategy was also criticized by creators themselves, including directors Christopher Nolan and Dune director Denis Villeneuve. During the earnings call, Kilar said the industry would continue to "evolve.""I think that what you're going to see is this industry continues to evolve and to continue to innovate in ways that not only works for consumers and fans, but also works for our business partners," Kilar said.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Jason Kilar, NewsFOLLOW

Jason kilar, Latest News

International :Ukraine war: US' WarnerMedia, Japan's Epson suspend services in Russia

CNN parent company WarnerMedia is pausing all new business in Russia over the situation in Ukraine, CEO Jason Kilar announced in an internal memo obtained by several US media outlets. ...

Entertainment :WarnerMedia halts all new business operations In Russia

WarnerMedia's CEO Jason Kilar has announced on Wednesday that amid the Russian invasion of Ukraine, the entertainment conglomerate will be "pausing all new business in Russia". ...

Technology :HBO Max slated to release 10 Warner Bros. titles straight-to-streaming

After deciding to release its full slate of 2021 Warner Bros. films on HBO Max under a hybrid streaming and theatrical model, it seems WarnerMedia is prepared to continue using its Warner Bros. assets for luring subscribers to the service in 2022. ...