Movie theaters reeling due to coronavirus restrictions
FOX Business’ Kristina Partsinevelos on how movie theaters are struggling amid the pandemic.
Movie exhibitors are reportedly considering hitting back after Warner Bros. announced that their 2021 slate would debut on HBO Max and in theaters on the same day.
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The announcement was a blow to theaters, which have taken a major hit over the course of the year due to closures and limited capacities amid the ongoing coronavirus pandemic.
The list of 17 films that will immediately go to streaming includes some massive properties, including "The Matrix 4," "Dune," "In the Heights," and "The Suicide Squad," which theaters were counting on to help them recuperate after a tough year.
Now, some theater chains are considering slashing the prices of tickets to see those movies, according to The Hollywood Reporter.
WARNER BROS. WILL RELEASE ALL 2021 FILMS ON STREAMING SERVICE HBO MAX AND IN THEATERS
The tickets could cost as little as $3 to $5, the report states, citing insiders.