Warner Media CEO Jason Kilar stated that Warner Bros. will exclusively provide more than 10 new movies to the streaming service HBO Max next year to provide for its development. Boost. Kilar said on AT&T’s fiscal second-quarter conference call that theater distribution is still very important to the company, but the success of home theater cannot be ignored.
In many ways, the format of the film is important. Kilar said It’s important in the theater…It’s important at home. From the feedback we got, it’s not just the film, but also the film we shot. All of the daily movies. We are very pleased with the reaction of consumers after watching the movies at home.
HBO and HBO Max had more than 47 million U.S. subscribers in the second quarter, an increase of 2.8 million from the first quarter. From a global perspective, the number of subscribers as of the end of June reached 67.5 million, up from 63.9 million in the previous quarter.
In 2021, WarnerMedia adopted a same-day release model for films released by the company, that is, they were released in theaters and HBO Max on the same day. This mode will be cancelled in 2022, and Warner Bros. designated films for theaters will be shown exclusively in theaters for at least 45 days.
Movies produced exclusively for HBO Max will only be shown in theaters in designated areas for a limited number of times when they hope to compete for the Oscars. From the perspective of future development, I think it is possible to make such a judgment.
I have actually expressed this view publicly before, that is, I obviously do not think that the operation of the world will go back to 2015, 2016 or 2017. At that time It’s a long time after the end of its theaters before the home theater can see the same movie through on-demand or other modes. Kilar said.
Warner Media is currently owned by AT&T, the US telecom operator, and if it can obtain regulatory approval, the company will merge with Discovery next year.
