Hollywood studio Warner Bros. will produce a minimum of 10 films solely for streaming service HBO Max in 2022, in keeping with WarnerMedia CEO Jason Kilar, who oversees each divisions.
As Kilar revealed plans for the 10-film slate, he insisted to buyers on Thursday that theatrical releases will proceed to be essential to the corporate. However, he mentioned WarnerMedia can’t deny the current success of at-home viewing by way of its streaming service.
“The motion-picture format completely issues and it issues in a lot of methods,” Kilar mentioned on the second-quarter earnings name of WarnerMedia mother or father AT&T. “It issues in theaters … In addition they matter at dwelling … We really feel superb in regards to the response that customers have given it within the dwelling.”
Kilar has been a lightning-rod determine in Tinseltown, swooping in final 12 months to guide a large restructuring that included sending newly launched Warner Bros. flicks like “Area Jam” on to HBO Max once they premiere in film theaters, basically shattering the theatrical window.
Kilar mentioned the movies made only for HBO Max will solely hit cinemas in restricted runs at choose places if they’re anticipated to be Oscar contenders.
“By way of the place issues go sooner or later, I feel it’s honest to say that, and I’ve mentioned this earlier than publicly, I actually don’t anticipate us going again to the way in which the world was in 2015 or 2016 or 2017, the place home windows had been fairly prolonged between theatrical and residential exhibition whether or not it was an a la carte transaction or one thing else,” Kilar mentioned.
On the identical time, the corporate mentioned its pandemic technique of releasing films concurrently on the large display and on HBO Max will disappear in 2022. Warner Bros. movies which can be earmarked for theatrical launch will run solely in cinemas for a minimum of 45 days. Previous to the pandemic, the theatrical window had been a minimum of 90 days.
However all of that is topic to alter. In Might, AT&T reduce a $43 billion deal to spin off WarnerMedia to Discovery, proprietor of channels like Meals Community, Animal Planet and TLC.
Kilar instructed staffers that he expects to go away WarnerMedia in mid-2022, which is across the time that the leisure unit’s merger with Discovery will possible shut.
Throughout the second quarter, HBO and HBO Max topped 47 million US subscribers, up almost 2.8 million from the earlier quarter. Globally, subscriber numbers hit 67.5 million, up from 63.9 million final quarter.