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AT&T Chief Sees More Warner Bros. Movies Heading to Streaming Amid Pandemic Shutdown

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variety.com

Cynthia Littleton Business EditorWarner Bros. is adjusting its movie production and distribution plans in light of the prolonged shutdown of theaters driven by the coronavirus pandemic, AT&T CEO John Stankey told investors Thursday.Stankey emphasized that the studio still “believes in the theatrical experience” but said it is inevitable that some titles planned for a traditional theatrical will have to shift to streaming platforms including WarnerMedia’s newly launched HBO Max.“There’s no question the longer this goes on there’s going to be some content on the margin that we look at and say that it may be better served to be distributed in a different construct,” Stankey said, speaking on AT&T’s second quarter earnings call.

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