A few thoughts while pondering whether James Corden’s denial a “butthole cut” of Cats exists is proof it totally exists.
Just like the rest of 2020, the last week has contained eight months worth of news. And that’s just in the entertainment world and doesn’t even take into account the attempted coup taking place or the fact that an entire political party has pulled away the mask to show off its anti-democratic nature.
Warner Bros. Uses HBO Max To Plan For The Future
Yes, the news that Warner Bros. plans to release its entire 2021 movie slate to both theaters (at least any that are open) and HBO Max is a huge deal.
No, this is not WB offering up theaters as a sacrifice. I don’t think Jason Kilar or anyone else actively wants to destroy the theatrical exhibition industry, but they *do* want to maintain their own business and for the foreseeable future going direct-to-consumer is the best way to do that.
To that point, a survey from Deloitte reports most people aren’t going to feel comfortable going to a theater until at least the middle of next year. That means the theater industry isn’t likely to move upward significantly until the second half – or later – of 2021, a window that roughly lines up with when enough of the U.S. population has received the pending Covid-19 vaccines to impact communal spread.
Despite that, WB’s announcement seems to have unlocked the rare achievement of honking off almost everyone within the movie industry.
- Theater chains were angered because they thought the Wonder Woman 1984 shift to HBO Max was a one-off. Their stock prices dropped just as you would expect them to and AMC Theaters has once again said it will have to secure an influx of cash to survive past early 2021. Independent cinemas weren’t thrilled either.
- Directors Denis Villeneuve and Patty Jenkins, who helmed Dune and WW84 respectively, have blasted the move, with Villeneuve specially calling out how it betrays a lack of respect for the art of cinema and instead is about the debt management of a telecom behemoth.
- There’s also, of course, director Christopher Nolan, who said it showed WB panicking and “dismantling” a great studio. Whether or not he’s self-aware to realize the theatrical release of Tenet he insisted upon despite the pandemic helped lead to this change remains up in the air.
- In fact the Director’s Guild of America is pretty upset as well.
- Legendary, the production company behind Godzilla vs. Kong and more, which reportedly had less than an hour’s notice before the announcement was made and is upset because it had Netflix on the line for GvK but still wanted a theatrical release.
Disney Announces [checks notes] Literally Everything
On the heels of Warner Bros. grabbing a hammer and walking over to the “Break glass in case of once-in-a-generation-pandemic” box where it kept HBO Max, Disney took its Investors Day presentation to announce scores of projects and changes. Those announcements were, depending on who you talk to, either A) the greatest things ever, of B) soulless exploitation of beloved characters with no respect for the individuals who created them decades prior.
- The timing of Jenkins being announced as the director of an upcoming Star Wars movie is coincidental to that of the WW84 HBO Max news. The former has likely been in the works for a long time while the latter just broke a week ago, so I’m not reading too much into that.
- 20th Century Studios and Searchlight Pictures, the remnants of 20th Century Fox, are becoming producers of content for Hulu, which is kind of a sad fate for a once major movie studio.
- Disney is doing what WB didn’t and clearly laying out tiers for feature film distribution. Tier One (Theatrical): MCU, including Black Widow, and Star Wars; Tier Two (Windowed): Raya and the Last Dragon etc will get the same Disney+ Premier Access Mulan did; Tier Three (Disney+): Live action remakes like Pinochio and others or legacy sequels like Sister Act 3.
What all of this means to my eye is that the battle lines for the second phase of the Streaming Wars have just been laid out.
Companies like Netflix and even Amazon Video have long felt that the key to expanding on existing success was the development or acquisition of some major blockbuster movie franchises all their own. Netflix might have something brewing if the Russo Bros. can build on the success of Extraction, which they said they have plans to. Recent hits like The Old Guard and Enola Holmes could also easily be turned into ongoing series if the creators are on board. And Amazon might be hoping it can do something with Without Remorse, which it acquired from Paramount.
Warner Bros. could do that with their own properties on HBO Max, but how it handled the recent news means they’re now working from a deficit in terms of goodwill among agents, directors and others.
Right now Disney is the only player actually executing on that strategy, counting on the impressive portfolio of brands and properties it manages to keep people coming back to Disney+ for spinoffs, sequels, prequels and other expansions.
If I were a betting man, I’d say that a year from now we’re having a very different conversation. Platforms have realigned, studios have altered their strategies and at least one studio has been purchased by a tech company, probably either Apple or Alibaba.
Whatever happens, this last week has been a very, very interesting two months.