The backlash over Warner Bros.’ plan to launch all its films on the HBO Max streaming service intensified after certainly one of Hollywood’s prime administrators criticized the transfer.
Christopher Nolan, who has a protracted relationship with the studio, criticized the plan in a press release to the Hollywood Reporter, saying the transfer made “no economic sense” and that “even the most casual Wall Street investor can see the difference between disruption and dysfunction.”
WarnerMedia, AT&T Inc.’s media arm, shocked Hollywood final week by deciding to place its complete 2021 film slate on HBO Max on the similar time the flicks hit theaters. The corporate gave little warning in regards to the plan, and it despatched shares of film chains plummeting. For actors, administrators, producers and financiers tied to Warner Bros. movies, the method threatens to undercut earnings.
Nolan’s newest movie, “Tenet,” was launched in theaters on Sept. 3. And its disappointing box-office take within the U.S., the place it made simply $57.6 million, was seen as an element behind WarnerMedia’s resolution on Thursday. The straight-to-streaming plan impacts big-budget movies corresponding to “Dune,” “The Matrix 4,” “The Suicide Squad” and “Space Jam: A New Legacy.”
Subscribers to HBO Max, which was launched in Might to compete with Netflix Inc. and Walt Disney Co.’s Disney+, will have the ability to see the flicks at no further cost — an try to jump-start progress.
Nolan, 50, advised Leisure Tonight that he met the choice with “disbelief.”
Works from prime filmmakers and stars are “being used as a loss leader for the streaming service — for the fledgling streaming service — without any consultation,” he stated. “So, there’s a lot of controversy. It’s very, very, very, very messy. A real bait and switch.”
A consultant for the director — who additionally made Warner Bros. films corresponding to “Dunkirk,” “Interstellar” and “Inception,” along with a profitable Batman sequence — didn’t instantly reply to a request for remark.
In his remarks to the Hollywood Reporter, Nolan took the criticism additional.
“Some of our industry’s biggest filmmakers and most important movie stars went to bed the night before thinking they were working for the greatest movie studio and woke up to find out they were working for the worst streaming service,” he stated. “Warner Bros. had an incredible machine for getting a filmmaker’s work out everywhere, both in theaters and in the home, and they are dismantling it as we speak. They don’t even understand what they’re losing.”