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Dec. 3, 2020, 3:01 p.m. EST

Warner Bros. says it will release 17 films to HBO Max streaming service as they hit theaters

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By Jon Swartz

Shattering movie-release norms, AT&T Inc.'s /zigman2/quotes/203165245/composite T +0.39% Warner Bros. on Thursday said it will release 17 films -- including "Dune," "The Matrix 4" and "The Suicide Squad" -- to its HBO Max streaming service for 31 days the same day they debut on the silver screen. News of Warners' move sent shares of AMC Entertainment Holdings Inc. /zigman2/quotes/200235402/composite AMC +4.22% down sharply 18%. The unprecedented strategy comes amid the worst stretch of the COVID-19 pandemic, which has forced the closure of movie theaters nationwide. Warner previously said "Wonder Woman 1984" will be available on HBO Max as well as theaters on Dec. 25. The studio's slate of 2021 releases include the aforementioned three movies plus "Godzilla vs. Kong" and "Space Jam: A New Legacy." The bold moves come as Warner Bros. competes with streaming services from Apple Inc. /zigman2/quotes/202934861/composite AAPL +2.28% , Walt Disney Co. /zigman2/quotes/203410047/composite DIS +1.68% , Netflix Inc. /zigman2/quotes/202353025/composite NFLX +0.40% , Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -0.0037% and others as more Americans view their entertainment from digital devices.

/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 23.17
+0.09 +0.39%
Volume: 48.92M
Dec. 8, 2021 4:02p
P/E Ratio
190.70
Dividend Yield
8.98%
Market Cap
$164.81 billion
Rev. per Employee
$746,783
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/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 32.35
+1.31 +4.22%
Volume: 46.11M
Dec. 8, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$15.95 billion
Rev. per Employee
$43,642
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 175.08
+3.90 +2.28%
Volume: 116.75M
Dec. 8, 2021 4:00p
P/E Ratio
31.22
Dividend Yield
0.50%
Market Cap
$2808.45 billion
Rev. per Employee
$2.38M
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 153.34
+2.53 +1.68%
Volume: 12.84M
Dec. 8, 2021 4:02p
P/E Ratio
140.61
Dividend Yield
0.00%
Market Cap
$274.12 billion
Rev. per Employee
$354,668
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/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 628.08
+2.50 +0.40%
Volume: 2.22M
Dec. 8, 2021 4:00p
P/E Ratio
56.61
Dividend Yield
N/A
Market Cap
$277.10 billion
Rev. per Employee
$2.66M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,523.16
-0.13 -0.0037%
Volume: 2.26M
Dec. 8, 2021 4:00p
P/E Ratio
68.89
Dividend Yield
N/A
Market Cap
$1786.83 billion
Rev. per Employee
$297,430
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