The CEO of AMC Theaters bashed Warner Bros Pictures Group on Thursday after the media organization announced that it would be diverging from industry practice by concurrently releasing its slate of 2021 films on HBO Max and in U.S. movie theaters.
“Clearly, Warner Media intends to sacrifice a considerable portion of the profitability of its movie studio division, and that of its production partners and filmmakers, to subsidize its HBO Max startup,” said AMC CEO Adam Aron in a statement, reports Deadline. “As for AMC, we will do all in our power to ensure that Warner does not do so at our expense. We will aggressively pursue economic terms that preserve our business.”
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