Movie Theaters vs Streaming? Warner Bros’ HBO Max Plan Is a Complete Paradigm Shift

”The concept of modern-day cinema has been burnt to ashes,“ Eric Schiffer of The Patriarch Organization investment firm says

The earthquake that shook Hollywood on Thursday — with WarnerMedia announcing that its entire 2021 motion picture slate will be released in theaters and streamed on HBO Max on the same day — signals a paradigm shift likely to be embraced by audiences and film companies on a permanent basis.

“The concept of modern-day cinema has been burnt to ashes,” said Eric Schiffer, CEO of The Patriarch Organization a private equity and venture capital firm based in Santa Ana. “It’s been hit with its own form of plague and this is the greatest danger to the big cinematic experience.”

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Diane Haithman

Senior Entertainment Business Reporter • diane@thewrap.com • @dhaithman

Beatrice Verhoeven

Film Editor, Twitter: @bverhoev