HBO Max Movie Releases Are 'Death Knell' for Theater Stocks, Jim Cramer Says

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Warner Bros. Picture Group said it would release all its new 2021 films in theaters and on its HBO Max streaming platform simultaneously.

This will cover all 17 movies scheduled for release by the studio next year, The Wall Street Journal noted, including big-budget films such as “Dune” and a new installment in the “Matrix” franchise.

HBO Max subscribers will get an exclusive one-month access period for new releases. Once the month is over, the films will finish their theatrical runs.

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