Tenet' Gets Its Own Place -- Overheard
August 05 2020 - 11:59AM
Dow Jones News
By Dan Gallagher
If Warner Bros. wants to look on the bright side, at least it
has the cineplex to itself.
The Hollywood studio now owned by AT&T has been aiming its
psychological thriller "Tenet" to be one of the first big movies to
help reopen theaters. There have been plenty of plot twists. As the
pandemic has forced states and cities to slow or even reverse their
reopening plans, Tenet is now on its third release date. Cinemark
Holdings said on its second-quarter call Tuesday that the movie is
expected to open on Sept. 3, by which time the theater chain hopes
to have at least 80% of its screens open.
At least it won't have to share them. Walt Disney said on its
results call Tuesday that it will release the live-action version
of "Mulan" on its Disney+ streaming service, where it will be
available for a $30 price. "Mulan" also had been expected to be one
of the first movies to help reopen theaters; its last official
release date was Aug. 21. The shift gives theater owners even less
content to help draw back early patrons. Cinemark boss Mark Zoradi
listed six other major releases expected this year. But only one of
those -- "Wonder Woman 1984" -- is due to come out before November.
Even if "Tenet" is a hit, it might not inspire that many repeat
viewings.
Write to Dan Gallagher at dan.gallagher@wsj.com
(END) Dow Jones Newswires
August 05, 2020 11:44 ET (15:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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