A Tale of Two Summer Blockbusters
Early in the pandemic, it seemed there were only two films that could save the day for the multiplex industry. Disney's (NYSE: DIS) Mulan -- originally slated for a late March release until theaters across the country closed down in mid-March -- repositioned itself for a July 24 debut. Tenet -- the handiwork of AT&T's (NYSE: T) Warner Bros. -- initially stuck to its July 17 premiere.
The rest of the summer's biggest releases got out of Dodge. Those films delayed theatrical premieres to late 2020, pushed back openings until summer 2021, or bypassed the movie house entirely with premium-priced digital streams.
Once it became clear that AMC Entertainment Holdings (NYSE: AMC) and the rest of the country's movie theater operators wouldn't open by July, AT&T and Disney chose different paths. Tenet got pushed back for a Sept. 3 multiplex debut. Meanwhile, on Sept. 4, Mulan became available exclusively to Disney+ subscribers willing to pay $29.99 for streaming access.
Source Fool.com
