Can AT&T Teach Disney a New Trick?
Two of this year's most anticipated films will have a Christmas Day showdown, but it won't be happening at a multiplex near you. Walt Disney (NYSE: DIS) announced last month that Pixar's Soul will be offered to Disney+ subscribers at no additional cost starting Dec. 25. The jazzy computer-animated feature was originally set to hit theaters in June, and then November, before Disney threw in the towel on theatrical distribution entirely.
On Wednesday it was AT&T's (NYSE: T) Warner Bros. pushing an even bigger film to its own streaming service on Christmas Day. Wonder Woman 1984 will come to AT&T's HBO Max next month. Like Disney did with Artemis Fowl, Mulan, and soon Soul, AT&T thinks a highly anticipated flick can help its own nascent streaming service. However, there's a plot twist. Wonder Woman 1984 may be the star attraction that puts HBO Max on the map, but exhibitors are getting a golden lasso, too. Wonder Woman 1984 will also hit a patron-hungry multiplex near you on Christmas Day.
Image source: Getty Images.
Source Fool.com