Uncertainty over the closure of movie theaters may force Warner Bros. and Christopher Nolan to move the release of its potential blockbuster 'Tenet' by a month or more.
On the other hand, most major circuits have said they don’t want to resume until there are major new movies for them to show, creating a game of chicken for the film business. Comscore said there are roughly 320 theaters open in the U.S. this week, including some 150 drive-ins, which have been showing older films including “Bloodshot” and indie films such as IFC’s horror flick “The Wretched.”
One exhibition industry executive expressed increasing confidence that enough theaters will reopen by early July to release “Tenet,” given the accelerating pace at which states, including California, are opening their economies. Even if theaters in Los Angeles and New York aren’t open on July 17, they probably will be soon after, said the executive, who requested anonymity because he was not authorized to comment on the plans.
A smaller distributor, Los Angeles-based Solstice Studios, will release the $33-million Russell Crowe thriller “Unhinged”. That will provide the first indication of whether there’s a pent-up desire to return to theaters after weeks of limited entertainment options during the shutdown. Some theaters are planning to play older movies, such as “Harry Potter” and “Back to the Future,” while customers get comfortable returning.
But all eyes remain on Warner Bros. and Nolan, who occupies a rare place in the film business because of his ability to draw audiences based on his reputation. The British director is famous for making commercially and critically successful movies, and often doing so with big budgets and original stories. His previous feature, 2017’s World War II thriller “Dunkirk,” grossed $527 million in global ticket sales and won three Oscars.
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