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‘Matrix’ co-producer sues Warner Bros. over HBO Max streaming release

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Keanu Reeves, Carrie Anne Moss, and Carrie Anne Moss are the stars of Warner Bros. “The Matrix Resurrections.”

Warner Bros.

Village Roadshow Entertainment was a producer of “The Matrix Resurrections”. has filed a lawsuit Warner Bros. was accused of breaking contract by releasing the sequel simultaneously on HBO Max, and in theatres, according to The Wall Street Journal.

Los Angeles Superior Court filed the suit Monday. The suit alleges WarnerMedia is a division of AT&T,To increase HBO Max’s subscriber base, we pushed the release date of the film to 2021 rather than 2022.

CNBC did not receive a response from Warner Bros. Representatives have yet to comment.

“WB’s sole purpose in moving the release date of ‘The Matrix Resurrections’ forward was to create a desperately needed wave of year-end HBO Max premium subscriptions from what it knew would be a blockbuster film, despite knowing full well that it would decimate the film’s box office revenue and deprive Village Roadshow of any economic upside that WB and its affiliates would enjoy,” the suit said, according to WSJ.

Warner Bros. determined in 2020 that all of its films from 2021 would be available in theatres and on HBO Max the same day. In the early days after the pandemic when vaccines weren’t widely available, and people were reluctant to go back to the cinemas again, this practice proved to be very useful. These dual releases had a significant impact on box office ticket sales towards the end 2021.

The Box Office disappointed with “The Matrix Resurrections,” partly because it was simultaneously released and partly because its target audience, who is more mature than moviegoers who were most active returning to cinemas in the past, did not like the film.

Village Roadshow isn’t the only studio to be sued over its date and day release strategy. Scarlett Johansson brought a suit against Village Roadshow in July. DisneyAlleging that she was responsible contract to star in “Black Widow” was breachedThe media company Disney+ released the film simultaneously in theaters. The two parties settled the dispute in September.

Read the full report from the Wall Street Journal.

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