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Endeavor Executive Chairman Patrick Whitesell t

Endeavor Executive Chairman Patrick Whitesell: “This is a blatant attempt to self-deal and use our clients work to build their HBO Max streaming service, which our clients have no financial interest in. The simultaneous release on HBO Max will cannibalize the domestic box office and torpedo the traditional waterfall of economics that make movies profitable in the near and longterm for the studio and for our clients. Studios by and large have been delaying releases, or with clients’ consent and inclusion in the process, selling the movies to streaming platforms. But what Warner Bros. has decided to do is push forward with a theatrical release in the darkest days.  At a time where our own government leaders are telling us to stay home and away from loved ones, Warner Bros. is doubling down on ensuring box office failure and even worse, putting moviegoers who want to see a movie in a theater at risk. Moreover, we don’t see this decision as a lifeline to the exhibitors or a way of supporting the existing business. Rather, we see this as a purely opportunistic attempt to re-write the rules of windowing to WarnerMedia’s favor, while the theater owners themselves have been brought to their knees. Given that every movie is unique in how it is financially put together for our artists, and given that inside each movie there are unique characteristics from artist to artist, we will not accept a ‘one size fits all’ approach.?

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