AT&T's Bold Move With "Wonder Woman 1984" Deals Another Blow to Theaters

AT&T (NYSE: T) will be releasing Wonder Woman 1984 (WW1984) on its HBO Max streaming service the same day the movie hits theaters. WW1984 was pushed back multiple times this year due to conditions created by the coronavirus pandemic, and the long delays and challenging theatrical market prompted AT&T to pursue a different distribution strategy. Comments from AMC Entertainment (NYSE: AMC) CEO Adam Aron stating that his company is "fully on board" with the new release plan suggest that AT&T's Time Warner unit may have made a deal with large theater chains regarding the distribution of WW1984.