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Pandemic shift gets movie studio in court



For those who hate the sticky floors of cinemas, it has long been a utopian dream that movies would be available for home streaming the same day – the pandemic made it a reality and at least one studio is facing a trial because of it.

As reported in the New York Times, the film production and financing company Village Roadshow on Monday filed a lawsuit against its partner Warner Bros. Entertainment and claimed that the studio was engaged in "conscious and consistent concerted efforts" to reduce the value of Village Roadshow's intellectual property rights by releasing the dystopian saga "The Matrix Resurrections" simultaneously in theaters and on the HBO Max streaming service.

WarnerMedia, which owns both Warner Bros. and HBO Max, released all of their 2021

movies simultaneously in theaters and on its streaming platform.

Still, the complaint claims that Warner Bros. used the pandemic as an excuse, claiming that Warner Bros. hurried to release the film until he lp increases HBO Max subscriptions, a revenue stream that Village Roadshow does not benefit from.

"The Matrix Resurrections" earned only $ 37 million at the domestic box office – the last three Matrix films earned between $ 139 million and $ 282 million at the box office, according to boxofficemojo.com.


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