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    Warner Bros. delays many releases including “The Batman”

    By SHOOTUpdated:No Comments1124 Views
    This Oct. 27, 2019 file photo show actor Robert Pattinson at the Governors Awards in Los Angeles. Warner Bros. is delaying a batch of releases including “The Batman” and “The Sopranos” prequel “The Many Saints of Newark.” The studio said Monday, April 20, 2020 that “The Sopranos” film will be pushed from September 2020 to a March 2021 release, while “The Batman” starring Pattinson will be delayed four months to October 2021. (Photo by Jordan Strauss/Invision/AP, File)
    LOS ANGELES (AP) --

    Warner Bros. is delaying a batch of theatrical releases including "The Batman" and "The Sopranos" prequel "The Many Saints of Newark." 

    The studio says Monday that "The Sopranos" film will be pushed from September 2020 to a March 2021 release, while "The Batman" starring Robert Pattinson will be delayed four months to October 2021.

    Many studios have shuffled release dates due to both shuttered productions and the closure of movie theaters to prevent the spread of the coronavirus. 

    This year also lost the Will Smith drama "King Richard," which has been moved back a year to November 2021, and a biographical drama about Black Panthers activist Fred Hampton set for August which now has no release date. 

    Baz Luhrmann's yet-to-be-titled Elvis film that Tom Hanks was shooting in Australia when he and Rita Wilson tested positive for COVID-19  was delayed a month to November 2021.

    The studio has not abandoned summer 2020 entirely, however. Warner Bros. still has Christopher Nolan's "Tenet" dated for July 17 and "Wonder Woman 1984," which was pushed back from June, for an Aug. 14 theatrical release.

    And one film even moved up on the calendar: The DC superhero film "The Flash" is now expected in June 2022 instead of July. 

    Tags:coronavirusThe BatmanThe Many Saints of NewarkWarner Bros.



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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