Village Roadshow sued Warner Bros., alleging that the studio sabotaged the theatrical release of TheMatrixResurrections in order to drive subscribers to HBO Max.
to release its entire 2021 theatrical slate simultaneously on its streaming service, including “Dune,” “The Suicide Squad” and “King Richard.” The studio ended up paying out millions of dollars to profit participants to make up for lost box office revenue.
The film has grossed just $148 million at the box office to date — a fraction of the gross reaped by the three earlier films. The suit accuses Warner Bros. of deliberately harming the film’s box office to prop up HBO Max, at the expense of the future viability of the franchise. Village Roadshow also argues that the simultaneous release also facilitated piracy, further cutting into the film’s revenue potential.
Village Roadshow notes that Warner Bros. delayed some of its wholly owned projects — “The Batman” and “Black Adam” — into 2022, and will be giving them exclusive theatrical releases. The suit also cites the success of the exclusive theatrical release of Sony and Disney’s “Spider Man: No Way Home,” arguing that Warner Bros.’ simultaneous release strategy was not necessitated by the pandemic.
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