Warner Bros. will stream movies on HBO Max the same day they drop in theaters

Warner Bros. will stream movies on HBO Max the same day they drop in theaters.

In a momentous decision that could upend the way movies are distributed in the future, Warner Bros., the world's second-largest movie studio, announced it would stream all of its 2021 movies at the same time they hit theaters.

The movies include "Matrix 4," "Dune," "Judas and the Black Messiah," "Space Jam: A New Legacy," "The Suicide Squad" and the film adaptation of "In The Heights," among others, WarnerMedia announced Thursday. WarnerMedia, which owns CNN, is the parent company of Warner Bros. and HBO. Shares of movie theatre operators AMC and Cinemark fell more than 15% on the news.

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