Warner Bros. Pictures Group chairman Toby Emmerich is considering releasing Gal Gadot’s Wonder Woman 1984 via streaming.
With the coronavirus pandemic causing businesses to close and people to remain indoors in order to slow the spread of the virus, film studios are pushing back the release dates of their tentpole projects amid a changing global market. Although Wonder Woman 1984 is currently scheduled to be released in early June, the increasing number of blockbusters being pushed back and the possibility of this coronavirus pandemic lasting for several months has some fans speculating that the long-awaited Gal Gadot film could be the next to be delayed.
According to TheWrap, Warner Bros. Pictures Group chairman Toby Emmerich and his top advisors are discussing what the future could hold for Wonder Woman 1984 amid the coronavirus pandemic. The trade notes that the studio is looking into releasing the Gal Gadot film on VOD as opposed to premiering it on HBO Max. Of course, Warner Bros. still wants the film to be released in theaters as VOD wouldn’t be as profitable and director Patty Jenkins and producer Charles Roven want the film to get pushed back to August with hopes of the pandemic dying down by then, though Jenkins has reportedly had no conversations with the studio about a streaming option.
According to insiders, the concern is that there is currently no known time for when theaters will be able to re-open and there could consequently be a limited number of favorable release dates for the many films that have been postponed by the time theaters can resume operations. Further complicating the situation, according to an insider, is the fact that there are currently no financial models for Warner Bros. to use to compare the outcomes of releasing Wonder Woman 1984 on VOD or theatrically. The Wrap notes that multiple other insiders have informed them that the budget for Wonder Woman 1984 is just shy of $200 million, a figure the studio would not confirm to the outlet.
Warner President of Domestic Distribution Jeff Goldstein told The Wrap the streaming options have not been discussed, saying, “we’re looking to release the movie theatrically, that’s our plan.” The notion of a streaming release for Wonder Woman 1984 was also dismissed by Charles Roven, who not that the Gal Gadot would need to be released theatrically if it wants a huge worldwide box office, saying, “It’s ludicrous if you consider how big a movie this is. Everybody recognizes that, as interesting as streaming might be, if you want a huge, global worldwide box office, you’ve got to release it in a movie theater.”
A recent analysis by Rich Greenfield of Lightshed reveals that billion-dollar-grossing blockbusters, which Wonder Woman 1984 has to the potential to become with a theatrical release, normally earn $375 million in profit. However, such a blockbuster would require 16-21 million downloaded units sold to replace theatrical gross profit for a $1 billion movie, assuming users would be charged $30-$40 per rental.
What do you think of the possibility of seeing Wonder Woman 1984 get a streaming release? Would it be wise of Warner Bros. to release the Gal Gadot sequel on a streaming service as opposed to simply delaying its debut? Let us know what you think in the comments section below and stay tuned to Heroic Hollywood for the latest news on the matter as it develops.
Full details on the Wonder Woman 1984 plot are being kept under wraps, but the film is said to follow Gal Gadot’s Diana Prince as she comes into conflict with a formidable new adversary named Cheetah and businessman Maxwell Lord.
Directed by Patty Jenkins from a script she co-wrote with David Callaham and a treatment she developed with Geoff Johns, the film stars Gal Gadot, Chris Pine, Kristen Wiig, Pedro Pascal, Natasha Rothwell, Ravi Patel, Gabriella Wilde, Connie Nielson, and Robin Wright.
Wonder Woman 1984 will be released in theaters on June 4, 2020.