Warner Bros has decided to make 'Wonder Woman 1984' and 16 more of its new films available to watch on its streaming service, HBO Max, before their theatrical release. AP
Warner Bros has decided to make 'Wonder Woman 1984' and 16 more of its new films available to watch on its streaming service, HBO Max, before their theatrical release. AP
Warner Bros has decided to make 'Wonder Woman 1984' and 16 more of its new films available to watch on its streaming service, HBO Max, before their theatrical release. AP
Warner Bros has decided to make 'Wonder Woman 1984' and 16 more of its new films available to watch on its streaming service, HBO Max, before their theatrical release. AP

Where can I watch 'Wonder Woman 1984'? Key questions about Warner Bros moving new releases to HBO Max answered


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The news that Warner Bros will release its entire 2021 slate of films on streamer HBO Max, which is also owned by the Hollywood studio, rather than solely in US cinemas has created a furore in the entertainment industry.

"Some of our industry's biggest filmmakers and most important movie stars went to bed the night before thinking they were working for the greatest movie studio and woke up to find out they were working for the worst streaming service," Batman Begins and Tenet director Christopher Nolan told The Hollywood Reporter this week.

But what does this mean for cinema-goers next year, and why are filmmakers getting so up in arms about the straight to streamer model? Let us explain …

What films will be available on HBO Max?

Warner Bros has approved a slate of 17 films which will bypass the standard 90-day waiting period between appearing at the cinema before being made available on other platforms.

The Suicide Squad, Godzilla vs Kong, Dune, The Matrix 4, Lin Manuel Miranda's In the Heights, Clint Eastwood's Cry Macho, Space Jam: A New Legacy and the hugely anticipated Sopranos prequel, The Many Saints of Newark, are just some of the titles being sent straight to streaming.

The 2021 slate also includes Denzel Washington's The Little Things, Judas and the Black Messiah, a Tom and Jerry remake, a Mortal Kombat adaptation, the Will Smith-starring King Richard, Angelina Jolie's Those Who Wish Me Dead, James Wan's MalignantThe Conjuring: The Devil Made Me Do It and Reminiscence starring Hugh Jackman.

Wonder Woman 1984 will also be released on HBO Max on Friday, December 25, the same day it's in cinemas, it was also announced last month.

Why is Warner Bros putting films on HBO Max?

It’s likely Warner Bros saw this as a way to win a lot of new subscribers on its streaming platform. The studio would also avoid the potential of severe losses at the box office should cinemas remain closed or movie-goers continue to stay away in 2021.

"Many in Hollywood think WarnerMedia opted for this drastic move to play to streaming-infatuated Wall Street and redo the botched launch of HBO Max, which has netted a dismal 8.6 million 'activated' subscribers so far," notes The Hollywood Reporter. For comparison, Netflix has 195 million subscribers globally.

Will 'Wonder Woman 1984' be at cinemas?

Yes. All films will be simultaneously released on HBO Max and at cinemas, Warner Bros said. The titles will appear on HBO Max for one month before being removed from the platform, while at cinemas, "films will cycle through the usual release 'windows', leaving theatres when interest has run out", the New York Times reports.

After that, they will follow the familiar process of being made available on iTunes and DVD, before returning to HBO Max.

Warner Bros said it will still release its films in cinemas in countries which don’t have access to HBO Max, such as the UAE.

Why are theatre owners angry with Warner Bros?

Traditionally, films are released at the cinema first. A window of around 90 days is then observed before the film is made available on other platforms. Also, in order for a film to be considered for an Academy Award nomination, it must have had a theatrical release, which is why Netflix and other streamers began releasing their pictures for limited runs to qualify.

This year, however, films that debut on a streaming service without a theatrical run are also eligible for Oscars, in response to how the pandemic has impacted the film industry.

Cinemas fear they will collect reduced or no revenue from these releases. They are also afraid customers won't return to cinemas if they get used to watching new films from the comfort of their sofas.

Why are Hollywood stars upset about the move?

In addition to their salaries for starring in a film, the agents for top Hollywood stars also negotiate “points” for their A-list clients, which is a share of the profits (“the back end”). They receive this once the film goes into profit.

If a film isn’t released globally at the cinema, it is unlikely to break even, let alone move into the black. Thus, actors and actresses don’t get their share of the profits.

Why are talent agencies against this move by Warner Bros?

The big talent agencies in Hollywood include CAA (Creative Artists Agency) and WME (William Morris Endeavour). Between them, they represent most of the top-tier literary, acting, producing and directing talent. Sources told The New York Times that the agencies were not kept in the loop about the move to streaming.

"To prevent the news of the 17-movie shift from leaking (and to make the move speedily rather than get mired in the expected blowback), WarnerMedia kept the major agencies and talent management companies in the dark until roughly 90 minutes before issuing a news release," the NYT reported. "The surprise move left agencies on a war footing."

Will the Covid-19 vaccine bring audiences back to the theatre?

Despite industry talk from other major studios that the vaccine will be a magic solution for an industry that was already struggling even before the pandemic, Warner Bros aren’t of the opinion that audiences will flock to US cinemas once they reopen.

"Like a lot of businesses, theatres are in a tough spot right now," Jason Kilar, WarnerMedia's chief executive, told The New York Times. "We are all in the middle of a pandemic, and we are all trying to figure our way through it. One of the things we can do to be helpful to them is to provide them with a steady stream of big-budget, well-told stories."

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Mobile phone packages comparison

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The stats

Ship name: MSC Bellissima

Ship class: Meraviglia Class

Delivery date: February 27, 2019

Gross tonnage: 171,598 GT

Passenger capacity: 5,686

Crew members: 1,536

Number of cabins: 2,217

Length: 315.3 metres

Maximum speed: 22.7 knots (42kph)

ESSENTIALS

The flights 

Etihad (etihad.com) flies from Abu Dhabi to Mykonos, with a flight change to its partner airline Olympic Air in Athens. Return flights cost from Dh4,105 per person, including taxes. 

Where to stay 

The modern-art-filled Ambassador hotel (myconianambassador.gr) is 15 minutes outside Mykonos Town on a hillside 500 metres from the Platis Gialos Beach, with a bus into town every 30 minutes (a taxi costs €15 [Dh66]). The Nammos and Scorpios beach clubs are a 10- to 20-minute walk (or water-taxi ride) away. All 70 rooms have a large balcony, many with a Jacuzzi, and of the 15 suites, five have a plunge pool. There’s also a private eight-bedroom villa. Double rooms cost from €240 (Dh1,063) including breakfast, out of season, and from €595 (Dh2,636) in July/August.

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
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Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

The Lowdown

Us

Director: Jordan Peele

Starring: Lupita Nyong'o, Winston Duke, Shahadi Wright Joseqph, Evan Alex and Elisabeth Moss

Rating: 4/5

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

LUKA CHUPPI

Director: Laxman Utekar

Producer: Maddock Films, Jio Cinema

Cast: Kartik Aaryan, Kriti Sanon​​​​​​​, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana

Rating: 3/5

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Directed: Smeep Kang
Produced: Soham Rockstar Entertainment; SKE Production
Cast: Rishi Kapoor, Jimmy Sheirgill, Sunny Singh, Omkar Kapoor, Rajesh Sharma
Rating: Two out of five stars 

INVESTMENT PLEDGES

Cartlow: $13.4m

Rabbitmart: $14m

Smileneo: $5.8m

Soum: $4m

imVentures: $100m

Plug and Play: $25m

Women & Power: A Manifesto

Mary Beard

Profile Books and London Review of Books 

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RESULTS

Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.

Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.

Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.

Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.

Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.

Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.

Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0

Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.

Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.

Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.