AMC Reaches Deal With Warner Brothers to Showcase 2022 Slate for 45 Days in Theaters

Warner Brothers and AMC have come to an agreement about theatrical exclusivity for next year’s line up of the former.

According to the deal, AMC will showcase all of the studio’s 2022 slate in theaters for 45 days.

Warner Bros. recently announced that it would be returning to cinema-only releases next year during its parent company AT&T’s earnings call last month.

“It’s especially gratifying that Warner Bros. is yet again embracing a theatrical window,” CEO Adam Aron said during Monday’s earnings call. “For us at AMC, it’s especially pleasing to be working so harmoniously with Warner Bros. once again.”

Warner Bros. has also signed similar deals with Cineworld, the owner of Regal Cinemas, in April and Cinemark in May. The financial details of these contracts have not been made public.

WarnerMedia CEO Jason Kilar said in an earnings call last month that theatrical releases will continue to be important to the company, even as it creates streaming-only content in the future.

AMC may have reported second-quarter revenue of $444.7 million, higher than analyst expectations, but it still posted a net loss of $344 million. That’s still an improvement over the $561.2 million loss it posted a year ago.

“AMC’s journey through this pandemic is not finished, and we are not yet out of the woods,” Aron said.

“However, while there are no guarantees as to what the future will bring in a still infection-impacted world, one can look ahead and envision a happy Hollywood ending to this story.”

“We are not taking a victory lap … We are still losing money; we are still burning cash,” Aron added. “But we can see a light at the end of the tunnel.”

As of the end of June, all of AMC’s 593 U.S. theaters were open to the public and 335 of its international theaters, or about 95%, were operational.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.