Latest AT&T consumer news: AT&T CEO John Stankey “Not Optimistic” On Theatrical; “I Can’t Tell You We Walked Away From The ‘Tenet’ Experiment Saying It Was A Home Run”

From Deadline:

John Stankey, CEO of WarnerMedia parent AT&T, said productions – with about 130 underway since last week – are up and running but “the question is, what does exhibition look like?”

“We don’t have great visibility on that,” Stankey said, speaking on a conference call after the telco, cable and media entertainment giant reported third-quarter earnings Wednesday. “I can’t tell you we walked away from the Tenet experiment saying it was a home run.”

Warner Bros. released the Christopher Nolan film Labor Day weekend to jumpstart exhibition. But it didn’t deliver the hoped for bang, especially with theaters in New York and California closed. That remains a major roadblock, Stankey said. Some theaters in California are open and others in New York State can reopen this Friday but core markets Los Angeles and New York City remain dark.

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