New York -Warner Bros said late Monday it is delaying the release of “Dune” and “The Batman” movies, another setback for the entertainment industry hit by COVID-19 pandemic lockdowns and social distancing measures that have closed theatres worldwide.
Movie releases have been getting delayed even after restrictions were eased, with people still wary of stepping into cinema halls, and many theatres still not operational.
Credit rating agency Fitch promptly downgraded the company.
“Our base-case forecasts indicate that, the company’s current liquidity levels may only be sufficient until November to December 2020, assuming no revolving credit facility (RCF) extensions,” Fitch said in a statement.
Filming resumed in Britain last month and Warner Bros never confirmed or denied reports about Pattinson’s diagnosis.
“Dune” has gained a lot of traction for its cast that includes 24-year-old Timothee Chalamet, who was nominated for an Academy Award for his role in the 2017 film “Call Me by Your Name.”