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Electronic Arts buys mobile game studio Playdemic for $1.4 billion

Video game giant Electronic Arts is continuing to make M&A moves as it looks to bulk up its presence in the mobile gaming world.
Fresh off the $2.4 billion acquisition of Glu Mobile this past April, their biggest purchase to date, Electronic Arts announced Wednesday that they are buying Warner Bros. Games’ mobile gaming studio Playdemic for $1.4 billion in an all-cash deal. The Manchester studio is best known for its release “Golf Clash” which the studio boasts has more than 80 million downloads globally.
The rather ominously-named startup is being jettisoned to its new home ahead of the $43 billion WarnerMedia-Discovery deal …

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‘Wonder Woman 1984’ is coming to HBO Max (and some U.S. theaters) on Dec. 25

Although COVID-19 is surging in the United States and around the world, Warner Bros. still plans to release “Wonder Woman 1984” on Christmas Day — but its plans are are no longer limited to a theatrical release.

Director Patty Jenkins and star Gal Gadot both posted tweets last night announcing that in in the United States, the film will be released simultaneously in theaters and on WarnerMedia’s streaming service HBO Max.

“THE TIME HAS COME,” Jenkins wrote. “At some point you have to choose to share any love you have to give over everything else. We love our movie as we love our fans, so we truly hope that our film brings a little bit of joy and reprieve to all of you this holiday season.”

A press release from HBO Max offers a few more details: The film will debut in theaters internationally on December 16, then launch in U.S. theaters and on HBO Max on December 25. It will be available to the streaming service’s U.S. subscribers for one month at no additional cost.

While the pandemic caused some films to shift from a theatrical release to streaming, the studios have mostly chosen to delay their big blockbusters. The Wonder Woman sequel (which had already moved around the calendar several times as part of normal Hollywood scheduling) was scheduled for a June release when the pandemic started, with Warner Bros. pushing the date back to August, then from August to Christmas.

Last month, the disappointing box office performance of Christopher Nolan’s “Tenet” (which Warner Bros. only released in theaters) prompted studios to delay other tentpoles like “Dune,” “No Time To Die” and “The Batman.” But they may not want be able to delay indefinitely — and in the case of WarnerMedia, this also seems like a smart way to drive subscriptions for HBO Max after a rocky launch.

Disney, meanwhile, decided to release its live action “Mulan” remake on Disney+ for an additional $29.99 (while also supporting a theatrical launch in some markets). It will be releasing Pixar’s “Soul” via streaming on Christmas Day at no additional charge.

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