IndieWire’s Tom Bruggemann goes through all the options for the release of Christopher Nolan’s Tenet:
So now what does Warners do? Given the multiplicity of stakeholders, is there even such a thing as a “right” choice? There’s the studios’ need to see revenue against a film that cost $400 million between production and marketing; films are financed by borrowing, and interest piles up the longer a film remains unreleased. There’s the film’s significance to the exhibition ecosystem, which could collapse; there’s the consideration of whether “Tenet” is actually the best movie to lead theatrical reopening; and there’s honoring the preferences of the studio’s most important director. With no single solution likely to satisfy most people, Warners is in an unenviable position.