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Per WP, the REMNS agreement contains a clause that protects an exclusive theatrical release. CNOLA is director Lisa Joy's brother-in-law.
In the meantime, some filmmakers at Warner Bros. may also seek to gain leverage. One movie that could end up forcing a theatrical release is “Reminiscence,” the director Lisa Joy’s science fiction drama starring Hugh Jackman. According to a person familiar with the deal, the producers’ agreement with Warner Bros. contains a clause that protects an exclusive theatrical release, and it could be enforced to delay the film’s appearance on HBO Max.
That clause may not be a surprise given the identity of Joy’s brother-in-law: Christopher Nolan.
https://www.hsx.com/forum/forum.php?id=3&pid=511331
Mortal Kombat IN THEATERS and on HBO MAX April 16, 2021 [MK3] Dec 14, 15:04
Trailer in the new year. Dec 14, 15:08
That was Reminiscence's release date in IMAX, so we may have our first title to drop out of the HBO Max deal. {nm} Dec 14, 15:10
Variety: Reminiscence has been removed from WB's calendar (could the Nolans be bolting and taking it to another studio?) {nm} Dec 14, 15:34
TOM AND JERRY moved up to Feb. 26, 2021 to avoid RAYA {nm} Dec 14, 15:35
Lisa Joy and Jonah Nolan left WBTV last year for Amazon as a very remote possibility {nm} Dec 14, 15:37
TOM & JERRY now set for Feb 26, 2021 [TMJRY] Dec 14, 15:38
Oscar eligible for this season now! {nm} Dec 14, 15:45
Deadline mirrors ERC on Reminscence "holding it for another weekend in 2021, to be determined." Dec 14, 16:18
ERC: REMINISCENCE now 2021 TBD. [REMNS] Dec 14, 15:38
Per WP, the REMNS agreement contains a clause that protects an exclusive theatrical release. CNOLA is director Lisa Joy's brother-in-law. Dec 14, 17:38
That definitely makes sense and would explain why they were ready to drop news on MK3 and then held it back last minute. Dec 14, 18:25
I guess it's out of the Oscar race. {nm} Dec 14, 16:44