Yeah, I still can't wrap my head around this, especially after what happened with The Suicide Squad's box office. I guess WB is determined to stick to their guns with this 2021 release strategy, but you would think that with over 3 months to go and with how much box office potential a new ****ing Matrix movie would have (especially after seeing how good this looks), that they would reconsider at this point. This just automatically will make a significant dent in the film's box office potential.
It's even worse for Dune, a film that probably has a higher budget and was already likely to be considered a "box office flop" even in normal, pre-COVID times.
An easy adjustment/compromise for this strategy would be to release the films in theaters only and then drop them on HBO Max for free after 30 days.