For as impressive as Dan Trachtenberg’s (10 Cloverfield Lane) Prey, the origin story of the successful Predator franchise is, it’s a travesty that this movie did not receive a theatrical release. From Forbes.com about the movie’s release to Hulu/Disney+, over a theatrical fun.
Since ‘Prey’ was a holdover before Disney bought Fox in 2019, the potential for post-theatrical streaming boosts was contractually limited. Had it been released in theaters, its post-theatrical afterlife would have begun not on Disney+ or Hulu but on HBO Max. However, if Disney wanted the film in theaters badly enough, they likely could have worked out a post-theatrical deal akin to ‘Death on the Nile, ‘ which premiered at home after theatrical on both Hulu and HBO Max. It didn’t, so theatrical was never in the cards.