New SpongeBob movie skipping theatres; will launch for rent on demand in 2021

The SpongeBob Movie: Sponge on the Run is skipping theaters due to the coronavirus pandemic and instead will launch for rent on demand in early 2021. 
Following the initial release, it will then land exclusively on CBS All Access.
The movie was originally supposed to hit theaters on May 22, then was postponed until August 7, then pulled entirely from cinemas.
This marks the third SpongeBob movie so far. 
In 2004, The SpongeBob SquarePants Movie was released and in 2015 The SpongeBob Movie: Sponge Out of Water hit theaters.

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