Netflix and Warner Bros. deal is far from a sure thing
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Netflix CEO Ted Sarandos promised that Warner Bros. movies will get a theatrical release, but 'windows will evolve.'
Netflix is making seismic shifts in the entertainment business that might eventually impact Bay Area movie theaters. Netflix announced on Friday that the streaming service struck a deal with Warner Bros.
Warner Bros.’ studios are world-class, with Warner Bros. recognized as a leading supplier of television titles and filmed entertainment. HBO and HBO Max also provide a compelling, complementary offering for consumers. Netflix expects to maintain Warner Bros.’ current operations and build on its strengths, including theatrical releases for films.
Ted Sarandos told investors that Netflix will not block Warner Bros movies from reaching the big screen. He said the streamer expects to keep the theatrical pat
As per the latest update, Netflix has asked subscribers to wait for further information regarding its acquisition of Warner Bros., as several steps and regulatory approvals are still pending before the deal can be finalised.