Warner Bros. films will continue to be released in theaters: Netflix
Warner Bros. movies will still be screened in theaters, Netflix announced on Friday. However, it added that exclusivity windows will «evolve» to make them more accessible to consumers.
According to Variety, Ted Sarandos, the CEO of the platform, reiterated during a conference call with investors that he has «no opposition to movies in theaters» and anticipates releasing Warner Bros. films in theaters should it finalize the $82.7 billion agreement to acquire the studio and HBO Max.
However, Sarandos clarified that the lengthy theatrical exclusivity windows that feature films have before being made available on streaming services are a concern for the online content provider.
Nevertheless, he said that the business «would not consider this a change in approach for Netflix films or for Warner Bros. films.»
Warner Bros. Discovery (WBD), which includes its film and television studios, as well as HBO and HBO Max, will be acquired by Netflix for $82.7 billion, the two companies revealed in a joint statement on Friday.
The three media behemoths interested in purchasing Warner Bros. Discovery, including Paramount and Comcast, were defeated by the entertainment giant’s final offer.
