Netflix to acquire Warner Bros. and others
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Just days before Netflix emerged as the highest bidder, Paramount tore into the “myopic process” that had become “tainted.”
But, Netflix boss Ted Sarandos said on a call for investors after the deal was announced that the streamer will still release Warner Bros. films in cinemas – though he also hinted the exclusive window might shrink.
Netflix co-CEO Ted Sarandos said Friday theatrical release windows will “evolve to be much more consumer friendly.”
If the deal goes through, an algorithm-powered streaming titan would gobble up a 102-year-old movie studio synonymous with the romance of Old Hollywood.