Netflix Co-CEO: Acquiring Warner Bros. will bring more movies to theaters
Netflix co-CEO Ted Sarandos believes that acquiring Warner Bros. Discovery (WBD) will bring "good long-term results."
After acquiring Warner Bros. Discovery, the number of films released in theaters will increase, in response to Hollywood's long-standing criticism of Netflix for "neglecting theaters."
If the deal is finalized, Netflix will leverage Warner's established distribution network to provide more high-quality films to theaters.
Netflix has committed to maintaining a 45-day theatrical exclusivity period for Warner films. However, it is not inclined to formalize such commitments in written contracts. (Bloomberg Television)
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