Popular streaming platform, Netflix, has acquired the world-class movie studio and streaming business, Warner Bros., to combine its global streaming platform with Warner’s timeless entertainment library.
While the big deal is still in the works, it has caused concern among filmmakers about the future of upcoming big screen movies.
The streamer’s co-CEO Ted Sarandos tried to ease public concern, insisting the platform is not “opposed to movies in theaters,” as the streamer said it “expects” to release Warner Bros. movies. if it completes the $82.7 billion deal for the studio and HBO Max.
He explained, “It’s not like we have this opposition to movies in theaters.” It simply criticizes the traditional model, in which movies remain exclusive to theaters for many weeks before becoming available on streaming or home video.
Sarandos further stated that he believes the large windows limit consumer choices, as people want the flexibility to watch it earlier at home.
“I wouldn’t see this as a change of approach for Netflix movies or for Warner movies,” he said. “I think, over time, windows will evolve to be much more consumer friendly.”
Additionally, in a statement accompanying the deal announcement, Netflix confirmed that it “…expects to retain Warner Bros. current operations and build on its strengths, including theatrical releases for films.”
Over time, Netflix itself became more and more open to releasing certain movies in theaters, giving them a limited exclusive theatrical release.
These are usually award nominees, such as Noah Baumbach’s Jay KellyGuillermo del Toro Frankenstein and Kathryn Bigelow A house made of dynamite.
Netflix also announced that it will release Greta Gerwig’s Narnia: The Sorcerer’s Nephew in Imax venues of the year.
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