Despite acquiring Warner Bros.’ film and TV business for $82.7 billion, Netflix CEO Ted Sarandos says the company will still allow Warner Bros. movies to be shown in theaters.
During a recent call with investors, Netflix’s Ted Sarandos clarified that the company supports theatrical releases. He explained that they’ve already released about 30 films in cinemas this year. However, Netflix prefers shorter periods of exclusive theatrical release, believing long windows aren’t ideal for viewers.
Sarandos confirmed that Warner Bros. movies intended for cinema release will still be shown in theaters as planned. He explained that Netflix will continue its current approach – releasing some films in theaters briefly before they become available on the streaming service. Ultimately, Netflix’s main focus is providing new movies to its subscribers, as that’s what they want.
Netflix’s CEO also discussed the potential of Warner Bros.’ extensive library of stories and characters. He highlighted the DC universe, specifically mentioning the recent series The Penguin, as a model for how Netflix intends to build upon these franchises. He explained that they’re looking beyond just big-budget films, and see countless possibilities for expanding these worlds, like they’ve begun to do with projects like The Penguin.
Netflix is planning to build on popular franchises like Harry Potter, Game of Thrones, and DC Comics to create new shows and movies, explained Ted Sarandos. They’ve had success doing this before, like with The Addams Family after acquiring MGM, and hope to repeat that success by developing more content from the intellectual property they now own.
Even though Netflix has tried to reassure people, movie theater groups are worried about the deal. The International Union of Cinemas (UNIC) cautioned that it could cause lower earnings and potentially lead to theaters closing and people losing jobs. Michael O’Leary, the head of Cinema United, described the deal as a major danger to the movie theater business worldwide.
Netflix seems determined to use Warner Bros.’ popular stories and characters, and they still want to release movies in theaters. Everyone in the film industry is paying attention to see how this approach works out. I believe Netflix developing projects like The Penguin could be a good thing for both streaming and movie theaters, as long as they continue to prioritize theatrical releases.
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2025-12-06 16:44