Warner Bros, Bidders Brace
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Netflix's deal to acquire Warner Bros. raises concerns for Tulsa’s Admiral Twin Drive-In. While Netflix promises current theatrical releases will continue, experts warn the evolution of release windows could reshape the movie theater landscape.
Canadian producers were already finding it tougher to get in front of Warner Bros. executives after the studio merged with Discovery - a Netflix or Paramount deal would take another buyer off the table.
A Friday agreement between Netflix and Warner Bros. Discovery will reshape the entertainment industry as the streamer
Netflix co-CEOs Ted Sarandos and Greg Peters projected confidence and asserted that a Netflix takeover of Warner Bros. and HBO Max would “create and protect jobs in the entertainment industry.” The pair spoke Monday at the UBS Global Media and Communications conference — hours after Paramount Skydance initiated a hostile offer presented as a tender
There are more questions than answers about how ownership from a streaming giant would change things for Warner Bros.
Netflix reportedly attempted to get into the video game business by almost buying one of the biggest developers in the world.
President Trump’s unusual decision to involve himself in the government’s review of the deal puts his antitrust chief in an awkward position.
If Netflix’s deal to purchase Warner Bros. goes through, the streamer would likely become the biggest owner of entertainment space in Los Angeles.