If Netflix buys Warner Bros., popular movies won’t be limited to streaming. Netflix has promised to continue releasing Warner Bros. films in cinemas as part of its efforts to complete the acquisition.
Sources at Bloomberg report that Netflix has assured Warner Bros. Discovery they will honor existing contracts for theatrical releases of their films. This commitment, according to Bloomberg’s experts, makes the deal easier to accept, given Netflix’s usual preference for releasing content directly to streaming rather than in cinemas.
It’s still uncertain how Warner Bros. leadership will respond to Netflix’s statements, but movie theater executives, like Michael O’Leary of Cinema United, remain unconvinced. O’Leary recently voiced concerns that Netflix’s commitment to honoring existing contracts with Warner Bros. isn’t as solid as it appears.
According to a statement, National Association of Theatre Owners president and CEO Michael O’Leary said that Netflix simply agreeing to honor existing contracts doesn’t demonstrate a real dedication to showing films in movie theaters.
Multiple Companies Compete To Buy Warner Bros.
Netflix, Paramount-Skydance, and Comcast are all competing to buy Warner Bros. According to Variety, Warner Bros. Discovery wants initial offers by November 20th and aims to finalize a sale by the end of the year. Warner Bros. Discovery CEO David Zaslav is reportedly seeking the most comprehensive deal possible, but some believe the company may be intentionally inflating the price to attract higher bids.
Warner Bros. Discovery signaled it was open to offers late last month, following a bid of around $20 per share.
On October 21st, David Zaslav announced that Warner Bros. Discovery is exploring options to increase value for its shareholders. This comes after the company received several unexpected offers for either the entire business or just Warner Bros., while also continuing plans to separate Warner Bros. and Discovery Global.
It’s understandable that people are noticing the strength of our company’s assets. We’ve had several offers, so we’re now carefully considering all our options to maximize their value and determine the best future direction.
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2025-11-20 22:36