Netflix co-CEO Ted Sarandos said the current state of the box office is a sign that people want to "watch movies at home"
"What is the consumer trying to tell us? That they’d like to watch movies at home, thank you. The studios and the theaters are duking it out over trying to preserve this 45-day window that is completely out of step with the consumer experience of just loving a movie."
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@AshtonTheGoatJ From a business standpoint, it’s generally bad for the industry for one company to have so much control over the market
From a movie-enjoyer standpoint, WB is the most pro-theatrical studio and Netflix is very anti-theatrical so movie theaters will take a huge hit
Netflix has won the bidding war to purchase Warner Bros. Discovery.
They are now entering exclusive deal talks, with Netflix offering $30 a share and a $5 billion break-up fee.
The sale is not yet finalized, as the U.S. Department of Justice could also interfere due to anti-trust concerns.
(Source: https://t.co/XDpFEzoX66)