"Warner Bros. has always been the wild card of the entertainment industry, and that's only become more true in the streaming era. HBO Max was one of the last of the major streaming apps to launch, and Warner's merger with Discovery meant the streamer had a giant library ranging from TLC to Adult Swim to TCM. With this expansion came some dubious decisions, including canceling movies that were already finished and removing major titles - including HBO Max Originals - from streaming."
"Warner Bros. Studios will officially be acquired by Netflix. ALLISON DINNER/EPA/Shutterstock Netflix recently announced that the streaming powerhouse will acquire Warner Bros. in a deal totaling over $82 million. It should be noted that this deal is for Warner Bros., not Discovery, as the two different companies have been separated into the TV and Movie Studios (WB) and "Global Networks" (Discovery)."
"'We've released about 30 films into theaters this year, so it's not like we have this opposition to movies in theaters,' said Sarandos on a call with Wall Street, per . 'My pushback has been mostly in the fact of the long, exclusive windows, which we don't really think are that consumer-friendly.'"
Warner Bros. expanded into streaming through HBO Max and the Discovery merger, creating a vast library spanning TLC, Adult Swim, and TCM. The expansion prompted controversial moves including canceling completed films and removing major titles, even HBO Max Originals, from streaming. Netflix announced a deal to acquire Warner Bros. Studios for over $82 million, separate from Discovery's Global Networks. Warner Bros. produced recent box-office hits such as Barbie and Superman, while Netflix has often prioritized streaming releases over long exclusive theatrical windows. Netflix leadership says the company has released films to theaters but opposes lengthy exclusive windows.
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