"Netflix is currently on track to purchase Warner Bros., the legendary film and media company. The 82.7 billion dollar acquisition, if it clears regulatory hurdles, will position the supreme ruler of streaming services as a God Emperor of a massive TV and film catalog, as well as the properties belonging to Warner Bros. Games, which include the Lego games, as well as DC adaptations like the Arkham series of Batman games, and the Mortal Kombat games."
"Sarandos was asked point-blank: "Have you destroyed Hollywood?" "No," Sarandos replied, "we're saving Hollywood." The CEO then casted doubt on the role of movie theaters moving forward. Though the streaming giant will need to premiere some films in theaters to be considered for certain awards, Sarandos doesn't see the theater experience as something accessible for most folks. He said: If you're [fortunate enough to live in] Manhattan, and you can walk to a multiplex and see a movie, that's fantastic. Most of the country cannot."
Ted Sarandos rejects the claim that Netflix has destroyed Hollywood and asserts the company is saving the industry. Netflix is pursuing an $82.7 billion acquisition of Warner Bros., which would add a large TV and film catalog plus gaming properties to Netflix's assets. Sarandos questions the accessibility and future role of movie theaters for most Americans and notes some films may still need theatrical runs for awards eligibility. The Directors Guild of America, led by Christopher Nolan, has expressed major concerns and plans to meet with Netflix to address those issues.
Read at Kotaku
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