"Sarandos is the co-CEO of Netflix, the Los Gatos streaming giant that, last week, offered to buy Warner Bros. Discovery for a whopping $72 billion, plus debt. The streamer would take over Warner Bros.' film and TV studios, its buffet of franchises, and its competing streaming service, HBO Max. For Sarandos and Netflix, it's a coup - more proof that tech's leading media companies have far surpassed the financial might of their legacy predecessors."
"Sarandos has been openly scornful about Hollywood's love for the big screen. Refusing to lengthen the window that its movies spend in theaters before streaming, Netflix doesn't air releases on AMC screens outside the occasional tiny exception. Sarandos, hyping up his company's bid last week, said over time theatrical windows "will evolve to be much more consumer friendly, to be able to meet the audience where they are quicker.""
Netflix offered to acquire Warner Bros. Discovery for $72 billion plus debt, which would combine major studios, franchises, and the HBO Max streaming service. Netflix resists extending theatrical windows and rarely programs films on major exhibitor screens, favoring quicker home availability. Shorter theatrical windows tend to reduce box office returns that distributors and theaters depend on. Theatrical presentation enhances cinematic impact through large screens and powerful sound, as seen in recent wide-release titles. Many moviegoers continue to attend local cinemas regularly and avoid traditional TV streaming subscriptions, maintaining strong demand for theatrical experiences.
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