Netflix is Buying Warner Bros Media

Netflix is Buying Warner Bros Media

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Netflix is Buying Warner Bros Media

By Noah Coss

Image by GeekTyrant

Ladies and gentleman, we are entering a new era of the movie industry. For those who don’t know, the CEO and president of Warner Bros. Discovery, David Zaslav, recently decided to sell Warner Bros’ film/streaming assets such as, Max, HBO, and Warner Bros. media due to debt reasons. This means that Dune, the DCU, Harry Potter, IT, Game of thrones and many more franchises are up for grabs. As of recently, Netflix won the bidding war against Paramount Pictures and now owns Warner Bros Media. Regardless of who purchases the studio, this going to cause large ripples in the industry.

The obvious concern is the change in theatrical releases. Netflix is a streaming exclusive film/TV service that is adamant about streaming over theatrical releases. When Warner Bros produces a film, it will run in theaters for a couple to a few months before coming out on their streaming service, HBO Max. But since Netflix has acquired the company we could expect that they will change those plans for upcoming films like The Batman Part II and Dune Part Three which may come down to being only a single weekend event. Thankfully, this will likely not be the case where movies come straight to streaming now. Co-ceo of Netflix, Ted Sarandos, has stated in a Variety article “Our intentions when we buy Warner Brothers will be to continue to release Warner Brothers studio movies in theaters with the traditional windows,” While this is a decent sign it isn’t a guarantee that Netflix will stick to the original theatrical plan in the long run.

Image from Variety

I asked Ethan Tran (senior) about his thoughts on the matter, being that Netflix spent $83 billion on a movie studio company, to which he replied “I don’t think its a good idea, its just gonna destroy movies, not in quality, but when it comes to theaters.” Though this may not be the case now or soon but likely later on in the future. “I think after a 3 week run, they will just put the movie on Netflix which kind of does destroy the whole point of movie theater runs.” The problem here is that the films will run for a short amount of time, then release on Netflix, and if they continue to both the streaming and cinema routes, the movie will underperform because its just on Netflix now. Might as well just pull it form the theater at that point.

“As long as Netflix leaves the theaters releases alone, I think they’ll be fine.” Baasel Quraishy (explained) “Now, I think it’s also good that all of the previous stuff that Warner Brothers has had released over the years, and if it’s on Netflix too, personally, I think that’d be pretty cool.” Baasel raises an interesting point, Warner Brothers produced movies being on the same platform as Netflix produced movies. You’d have high hitting shows like Stranger Things and IT: Welcome to Derry in the same place so you don’t have to pay for two different streaming services.

Image by Fandom

Whatever the opinion or stance on the matter, or however you feel about it, a big chunk of Hollywood won the bidding war and now owns a big chunk of Hollywood. Netflix, being a streaming exclusive service, now has several big name IPs at it’s fingertips, which can mean some very worrying things. Will the radiational cinema experience die? Would it better if Paramount won the bidding war? Should Universal have stepped in? Either way, we enter a new era of film/TV servicing and it is very uncertain what will happen moving forward. But thing that isn’t off the table yet are the crossover collabs. I’ve seen stranger things, but that’s really just it.

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