Netflix breaks down how its approach to movie theaters will (and will not) change when it buys Warner Bros.

Core Viewpoint - Netflix is acquiring Warner Bros. as part of a significant deal for Warner Bros. Discovery's streaming and studios business, but it will not shift to long, exclusive theatrical runs for its movies [1][2]. Group 1: Theatrical Release Strategy - Netflix plans to continue releasing Warner Bros. movies in theaters upon deal closure, but will maintain its practice of short theatrical runs [2][3]. - The company believes that long, exclusive theatrical windows are not consumer-friendly and anticipates that these windows will continue to shorten over time, allowing faster access via streaming [3]. Group 2: Business Model and Licensing - Netflix will not adopt Warner Bros. Discovery's model of licensing movies and shows to competing media companies, intending to keep its own production model unchanged [4]. - While Warner Bros. will continue to produce for third parties, Netflix aims to maintain its successful operational model without alterations [4].