Netflix–WBD deal threatens the long-term viability of theatrical exhibition: Cinema United CEO

Core Viewpoint - The acquisition of Warner Brothers by Netflix poses a significant threat to the theatrical exhibition industry, potentially leading to theater closures, community suffering, and job losses [1]. Industry Impact - The deal is expected to have a profound impact on the long-term viability of theatrical exhibition, prompting discussions with regulatory authorities at various levels [2][3]. - Historical precedents indicate that when legacy studios are absorbed, the number of movies produced for theatrical distribution tends to decrease significantly [4]. Specific Concerns - The acquiring entity, Netflix, has shown a lack of interest in theatrical exhibition, which raises concerns about the future availability of Warner Brothers' catalog for theaters [5]. - The industry has already experienced a notable decline in theatrical releases, exemplified by a 46% decrease in titles from 20th Century Fox after its acquisition [5][6]. - The potential loss of Warner Brothers' catalog could be detrimental to the industry, making it challenging for theaters to sustain operations [6].