Core Viewpoint - Netflix is exploring the acquisition of Warner Bros.' film production and streaming business, indicating a willingness to continue theatrical releases for its films post-acquisition, which marks a shift from its previous stance against theatrical distribution [1] Group 1: Acquisition Details - Netflix has expressed interest in acquiring Warner Bros. following the latter's decision to sell its production and streaming business after receiving acquisition offers, including from Paramount [1] - The bidding deadline for Warner Bros. is set for Thursday, with both Netflix and NBCUniversal's parent company Comcast showing interest [1] Group 2: Industry Implications - The potential acquisition raises concerns within the film industry about the reduction of major sources for theatrical films, as Netflix has previously limited its theatrical releases primarily for award eligibility and talent appeasement [1] - Netflix's co-CEO Ted Sarandos has previously described the cinema industry as a sunset business, emphasizing that the company's primary focus is on meeting the needs of its streaming customers [1]