Netflix isn’t buying Warner Bros, Paramount is
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Netflix is “100% committed” to releasing WB films in theaters.
Netflix’s co-CEOs, in a letter to WBD stockholders:
There’s been a lot of talk about theatrical distribution, so we want to set the record straight: we are 100% committed to releasing Warner Bros. films in theaters with industry-standard windows. While this hasn’t been part of our business model until now, we are looking forward to bringing this expertise from Warner Bros. to Netflix.
WBD is urging shareholders to reject Paramount’s latest offer.
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