Overview
- Netflix’s co-CEO framed the plan as pro-theatrical, saying the company wants to win opening weekend and win box office.
- The pledge counters prior reporting that Netflix had considered a roughly 17-day exclusivity window for new releases.
- The proposed Warner Bros. Discovery purchase is still pending and faces a rival bid from Paramount Skydance.
- Theater owners and trade group Cinema United have urged Congress to scrutinize the deal over consolidation and exhibition concerns.
- Sarandos clarified his earlier remark about theaters being outmoded, saying he meant the model is outmoded for some audiences.