Netflix and Warner Bros. deal is far from a sure thing
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In a swipe to Netflix, Paramount promises to release 30 films in theaters as it unveiled its hostile takeover bid for Warner Bros. Discovery.
Should Paramount succeed in acquiring Warner Bros, the combined studio will release more than 30 theatrical titles a year. This was Paramount CEO David Ellison’s promise during a phone presser following news of the conglom’s hostile takeover bid for Warner Bros Discovery.
There's a growing fight in Hollywood over some of the biggest characters on screen, like Tony Soprano, Daenerys Targaryen and Harry Potter. All feature in shows and films owned by Warner Brothers Discovery,
Movies like “One Battle After Another” and “Hamnet” are considered strong contenders for the top awards, along with television shows like “The Pitt” and “The Studio.”
Netflix's bid for Warner Bros. Discovery sparks filmmaker concerns over potential control and impact on the theatrical ecosystem.