Major news in the movie business announced today.
Warner Bros has accepted an offer from
Netflix to be sold to the streaming service tech company. Even though this is shaking up the industry and everyone is writing "end times" diatribes, we don't really know anything yet. The ink has barely begun to dry. And, well, technically the US government could come in and stop the deal before it finalizes. Who knows what will happen? Netflix has officially announced the news via a
press release this morning. "Today's announcement combines
two of the greatest storytelling companies in the world to bring to even more people the entertainment they love to watch the most," states
David Zaslav, Pres. & CEO of Warner Bros. Discovery. "For more than a century,
Warner Bros has thrilled audiences, captured the world's attention, and shaped our culture. By coming together with Netflix, we will ensure people everywhere will continue to enjoy the world's most resonant stories for generations to come." What worries most of us - will Netflix allow them to keep releasing films in theaters, and will they allow them to keep making movies meant for theaters: shot on film, projected on film (like both
Sinners and
One Battle After Another this year)? I hope so. We all hope so. //
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