ByConor Murray,
Forbes Staff.
Netflix’s $82.7 billion deal to buy major Hollywood studio Warner Bros. rocked the industry Friday morning, as Netflix co-CEO Ted Sarandos said theatrical release windows will “evolve to be much more consumer friendly” while criticizing lengthy theatrical runs.
Sarandos suggested Friday on an investors call theatrical windows will “evolve” following Netflix’s acquisition of Warner Bros., and though he did not say how long he expects movies to stay in theaters, he criticized “long exclusive windows” as not consumer friendly.
Sarandos said movies planned to be distributed by Warner Bros., which has a slate of releases planned through 2029, will hit theaters as planned while some Netflix movies may continue to get short, limited theatrical runs.
