The entertainment world is still reeling from the bombshell announcement last week that Netflix is in talks to buy Warner Bros. Announced on Friday, December 5, the two companies are preparing to close an $82 billion deal that would forever alter Hollywood as we know it. Netflix, the biggest streaming service in the world, would own Warner Bros., one of the most storied movie studios in the world that regularly releases its films in theaters. So, should this deal go through, how would Netflix go about releasing movies in theaters?
We’ve since learned that Paramount is attempting a hostile takeover of Warner Bros. after losing out to Netflix during the formal bidding process.