Netflix sweetens its deal for Warner Bros.
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Days after telling the New York Times that Netflix would commit to a 45-day theatrical window after its acquisition of Warner Bros, the streamer’s co-CEO Ted Sarandos reiterated that pro-cinema message on a Q4 earnings YouTube video this afternoon.
"TV is not what we grew up on. TV is now just about everything," the Netflix co-CEO says, outlining the threat from traditional studios and networks, big tech and social giants, a preview of a potential regulatory fight.
CEO Ted Sarandos said the company has long debated going into movie theaters, but they pursued other priorities.