Could Netflix buy Warner Bros. Discovery?

Yes, Netflix is reportedly among several companies preparing bids for Warner Bros. Discovery.

Will Netflix release movies in theaters?

Reports suggest Netflix would release Warner Bros. movies theatrically if a merger occurs, a shift from their usual strategy.

Why does Netflix do theatrical releases?

Netflix has used theatrical releases primarily for Academy Awards consideration and for promotional stunts.

Home / Arts and Entertainment / Netflix Eyes Warner Bros. Acquisition Amidst Theatrical Skepticism

Netflix Eyes Warner Bros. Acquisition Amidst Theatrical Skepticism

20 Nov, 2025

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Summary

Netflix reportedly plans to release Warner Bros. movies theatrically if a merger occurs.
The streamer has previously used theatrical releases for Oscar qualifications.
Major conglomerates, including Netflix, are bidding for Warner Bros. Discovery.

Netflix Eyes Warner Bros. Acquisition Amidst Theatrical Skepticism

Netflix has reportedly informed Warner Bros. Discovery leadership of its intention to release acquired films theatrically should a merger between the two conglomerates materialize. While this aligns with filmmaker contractual obligations, the long-term distribution strategy post-acquisition remains unclear. Netflix has historically utilized theatrical releases for awards season qualification, such as with 'Roma' and 'The Irishman'.

Despite this, the streamer has largely avoided wide theatrical releases for major productions, with exceptions like limited runs for 'Wake Up Dead Man: A Knives Out Mystery' and 'Singalong', and an upcoming Narnia film. This potential shift sparks skepticism, given co-CEO Ted Sarandos's consistent emphasis on Netflix's "first run on Netflix first" distribution model.