Netflix CEO Makes Major Concession in Battle for Warner Bros. |
Ted Sarandos insists his company doesn’t ‘hate’ the theater business.
BY AVA LEVINSON, NEWS WRITER
(Photo by Theo Wargo via Getty Images)
In response to pushback from the public and industry players regarding Netflix’s agreement to acquire Warner Bros. Discovery, CEO Ted Sarandos just said the company will keep movies in theaters for 45 days if the deal closes, maintaining the theatrical window