Netflix Seeks Theatrical Win with 45-Day Windows: What It Means for Cinemas
In a bid to ease concerns about its proposed acquisition of Warner Bros. Discovery, Netflix co-chief executive Ted Sarandos has announced that the company will maintain 45-day windows for movies in theaters if its deal is approved.
If the deal goes through, theater owners can look forward to a relatively short window in which their cinemas can showcase new releases before they become available on the streaming giant's platform. This move would be a significant departure from Netflix's previously stated plan of supporting a 17-day window, which would have had far more damaging effects on theaters.
The news comes as Netflix seeks to bolster its position in the highly competitive film industry. Sarandos expressed his desire to win opening weekends and box office battles, suggesting that he wants the company to remain competitive in the theatrical business.
However, some experts argue that maintaining a 45-day window could be seen as an attempt by Netflix to appease theater owners who have opposed the proposed sale. The cinema industry has already faced significant challenges due to the rise of streaming services, and many chains have expressed concerns about the potential impact of a single dominant platform on production and distribution.
Sarandos's comments also raised questions about his previous statement that the theatrical business is an "outmoded" idea for some people. While he clarified that this term does not apply to everyone, including those living in urban areas with access to multiple theaters, the comments seem designed to reassure theater owners who have been vocal in their opposition to the sale.
As the fate of Warner Bros. Discovery remains a major topic in Hollywood, Netflix's approach to maintaining 45-day windows for movies in theaters may prove to be a key factor in its bid to win over theater owners and secure approval for the deal.
In a bid to ease concerns about its proposed acquisition of Warner Bros. Discovery, Netflix co-chief executive Ted Sarandos has announced that the company will maintain 45-day windows for movies in theaters if its deal is approved.
If the deal goes through, theater owners can look forward to a relatively short window in which their cinemas can showcase new releases before they become available on the streaming giant's platform. This move would be a significant departure from Netflix's previously stated plan of supporting a 17-day window, which would have had far more damaging effects on theaters.
The news comes as Netflix seeks to bolster its position in the highly competitive film industry. Sarandos expressed his desire to win opening weekends and box office battles, suggesting that he wants the company to remain competitive in the theatrical business.
However, some experts argue that maintaining a 45-day window could be seen as an attempt by Netflix to appease theater owners who have opposed the proposed sale. The cinema industry has already faced significant challenges due to the rise of streaming services, and many chains have expressed concerns about the potential impact of a single dominant platform on production and distribution.
Sarandos's comments also raised questions about his previous statement that the theatrical business is an "outmoded" idea for some people. While he clarified that this term does not apply to everyone, including those living in urban areas with access to multiple theaters, the comments seem designed to reassure theater owners who have been vocal in their opposition to the sale.
As the fate of Warner Bros. Discovery remains a major topic in Hollywood, Netflix's approach to maintaining 45-day windows for movies in theaters may prove to be a key factor in its bid to win over theater owners and secure approval for the deal.