Since Netflix's deal was confirmed last Friday (December 5), Paramount has since launched a cash bid of $100 billion, with the studio stating that Warner Bros. Discovery "never engaged meaningfully" with their previous attempts to negotiate a deal.

Should Paramount succeed in acquiring Warner Bros, the combined studio will release more than 30 theatrical titles a year. This was Paramount CEO David Ellison’s promise during a phone presser following news of the conglom’s hostile takeover bid for Warner Bros Discovery.

Netflix has completed one of the largest acquisitions in the streaming market to date. Netflix announced on Dec. 5 that it would acquire Warner Bros. Discovery’s (WBD) studio and streaming division for $82.

Netflix CEO Ted Sarandos promised that Warner Bros. movies will get a theatrical release, but 'windows will evolve.'

Netflix's deal to acquire Warner Bros. raises concerns for Tulsa’s Admiral Twin Drive-In. While Netflix promises current theatrical releases will continue, experts warn the evolution of release windows could reshape the movie theater landscape.

Warner Bros Pictures, founded by brothers Harry, Albert, Samuel, and Jack Warner in 1923, is a 102-year-old Hollywood-based entertainment and media company. With a vast century-old library of content,