Ted Sarandos assures Hollywood that Netflix won’t sideline movie theaters: ‘We are going to be in theatrical business…’

Netflix co-chief executive Ted Sarandos has moved to calm industry concerns over the streaming giant’s commitment to theatrical film distribution, underscoring that the company’s potential acquisition of Warner Bros. Discovery (WBD) would not undermine the traditional cinema model. His comments come amid heightened scrutiny from cinema owners, filmmakers and trade groups as Netflix seeks to…

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