Ted Sarandos Reassures French Industry on Warner Bros. Deal with Theatrical Commitment

Netflix co-CEO Ted Sarandos made a surprise appearance at Canal's The Original showcase in Paris on Tuesday, aiming to alleviate French industry concerns about the streaming giant's $83 billion acquisition of Warner Bros. by pledging to maintain the studio's traditional theatrical distribution model. The acquisition, which is one of the largest in the history of the entertainment industry, has sent shockwaves through the exhibition sector, sparking fears that the deal could lead to a shift away from traditional theatrical releases. However, Sarandos sought to reassure the French market about Netflix's intentions, stating that the company plans to continue releasing Warner Bros. studio movies in theaters with the traditional windows, followed by a flow through the Canal output deal. The deal is expected to have a significant impact on the global film industry, with Netflix's acquisition of Warner Bros. giving the streaming giant control over a vast library of content, including iconic franchises such as Harry Potter and DC Comics. The acquisition is also expected to give Netflix a significant foothold in the global theatrical market, with the company planning to maintain the traditional theatrical distribution model. Financial details of the deal are still emerging, but it is understood that Netflix will pay $83 billion for Warner Bros., a figure that represents a significant premium on the studio's current market value. The deal is expected to be completed in the coming months, pending regulatory approval. The market impact of the deal is likely to be significant, with Netflix's acquisition of Warner Bros. giving the streaming giant a major boost in its efforts to expand its presence in the global film industry. The deal is also expected to have a major impact on the global theatrical market, with Netflix's plans to maintain the traditional theatrical distribution model likely to be welcomed by exhibitors and distributors. Canal, which has a long-standing output deal with Warner Bros., is likely to be a major beneficiary of the deal, with the streaming giant's plans to flow Warner Bros. movies through the Canal output deal set to give the French company a significant boost in its efforts to expand its presence in the global film industry. Netflix, which has been expanding its presence in the global film industry in recent years, has been seeking to establish itself as a major player in the global theatrical market. The company's plans to maintain the traditional theatrical distribution model are likely to be welcomed by exhibitors and distributors, who have been seeking to reassure investors about the future of the theatrical market. The future outlook for the deal is likely to be positive, with Netflix's acquisition of Warner Bros. set to give the streaming giant a major boost in its efforts to expand its presence in the global film industry. The deal is also expected to have a major impact on the global theatrical market, with Netflix's plans to maintain the traditional theatrical distribution model likely to be welcomed by exhibitors and distributors. In a statement, Maxime Saada, chair and CEO of Canal, welcomed Netflix's plans to maintain the traditional theatrical distribution model, stating that the company is "very excited" about the deal. Saada's comments are likely to be welcomed by investors, who have been seeking to reassure about the future of the theatrical market. The deal is also expected to have a major impact on the global film industry, with Netflix's acquisition of Warner Bros. giving the streaming giant control over a vast library of content. The acquisition is also expected to give Netflix a significant foothold in the global theatrical market, with the company planning to maintain the traditional theatrical distribution model. Overall, the deal is likely to be a major boost for Netflix, giving the streaming giant a major foothold in the global film industry. The deal is also expected to have a major impact on the global theatrical market, with Netflix's plans to maintain the traditional theatrical distribution model likely to be welcomed by exhibitors and distributors.