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Netflix Reassures Staff It Will Keep Theatrical Releases in Warner Bros. Deal [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Warner Bros ., telling employees that the company is committed to releasing the studio's films in theaters rather than pushing them directly to streaming. The message came in an internal letter from co-CEOs Greg Peters and Ted Sarandos, according to reporting from Bloomberg. Is NFLX fairly valued? Test your thesis with our free DCF calculator. Questions have risen within the firm regarding whether Netflix will prioritize its streaming platform at the cost of theatrical income, particularly as it pushes into established Hollywood pipelines. Peters and Sarandos informed workers the studio's movies would continue to undergo complete theatrical rollouts, underlining that the plan supports both box-office success and long-term streaming value. The reassurance shows how Netflix's changing business model is changing what people anticipate in the whole sector.The firm has been concentrating nearly entirely on its platform for years, but now it is embracing theatrical distribution to rea
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