Netflix announced its acquisition of Warner Bros. for a total enterprise value of approximately $82.7 billion. What changes can consumers expect once the transaction is complete? Last night, Netflix reportedly won the bidding war for Warner Bros.

Netflix co-CEO Ted Sarandos insisted his streamer will still support Warner Bros.' movie theater output once the deal to buy WBD for $82.7 billion goes through. "It's not like we have this opposition to movies into theaters.

In the wake of a development that will have major ramifications for the entire movie industry, Ted Sarandos has assured concerned parties that Netflix remains committed to theatrical

The streaming giant has changed its strategy many times over the years. But the decision to get deeply into theatrical releases may be the most startling yet.

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But, Netflix boss Ted Sarandos said on a call for investors after the deal was announced that the streamer will still release Warner Bros. films in cinemas – though he also hinted the exclusive window might shrink.

Netflix co-CEO Ted Sarandos says the streamer will maintain Warner Bros.’ theatrical releases while signaling the exclusive window could shrink as antitrust pressure and industry anxiety mount.