On Dec. 4, 2025, news broke that Netflix had won the bid to purchase Warner Bros. Discovery, beating out the likes of Paramount, Skydance, and Comcast. In a deal valued at $82.7 billion, Netflix would take control of the legendary studio. The deal is not official yet and is subject to change, but for the moment, the fate of Warner Bros. looks to be in Netflix's hands. This has many worried about the future of cinema, as Netflix has not been kind to either theatrical or home video releases, potentially ending two primary ways audiences watch movies. It also puts Netflix potentially in charge of Warner Bros.' biggest IPs, including the likes of Harry Potter, Looney Tunes, Game of Thrones, and DC Comics.

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