Netflix insists it will continue to release Warner Bros. movies in theaters after acquiring the studio, but a closer look reveals more cause for concern.

Paramount and Netflix are (almost) knocking each other out to buy Warner Bros Discovery – but there are bigger things than cable TV and movie studios at stake.

Netflix acquiring Warner Bros. is a deal that would put a lot of power in the hands of one company. Critics fear the combo would be bad news for moviegoers and for people who work in theaters.

The entertainment world is still processing Netflix’s massive $82.7 billion purchase of Warner Bros., a studio with more than a century of theatrical history behind it. The deal folds giants like HBO,

“Netflix does not have the same incentive to release films in theaters and will be incentivized to use WBD’s world-class IP library to entrench Netflix’s streaming dominance while also harming theatrical distribution, talent and moviegoers,” it reads. There’s a lot of that.

The competition between Netflix and Paramount Skydance to acquire the studio is haunted by the ghosts of mergers past.

Hours after reports surfaced about Netflix winning the bidding war for Warner Bros., the streaming giant has now made it official and touts the DC Universe as one of the many franchises it will soon own.

Cinema owners oppose a megadeal that would see one of the last Hollywood legacy studios snapped up only five years after the demise of 20th Century Fox: "We have fixed costs."