Netflix is making seismic shifts in the entertainment business that might eventually impact Bay Area movie theaters. Netflix announced on Friday that the streaming service struck a deal with Warner Bros.

During a public interview, director Bong Joon-ho addressed concerns about Netflix's potential acquisition of Warner Bros. He expressed optimism for the future of cinema, emphasising that the theatrical experience will endure.

The memo questions whether the bidding for the studio has been "tilted" in favor of other suitors, cites media reporting on Netflix's bid.

Netflix has finally commenced closing the deal with Warner Bros. Discovery Inc., winning the bid to acquire the film and TV studios and HBO Max streaming service, which includes the rights to Snyderverse films.

Jockeying for HBO-owner Warner Bros. Discovery has intensified as the auction appears to enter its home stretch.