This has intensified discussions about the future of traditional cinema in an increasingly streaming-dominated industry.

According to The Guardian, the amended plan that is supported by the board of Warner Bros Discovery is aimed at accelerating shareholders’ approval of the plan amid a hostile takeover attempt by Paramount Skydance. If completed, the deal would place some of Hollywood’s most valuable assets, including Warner Bros’ film studio and HBO’s premium content, under the control of the world’s largest streaming platform.

The shift is a response to the overall change in the consumption of entertainment by the audience. Daily viewing has been taken over by streaming services which are cheaper, more convenient and able to provide on-demand viewing as opposed to cinema halls. Although theatres still have a role to play in major releases and franchise films, they are playing a lesser role as big event films.

Industry observers note that Netflix’s interest in acquiring legacy studios signals a future where films and series are developed primarily with streaming audiences in mind. Rather than marking the immediate end of cinema halls, the deal highlights how traditional film-going is no longer the default experience, but one option among many in a rapidly evolving entertainment landscape