Movie Theaters Want a Ted Sarandos Blood Oath

Ted Sarandos
Sarandos can make big promises now, but once this deal closes, there’s nothing to stop Netflix from backsliding after a couple years or even a couple months. Photo: Charley Gallay/Getty Images for Netflix
Matthew Belloni
January 19, 2026
00:00
00:00
00:12
A.I. Disclaimer

Join the Inner Circle to listen to this article

Ted Sarandos really wants us to believe him. Pretty much since the morning after he signed the deal to buy Warner Bros., the Netflix co-C.E.O. has been asking anyone who will listen how he can convince them that he will continue to release Warners movies in theaters. Ted was keen to ask me when I bumped into him at a party over Golden Globes weekend, and others I’ve spoken with say he’s quizzed them similarly. He knows the town is skeptical of his plans for the studio, not to mention the regulators in this country and elsewhere who will scrutinize this $83 billion deal for many reasons, the impact on theaters among them.

Get access to this story

Enter your email to get access to one article and free previews of our private emails from Puck authors and editors.

OR

Already a Member? Sign in



Latest Articles from Hollywood

bob iger
Eriq Gardner January 19, 2026
A field guide to the A.I. cases and deals that will shape 2026, including Disney’s recent peace treaty, the Elon-Altman feud, the next round of labor negotiations, the whole ScarJo voice issue, and many more…
david zaslav
Matthew Belloni & William D. Cohan January 19, 2026
Battle lines have been drawn over David Zaslav’s Warner Bros. Discovery, and both Netflix and Paramount think they have the winning formula. Will the Ellisons get to $34 a share? Can Netflix counter? Is Larry really “backstopping” all the equity? Or is the game already rigged?
Alan Horn and Rob Reiner
Kim Masters January 19, 2026
The longtime exec paid tribute to Reiner, his onetime partner in Castle Rock Entertainment, and explained why the director dedicated their first movie together to his father.


Ted Sarandos, Greg Peters
Julia Alexander January 19, 2026
Prior to its $83 billion deal to acquire the studio and HBO Max, the streamer had never spent more than $700 million on an acquisition. But Netflix saw an opportunity to own, not license, a significant chunk of its content—and, perhaps more importantly, to block David Ellison from taking it away.
wicked cynthia erivo
Matthew Belloni January 19, 2026
Every year, awards contenders and pretenders have been mounting unbridled and financially unchecked press campaigns in the hopes of boosting their chances. A new data analysis reveals that they maybe shouldn’t have bothered.
Carl Rinsch
Eriq Gardner January 19, 2026
The incredible saga of Carl Rinsch, who bilked Netflix for millions that he spent on Dogecoin, a couple of Rolls-Royces, and a half-million-dollar mattress, has come to trial. Is Rinsch a “creative genius” who merely failed to deliver, or something more sinister?


David Ellison
Matthew Belloni January 19, 2026
If Warner Bros. Discovery rejects Paramount’s latest (and very hostile) bid, I’m told that David Ellison will almost certainly offer more. Will Netflix go even higher? Where does it end? Will Trump choose a favorite? The streaming giant has restless shareholders, and Ellison does not.