Part 7/13:
Major North American theater chains are valued collectively at around $6.38 billion, a tiny fraction compared to Warner Brothers’ valuation.
Netflix’s spend of $82 billion on Warner Brothers massively exceeds the combined value of the top theater chains, making it illogical to assume their goal is the destruction of theaters.
Post-Paramount Decrees, studios can legally own their own theaters, removing anti-competition concerns that once restricted such vertical integration.