Amazon and Netflix both walked away from the opportunity to acquire Landmark Theaters.
There is a renewed effort by production service providers to expand their operations into financing and distributing independent films.
Netflix gauged the climate in Europe perfectly, first by increasing funding to produce more local content, and by forging licensing deals with local content partners.
WarnerMedia’s decision may seem at odds with the company’s overall strategy to bring owned content ‘in-house’ to make it exclusive on its new streaming site.
As media markets reach a consolidation fever pitch, three companies will emerge controlling nearly all content creation and distribution in the United States.