Cinema owners oppose a megadeal that would see one of the last Hollywood legacy studios snapped up only five years after the demise of 20th Century Fox: "We have fixed costs."

"We've released about 30 films into theaters this year, so it's not like we have this opposition to movies in theaters," said Netflix co-CEO Ted Sarandos on a call with Wall Street fresh off clinching a mega deal to acquire Warner Bros.

Theater owners voiced their displeasured over Netflix's successful bid for Warner Bros. Discovery, slamming the news as an "unprecedented threat" to the movie business. Cinema United, the world's largest exhibition trade association that represents over 30,

Cinema United, the organization that represents exhibition, movie theaters, and more, has issued a statement about the Warner Bros. acquisition.

The Multiplex Association of India has raised alarm over Netflix’s proposed acquisition of Warner Bros. Discovery, warning that the deal could diminish theatrical content availability and threaten India’s cinema ecosystem.