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."

Within days of Netflix making a bid to buyout a large part of Warner Bros. -- Paramount launched a hostile takeover for the entire company.

Netflix's deal to acquire Warner Bros. raises concerns for Tulsa’s Admiral Twin Drive-In. While Netflix promises current theatrical releases will continue, experts warn the evolution of release windows could reshape the movie theater landscape.

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.

Netflix co-CEO Ted Sarandos said Friday theatrical release windows will “evolve to be much more consumer friendly.”

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

The UNIC, which represents cinema exhibitors across Europe, fears the streamer will downgrade the theatrical experience.

Should Paramount succeed in acquiring Warner Bros, the combined studio will release more than 30 theatrical titles a year. This was Paramount CEO David Ellison’s promise during a phone presser following news of the conglom’s hostile takeover bid for Warner Bros Discovery.