Paramount, which is home to some of the most successful films like The Godfather and Titanic and shows like Yellowstone, Star Trek: Strange New Worlds, and Tulsa King, has made it clear that if it succeeds in acquiring Warner Bros., it plans to change the future of theatrical releases. The company has promised that the combined studio would release more than 30 films a year, a bold promise revealed during a phone press conference with Deadline.At the same time, Netflix is also trying to acquire Warner Bros., and that deal is still pending. If Netflix wins, many fear a very different outcome. But if Paramount manages to take over instead, the direction of the industry could shift in another way entirely.Paramount's promise if they win over Netflix and acquire Warner Bros.There is growing fear in Hollywood about Netflix acquiring Warner Bros. Many filmmakers and theater owners worry that Netflix’s approach will reduce the number of big theatrical movies. Even though Netflix co-CEO Ted Sarandos has talked about supporting movie theaters, doubts remain due to the company’s track record. View this post on Instagram Instagram PostAs Deadline reported, during a press call, Paramount CEO David Ellison spoke about how many in the industry agree that the Netflix deal is risky, saying,"Including the Writer’s Guild of America have already issued a statement that a deal must be blocked. Hollywood legends, like James Cameron and Jane Fondant have spoken out, describing the (Netflix) deal as a disaster for theatrical films. Paramount’s proposal provides vastly superior certainty and projections for WBD’s shareholders and the Hollywood community.”He also added,“Paramount is committed to growing the film and TV output of both businesses, including a theatrical slate of 30 plus theatrical releases per year. We’re going to satisfy the needs of the moviegoing public,”This strong statement is one of the biggest reasons many theaters would prefer a Paramount takeover instead of a Netflix one. Netflix, meanwhile, has had mixed results with theatrical releases. Netflix recently failed to secure the top three theater chains for Rian Johnson’s film Wake Up Dead Man: Knives Out Mystery because it did not agree to a 30-day theatrical window. As a result, the film earned only a little over $4 million during the Thanksgiving holidays, compared to Glass Onion’s $13 million-plus when theaters were fully secured. View this post on Instagram Instagram PostAs Deadline reported, co-CEO of Netflix, Ted Sarandos, defended Netflix’s approach on a call with Wall Street saying,“We’ve released about 30 films into theaters this year, so it’s not like we have this opposition to movies in theaters,”He also added,“My pushback has been mostly in the fact of the long, exclusive windows, which we don’t really think are that consumer friendly.”The concern is not limited to filmmakers. Cinema United President and CEO Michael O’Leary warned about serious consequences for theaters. According to Deadline, in his statement responding to the potential Netflix-Warner Bros. deal, he said,“The negative impact of this acquisition will impact theatres from the biggest circuits to one-screen independents in small towns in the United States and around the world.”He further stated,“This mega-deal between Netflix and Warner Bros. would risk removing 25% of the annual domestic box office if films that are traditionally given a robust theatrical release by Warner Bros. disappear from theatres.”CinemaCon 2025 - Lionsgate Presentation & State Of The Industry - Source: GettyRight now, Paramount has launched an all-cash offer of $30 per share to acquire Warner Bros. Discovery, valuing the deal at $108.4 billion. Netflix’s offer stands at $72 billion in equity value. The Netflix-Warner Bros. agreement still requires regulatory approval and could take more than a year to finalize. With two major bidders and huge stakes involved, the future of theatrical movies may soon look very different based on who wins.For more articles like this, follow Soapcentral.