Warner Bros. has a history of disastrous mergers and acquisitions. Can they avoid another bad sequel as Netflix and Paramount battle to buy it?

There was a huge uproar recently when Netflix and Warner Bros. decided to move ahead with Netflix’s bid to acquire the company. Other companies, such as Paramount, challenged the bid, noting they thought that Netflix’s offer wasn’t a good one.

Netflix acquiring Warner Bros. is a deal that would put a lot of power in the hands of one company. Critics fear the combo would be bad news for moviegoers and for people who work in theaters.

Netflix insists it will continue to release Warner Bros. movies in theaters after acquiring the studio, but a closer look reveals more cause for concern.

“Netflix does not have the same incentive to release films in theaters and will be incentivized to use WBD’s world-class IP library to entrench Netflix’s streaming dominance while also harming theatrical distribution, talent and moviegoers,” it reads. There’s a lot of that.

Hours after reports surfaced about Netflix winning the bidding war for Warner Bros., the streaming giant has now made it official and touts the DC Universe as one of the many franchises it will soon own.

Assuming Netflix finalizes its acquisition of Warner Bros., the company may already have a firm plan in place for releasing WB's movies in theaters.

Netflix announced plans Friday to acquire the streaming and studios side of Warner Bros. Discovery, including HBO, HBO Max and DC Studios.