WarnerMedia Turned Down $200 Million Netflix Offer for ‘Godzilla vs. Kong,’ Eyes HBO Max — Report

WarnerMedia Turned Down $200 Million Netflix Offer for ‘Godzilla vs. Kong,’ Eyes HBO Max — Report
Legendary’s upcoming monster film, “Godzilla vs. Kong,” is the latest high-profile Hollywood movie that is likely heading to a streaming service.

The Hollywood Reporter reports that Netflix had made an offer of more than $200 million for the film, though WarnerMedia blocked the deal while preparing to make an offer to bring the title to the company’s HBO Max streaming service. WarnerMedia CEO Jason Kilar and Warner Bros. chairman Ann Sarnoff are directly involved in plans to bring “Godzilla vs. Kong” to HBO Max while also bringing the film to theaters.

IndieWire has reached out to WarnerMedia, Netflix, and Legendary Pictures, which financed 75 percent of the film’s budget, for comment. Warner Bros. has a 25 percent stake in the film and controls its release.

Regardless of whether the film ends up on Netflix, HBO Max, or elsewhere, the reported negotiations indicate that streamers consider high-profile film acquisitions to be
See full article at Indiewire »

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