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Netflix Breaks Theatrical Release Policy with Greta Gerwig's 'Narnia'

New York Times Business •
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Netflix announced it will debut Greta Gerwig’s *Narnia: The Magician’s Nephew* in theaters on Feb. 12, followed by a streaming release on April 2. This marks a first for the company, which has long avoided wide theatrical releases, instead prioritizing its streaming platform. The move signals a potential shift in Netflix’s business strategy, as the film will have a 45-day exclusive theatrical window—a departure from its usual approach of immediate streaming availability.

The decision comes amid pressure from filmmakers and theater owners seeking to revive box office revenue. While Netflix’s spokesperson stated there’s no strategic change, the company has shown interest in theatrical partnerships, such as bespoke deals with cinemas. This aligns with Ted Sarandos, a Netflix executive, who previously supported longer theatrical windows during Warner Bros. acquisition talks. The KPop Demon Hunters singalong events also hint at Netflix’s growing engagement with live and event-based releases.

Gerwig, fresh off the $1.4 billion success of *Barbie*, advocated for a theatrical run, stating, “I cannot wait for people to see the film in theaters.” The IMAX release, which will continue alongside streaming, underscores the film’s dual appeal. This exclusive theatrical window could set a precedent for future Netflix originals, balancing creator and audience demands with the company’s subscription-centric model.

The shift may influence market dynamics, as theater chains rely on extended theatrical runs for survival. Analysts note that streaming vs. theatrical debates remain central to the industry’s evolution. As Nicole Sperling highlights, this move could redefine how Netflix balances its business model with traditional cinematic distribution.