Warner Bros. Discovery faces decline, with stock at 52-week low. HBO promotes new Game of Thrones prequel with giant dragon balloon on Empire State Bldg.
Gelfond's comments appeared after Netflix recently announced that the first two immersive venues, dubbed "Netflix House," will open by 2025 at King of Prussia in Pennsylvania and Galleria Dallas, Texas.
Netflix is actively seeking a production partner for the NFL games it plans to air on Christmas Day, with discussions reportedly underway with major broadcasters.
In a significant shift in the streaming ad market, Amazon has caused a major disruption for Netflix by introducing an ad-supported version of its Prime Video service.