Netflix Plans for TCM Turner Classic Movies Uncertain After Deal
The Hollywood Reporter • • general
Key Points:
- As part of Netflix's $83 billion acquisition of Warner Bros., the streaming service will acquire Turner Classic Movies (TCM), a unique basic cable channel known for its curated classic film content and cultural significance.
- TCM holds a special place among influential filmmakers like Steven Spielberg, Martin Scorsese, and Paul Thomas Anderson, who have expressed concern over its future following recent budget cuts and leadership changes at Warner Bros. Discovery.
- Netflix co-CEOs have stated they are not interested in traditional cable TV, making TCM's future as a standalone cable channel uncertain, though the brand may continue as part of Netflix's streaming offerings or live events.
- Despite TCM being a minor asset for Netflix, the company’s commitment to
