What DC’s James Gunn Thinks of the Netflix/Warner Bros. Deal

Hollywood is currently in a period of transition. The entire industry sees streaming as the only true future, which recently led to Netflix striking a deal to buy Warner Bros. Although a deal of this scale has far greater implications, This means that the DC Universe could see big changesas the world’s largest streaming service could own DC Studios by this time next year, if all goes according to plan. So what does DC Studios co-head James Gunn think of all this?

The “Superman” director was recently a guest on Variety “Rewards Discussion” podcast and discussed the deal, which is far from official as it still needs to get regulatory approval. There are also Paramount’s continued attempts to outdo Netflix’s offering.. Either way, Gunn naturally has some thoughts on the matter. “Really not,” Gunn initially responded when asked if he had any hopes for the outcome of the Netflix/Warner Bros. deal. The executive and filmmaker then elaborated on his feelings as they currently stand, explaining:

“It’s all unknown. I think it’s all really exciting, frankly. So, I hope and pray for the best. I’ve been through these kinds of changes so many times that, you know… be careful what you wish for because you don’t really know until you know it. I hope it all works out. Each direction has some really exciting things going for DC. So, I’m excited about where it’s going to go.”

Gunn seems largely optimistic about all of this, at least for now. It’s worth noting that the contract he and DC Studios co-head Peter Safran have with WB is expected to last until 2027, as things stand. What happens beyond that is an enigma at this point.

“Superman” was a considerable success for WB, and the new DC Universe was off to a strong start. The movie “Supergirl”, based on the comic book “Woman of Tomorrow”is set to hit theaters this summer, followed by “Clayface” in September. The TV show “Lanterns” is also expected to premiere on HBO Max this year.

We then arrive at 2027, which will see Gunn’s ‘Superman’ Sequel, ‘Man of Tomorrow,’ Hits Theaters. The highly anticipated “The Batman Part II” is also expected to arrive in October next year. Beyond that? It becomes risky. By then, Netflix would be firmly in control of Warner Bros., assuming the deal goes through. In the meantime, Gunn, Safran and WB must operate as if the DCU will move forward as planned. However, at some point, Netflix will come into play.

Little has been revealed about Netflix’s plans, but the company would likely keep films in theaters for much shorter windows before bringing them to streaming. This would be something Gunn and Safran would have to reckon with. Talk to Bloomberg Last month, Netflix co-CEO Ted Sarandos hinted that he would like to see DC produce more shows for the streamer, like “The Penguin,” in addition to movies:

“You should think about ways to explore all of these IP universes beyond just making marquee films. Examples would be some of the early moves in the DC Universe for things like ‘Penguin’ became big television.”

Gunn and Safran have big plans and, as things stand, Netflix seems interested in these projects, provided they can be adapted to a different business model. Gunn’s comments suggest he’s ready to play ball.

“Supergirl” hits theaters on June 26, 2026.