Gunn Remains Optimistic as Netflix Acquires Warner Bros., Despite Prior Industry Maneuvering
A recent deal saw Warner Bros. fall into the hands of Netflix, but the transition appears to be met with measured optimism from DC Studios co-CEO James Gunn, even after a period of intense speculation and behind-the-scenes activity. The acquisition follows a tumultuous period marked by attempted acquisitions and creative clashes within the DC Universe.
Last month, a report from Puck revealed that filmmaker Zach Cregger, known for his work on “Weapons,” was actively seeking a home for his DC project, “Henchman,” with Skydance/Paramount. This occurred while Gunn still held the authority to approve DC projects, raising eyebrows across the industry. The move was widely interpreted as a calculated risk, particularly as many anticipated Paramount would ultimately succeed in acquiring Warner Bros. outright.
The attempt to shop “Henchman” to a rival studio was perceived by many as a direct challenge to the authority of Gunn and Peter Safran, the current architects of the DC film slate. These two executives have prioritized developing scripts to their specific vision before greenlighting projects. The situation fueled concerns among fans that a potential Ellison-owned Warner Bros. might deviate from Gunn’s established plans, potentially deeming the DCU’s direction too risky, especially considering recent box office performance. However, those concerns proved unfounded as Warner Bros. ultimately accepted Netflix’s bid.
Looking ahead to January 2026, Gunn appears remarkably composed. During an appearance on Variety’s Awards Circuit podcast, he stated, “Do I have hopes? No, I really don’t because everything’s unknown.” He continued, “I think it’s all really exciting, frankly. So I hope and pray for the best. And I’ve been through these sorts of changes so many times that I’ll always be careful what you wish for because you don’t really know until you know. And I hope it goes well, and I think it’s exciting, you know, every direction has really exciting things for DC, so I’m excited about where it’s going to go.”
This period of transition for the Gunn and Safran-led DC Studios is unfolding within a broader Hollywood context characterized by constant change. Streaming platforms are aggressively pursuing legacy studios, corporate restructurings are commonplace, and speculation dominates industry headlines.
Gunn’s response is notably measured, yet hopeful. One analyst noted that, given Paramount’s perceived attempt to circumvent his authority by engaging with Cregger, he likely feels more at ease with Netflix assuming control of Warner Bros. The move suggests a level of respect for the creative vision Gunn and Safran are building.
The fate of Cregger’s “Henchman” remains uncertain. A key question lingers: did his preemptive meeting with Paramount potentially jeopardize the project’s future? The answer remains to be seen, but the shifting landscape of Hollywood suggests that adaptability and strategic positioning will be crucial for all involved as the DC Universe continues to evolve.
