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Risk-taking. Warner Bros. funded The Matrix , Mad Max: Fury Road , and Barbie (2023) — a $1.4 billion hit that proved IP can be both commercially massive and critically subversive. Their recent focus on filmmaker freedom (e.g., Christopher Nolan before his departure) remains a draw for top talent.

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Data-informed greenlighting, binge-release model, global content in multiple languages. Prioritizes volume and viewer retention over theatrical prestige. Risk-taking

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Strategic humility. Sony licenses its Spider-Man character to Marvel Studios (for the MCU) while producing its own Venom and Spider-Verse films. They sell their films to Netflix or Disney after theatrical windows, avoiding the losses of running a proprietary streaming service.