Netflix’s deal to acquire Warner Bros. , one of Hollywood’s oldest movie studios, poses seismic shifts to the entertainment industry and the future of moviegoing.

As one of the remaining “big five” studios, the 102-year-old Warner Bros. is an essential part of movie theater business .

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The studio currently boasts three of the top five earning films domestically, including “A Minecraft Movie,” in first place, “Superman” and “Sinners,” as well as the Oscar frontrunner, “One Battle After Another.”

There are more questions than answers about how ownership from a streaming giant would change things for Warner Bros. It’s not even clear if it will pass antitrust scrutiny , or, if it does, what the details will look like.

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