In the biggest acquisition of a finished film it has made so far, Netflix has acquired from Warner Bros the worldwide rights to Mowgli, the CGI live action film directed by Andy Serkis based on the Jungle Book stories of Rudyard Kipling. Instead of an October 19 theatrical release by Warner Bros, the film will be released globally on Netflix next year, with a theatrical component built in so that audiences can see the 3D version that Serkis has been working so hard on.
Well this is new. A movie that was close to coming out in theaters was snatched up by Netflix. This definitely changes things.