You’ve probably noticed that Netflix has been dropping a lot of tasty breadcrumbs for movie theater owners since trying to buy Warner Bros.—and finally delivering a whole loaf with the planned global theatrical release of Greta Gerwig’s upcoming Narnia film. That prompted me to ask a well-connected producer what he thought was afoot. Was Netflix still shopping for a way into theatrical? Was there more to this courtship than meets the eye? His reply: “I think that Ted [Sarandos] will eventually start a distribution division to handle theatrical releases.” Other Netflix observers in the industry agreed this was not only possible, but likely.