The LuckyChap producer and star is set to lead frequent collaborator Emerald Fennell’s adaptation of “ Wuthering Heights ,” which is now officially a Warner Bros. Motion Pictures Group title. IndieWire can confirm that the studio won MRC’s highly-anticipated feature after what we’re told was “a fierce bidding war.”

It’s all about the theatrical experience. Warner Bros. has secured the rights to Academy Award winner Emerald Fennell’s upcoming film adaptation of “Wuthering Heights” with Margot Robbie and Jacob Elordi,

Warner Bros. Motion Pictures Group has landed MRC's feature film adaptation of “Wuthering Heights” from director Emerald Fennell. Margot Robbie and Jacob Elordi are set to star in the project, which sparked a fierce bidding war.

Margot Robbie and Jacob Elordi's "Wuthering Heights," which will be directed by Emerald Fennell, will be released by Warner Bros.

In the latest Hollywood movie bidding war, the battle between a theatrical and a streaming release could not have been more stark. And in this case, theaters won out.

EXCLUSIVE: Score one for the theatrical film experience. After a fierce bidding war, Warner Bros Motion Pictures Group has won MRC's feature adaptation of Wuthering Heights from Oscar winner Emerald Fennell and starring Margot Robbie and Jacob Elordi.

Margot Robbie and Jacob Elordi are attached to star in the feature project, which hails from MRC and generated intense interest from streamers and studios and a bidding war. Warners won out partially due to its commitment to launching Heights theatrically worldwide.

Netflix was by far the highest offer in a bidding war for Margot Robbie’s new film, but the Australian actor and producer chose to accept one from a competitor that paid half the amount.