Netflix's Acquisition of Warner Bros. Could Be A Win-Win
Is there any good that could come from this merger? We have some thoughts....
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Warner Bros. Discovery has been caught between Scylla and Charybdis lately, pulled between two aggressive bidders (Netflix vs. Paramount Skydance's David Ellison) who would see the venerable, century-old studio fall prey to a complex array of possible futures. The industry is scrambling as a consequence.
News dropped last week that Warner Bros. Discovery, Inc. had accepted an $82.7 million offer from streaming titan Netflix to buy its film and television studios. The prospect of Netflix absorbing a major studio has nonetheless provoked tense conversations in Hollywood backrooms and among online theatrical advocates, alike. While that immediately seemed cut and dry, “nobody knows anything” in Hollywood, to quote esteemed scribe William Goldman, and the war isn’t quite over yet.
