STORY – Decline in the number of films produced, uncertain theatrical releases… As the two giants battle to take over the legendary studio, the American film industry is concerned about the damaging consequences of this takeover, whoever the big winner is.
Left witnesses, the tired palm trees of Sunset Boulevard watch Hollywood tremble. Since the legendary Warner Bros studio was put up for sale this fall, panic has begun to pour down like torrential rain over the hills of Beverly Hills. The air there is saturated with the same conversations, which no wind dispels. “Disaster”, “danger”, “catastrophe”, “Apocalypse”…Many watch with trepidation the ongoing battle between titans to capture one of the last jewels of the global entertainment industry.
There are two contenders in the race. On the one hand, streaming giant Netflix, whose $83 billion proposal was accepted by Warner’s board of directors on December 5. On the other side is the studio Paramount Skydance, whose hostile counter-offer of $108 billion was rejected on December 17. Netflix is well on its way to winning the game. But the game is far from over and the road ahead is…
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