Netflix stunned the entertainment world this week when it declined its bid for Warner Bros. Discovery, paving the way for Paramount Skydance to take ownership of the Hollywood studio. At the time, Netflix co-CEOs Ted Sarandos and Greg Peters said they were financially disciplined. Now reporting in Bloomberg offers more details about why Netflix executives […]
It was just a day ago that Netflix announced an $82.7 billion deal to acquire Warner Bros. to take over, and it is already described that the takeover will bring Hollywood to “full panic mode,” “possibly a death knell for theatrical filmmaking”, and maybe even “the end of Hollywood” yourself. Some of the fiercest opposition […]