Netflix CEOs defend Warner Bros. deal
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Several Hollywood unions, including the Writers Guild of America and Teamsters, have expressed serious concerns over a potential sale of Warner Bros. Discovery or its assets to Netflix or Paramount.
Netflix Co-CEOs Greg Peters and Ted Sarandos call their pending $83B acquisition of Warner Bros. "a win for the entertainment business."
Interviews with dozens of actors, producers and camera crews reveal an industry attempting to weigh the lesser of two horrible choices.
Hollywood has unleashed a wave of fear that the Netflix acquisition of Warner Bros will further erode the struggling movie business
If the deal goes through, an algorithm-powered streaming titan would gobble up a 102-year-old movie studio synonymous with the romance of old Hollywood.
Netflix and Warner Bros. have a deal, but regulators must approve the move. The question of how to define Netflix's market is a key consideration.
Paramount chief executive met with investors in New York to push his hostile bid for the Hollywood studio group