the Netflix-Warner Bros. Deal Changes Hollywood
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The business of Hollywood was in trouble long before the earth-rattling news that Netflix had inked a $72 billion takeover of Warner Bros. And while the deal is widely seen as a coup by Netflix, once a scrappy startup that had to fight to be taken seriously,
The Hollywood Teamsters ‘ boss Lindsay Dougherty joined several other union leaders in raising alarm bells Friday regarding Netflix’s plans to acquire Warner Bros. in an $82 billion deal.
With Netflix, the Warner Bros. Discovery board is getting what it wanted – a market-leading buyer with firm financial foundation.
Netflix co-CEO Ted Sarandos says Netflix will still support Warner Bros movies in theaters, though windows may evolve after their acquisition.
A senior British TV producer said the takeover was “very bad” for the industry, sharing a link to a Jane Fonda op-ed in another trade in which the Oscar-winner said it would mean “fewer jobs, fewer opportunities to sell work, fewer creative risks, fewer news sources and far less diversity in the stories Americans get to hear.”
And this time, Shelby (Cillian Murphy) and the rest of the Peaky Blinders will also be in theaters: Netflix is giving the Peaky Blinders movie a theatrical release, albeit a limited one. As Netflix is sometimes,
Netflix has confirmed the theater locations that will screen the series finale and that it will run for over two hours