Netflix and Warner Bros. deal is far from a sure thing
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Netflix CEO Ted Sarandos’ early criticism of an infamous ‘HBO Max’ move adds surprising context to the current Warner Bros. deal.
"Everyone's just like, 'how is David Zaslav going to make so much money when he ran the company into the ground?'" says a studio executive. "The unjustness of that, when all these people are going to be out of work—it should be illegal.
Hollywood is in a brave new world
Hollywood has unleashed a wave of fear that the Netflix acquisition of Warner Bros will further erode the struggling movie business and slant the Hollywood balance of power toward the streamer. "Terrible.
The studio’s latest M&A deal is different than the ill-fated AOL-Time Warner merger, but it’s not without precedent.
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,