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,

Netflix co-CEO Ted Sarandos insisted his streamer will still support Warner Bros.' movie theater output once the deal to buy WBD for $82.7 billion goes through. "It's not like we have this opposition to movies into theaters.

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,

This is a David and Goliath story – with a twist. Almost exactly 15 years ago today the owner of Warner Bros. and HBO pushed back on Hollywood and Wall Street hype about a streaming upstart named Netflix.

Discovery, Jane Fonda, on behalf of the Committee for the First Amendment, denounced the deal as a "constitutional crisis" that could destroy Hollywood. "Today's news that Warner Bros. Discovery has accepted a purchase bidis an alarming escalation of the consolidation that threatens theentire entertainment industry,

Warner Bros. Discovery is set to establish an Integration Office, in which company planning will be coordinated with Netflix, within regulatory requirements, according to a memo sent to WBD employees Friday.

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.”