"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 has unleashed a wave of fear that the Netflix acquisition of Warner Bros will further erode the struggling movie business

Netflix is making seismic shifts in the entertainment business that might eventually impact Bay Area movie theaters. Netflix announced on Friday that the streaming service struck a deal with Warner Bros.

Warner Bros.’ latest M&A deal is different than the ill-fated AOL-Time Warner merger, but it’s not without precedent.