Netflix, Hollywood and Warner Bros.
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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,
Studio sale stands to undercut earnings for virtually every other segment of the industry regardless of the buyer
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’s historic Warner Bros. acquisition will transform Hollywood and the streaming wars, raises antitrust questions and puts major franchises like DC and 'Stranger Things' under one roof.
Many viewers see streaming services as interchangeable. Would the media merger that may devour HBO change anything?
The director was convicted of wire fraud, money laundering and other charges, according to federal prosecutors in New York when the money he was paid by Netflix was spent on personal items
“Everybody hates Netflix,” she said to a visitor from overseas who inquired about the streamer. And it’s true. Even though lots of people in Hollywood depend on Netflix for their livelihoods, they hate the company and what it has done to a century-old, once-thriving business. But up to now, almost nobody has said it out loud.
Netflix is ringing in the holidays with another slate of Christmas-themed movies, but while this year's crop of films is a bit less starry than last year's, viewership is in pretty lockstep as subscribers flock to small-to-mid-budget rom-coms that channel the spirit of the season.
"The Convenant" is an intense war thriller movie from director Guy Richie, starring Jake Gyllenhaal. And it's got Netflix No. 1 in its sights.