"Anthony: Certainly symbolically, it's this moment where the upstart has eaten Hollywood. There've been all these articles, even before this deal, saying, "Netflix is eating Hollywood, Netflix is transforming Hollywood." Regardless of whether or not this deal ends up going through, Netflix will have transformed Hollywood, but this seems like the biggest - both symbolically but also substantively - one of the most dramatic things that can happen."
"Whether or not Netflix's $82.6 billion acquisition of Warner Bros. goes through, the deal encapsulates a fraught moment for Hollywood, as the entertainment business is increasingly overshadowed by tech giants. On the latest episode of the Equity podcast, Kirsten Korosec and I discussed the deal's implications, both for Netflix and the larger Hollywood ecosystem. Kirsten noted that it's just the latest move bringing more consolidation to the media business, and she wondered whether it's "too big a risk" for Netflix."
Netflix is pursuing an $82.6 billion acquisition of Warner Bros., reflecting a major consolidation move that underscores tech companies' growing control over entertainment. The transaction would mark a symbolic and substantive expansion of Netflix into legacy studio assets and raises substantial regulatory and antitrust uncertainties. Competing approaches from other studios, including a hostile bid from Paramount, intensify competitive stakes. Financial analysts and industry observers express uncertainty about the strategic fit and risk scale for Netflix. Regardless of the deal's outcome, the balance of power in Hollywood appears to be shifting, with standalone studio independence diminishing.
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