"The battle for Warner Bros. Discovery Inc. has already lit a fire in Hollywood, with unions decrying the potential job losses, theaters sounding an alarm about the future of film releases and actors worrying about free speech. Now, the debate over which company will end up owning Warner Bros. - Netflix Inc. or Paramount Skydance Corp. - is carving up the country along political lines."
"President Trump added drama on Wednesday when he said that any deal for Warner Bros. should include the sale of its CNN cable news network. "It should be guaranteed that CNN is part of it or sold separately," he said. The network is run by "a very dishonest group of people." Warner Bros. and Paramount declined to comment. Netflix didn't respond to requests for comment."
Unions warned of job losses, theaters raised alarms about film releases and actors voiced free-speech concerns over Warner Bros. The ownership contest between Netflix and Paramount Skydance split political lines: Republicans opposed Netflix while Paramount’s David Ellison and backer Jared Kushner had White House ties. Some Democrats objected to Paramount because much of the $24 billion financing came from Middle Eastern sources. President Trump demanded any Warner Bros. deal include sale or guarantee of CNN and called the network dishonest. Warner agreed to sell studios and streaming assets to Netflix for $27.75 a share; Paramount made unsolicited offers and responded on Dec. 8.
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