💨 Abstract

Netflix's $82.7 billion acquisition of Warner Bros. Discovery has sparked controversy in Hollywood, with concerns about job security, theatrical releases, and diversity. Netflix co-CEOs Greg Peters and Ted Sarandos have assured employees that there will be no studio closures and that theatrical releases will continue. However, the Writers Guild of America and several senators have raised antitrust concerns, fearing increased market power and higher consumer costs.

Courtesy: Lauren Forristal