This.......
Is a dark day for entertainment.
Weeks ago, there was an announcement that Paramount, NBC Universal and Netflix were lobbying to acquire Warner Bros. Discovery. Today, the deal moves closer to completion as Netflix won the bidding war.
This would mean that Netflix would have their hands on the entire Warner Bros. catalogue, bringing it to streaming.
However, the reaction to the news has been far from heavy praise, as many within the business are calling it a travesty.
With Netflix, many have become accustomed to the binge method of shows, and now we're even seeing highly anticipated films only stay in theatres for a brief window before exclusively arriving on the streaming platform. This hurts movie going experiences, and will also hurt those who still collect physical media.
The deal is not yet closed as there are a lot of loose ends to tie up before it can be done. There are a few more hurdles Netflix must cross in order to fully secure WBD. There are anti-trust laws that could prevent the sale from being finalized.
Stay tuned.
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