Warner Bros. has an infamous history of being bought by other companies and then quickly ending up back on the market after its new owners realize how difficult it is to capitalize on a legacy production studio’s assets. Those challenges are part of what doomed WB’s mergers with AOL and AT&T, who bought the studio in attempts to reinvent themselves. But WB’s latest acquisition deal – this time with Netflix for $83 billion – feels like it has the potential to turn out differently because of how much of a major player within the entertainment industry the streamer has become. It also signals just how far Netflix has come: in less than two deca …
Read the full story at The Verge.
Original Source: https://www.theverge.com/entertainment/839480/netflix-warner-bros-acquisition-hbo-theatrical-releases-layoffs
Original Source: https://www.theverge.com/entertainment/839480/netflix-warner-bros-acquisition-hbo-theatrical-releases-layoffs
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