It seems to be official: Netflix is buying legendary movie studio Warner Bros. We've been warning of the consequences of Warner Bros. being put up for sale yet again, how it would completely alter the movie industry as we know it, bringing job loss, consolidation, and increased prices for the consumer, not to mention putting a huge question mark on the very future of theatrical releases.

In the end, the two contenders to scoop up the studio were Netflix, decidedly not of the theatrical model and the platform responsible for dumbing down cinema with its "second screen" approach, and Paramount Skydance. Netflix is now the winner of the bidding war, and has announced they've "entered into a definitive agreement under which Netflix will acquire Warner Bros., including its film and televi

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