opinion

Streaming giant Netflix will acquire film and television studio Warner Bros. Discovery for nearly US$72-billion, the two companies announced in a joint statement on Dec. 5.

Moviegoing might have died Thursday night. Perhaps that sounds a tad dramatic, but sometimes you have to deploy the hyperbolic language of Hollywood, especially when describing an industry disaster that is existentially on par with the most explosive chaos ever put on the big screen.

The calamity stems from the news that Netflix is officially buying Warner Bros. Discovery for US$82.7-billion. While the mammoth acquisition is far from a done deal – there are genuine antitrust concerns at play, and Paramount Skydance, Netflix’s rival suitor for WBD up until a moment ago, could throw up all variety of legal chal

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