Netflix ‘s roundhouse $82.7 billion acquisition of Warner Bros . Discovery’s studio, HBO and streaming assets has proved a corkscrew punch for Hollywood this morning, but the CEOs in the ring are respectively telling their staff to chill, for now.

Both WBD’s David Zaslav and streamer co-CEO Greg Peters individually sent out missives to employees worldwide early Friday as the stock market, Oscar winners and the White House woke up to the news that could fundamentally reshape the media industry

A shift that Zas himself acknowledged with his usual lack of understatement.

“This decision reflects the realities of an industry undergoing generational change – in how stories are financed, produced, distributed, and discovered – and recognizes the strong, transformed company we are toda

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