Known for crime pictures in the 1950s, Batman movies in the 1990s, and then gritty television shows in the 2000s, Warner Brothers Discovery’s storied movie studio and popular HBO streaming networks are likely to be bought by Netflix for $82.7 billion. The blockbuster deal — if it materialises — can impact the entertainment industry for decades.

However, the agreement has raised several concerns as well. For instance, Cinema United, the American trade association for theatre owners, has called the deal “an unprecedented threat to the global exhibition business”.

Here is a look at why the deal took place and concerns around it.

The deal

For all its successes, Netflix, the world’s dominant streaming platform, has not been able to achieve two significant milestones so far. One, it is yet t

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