Recent years have been characterised by the decline of movie theatres, the streaming wars and labour strikes

ONE OF THE truisms of Hollywood is that the industry always seems to be in crisis. Recent years have been characterised by the decline of movie theatres, the streaming wars and labour strikes. But Tinseltown’s latest drama is worthy of its own HBO show. On December 5th Netflix struck a deal to buy Warner Bros Discovery, one of Hollywood’s few remaining studios (and the owner of HBO). This annoyed David Ellison—the boss of Paramount Skydance, another bidder—enough for him to mount a $108bn hostile takeover bid. Forget “Succession”. Call it “The Merger”. The story has everything : moguls, moviemaking and, of course, politics. PREMIUM

Paramount hopes to convince Warner Bros sh

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