The audience is looking at the future of Warner Bros. Discovery ever since Netflix decided to take over the bid to take over the popular Hollywood studio. Read more
As per the latest update, media industry is finding huge up and down with one company proposing to buy, merge, or reorganize into another. The same happened with Netflix that decided to take over the legendary Hollywood studio Warner Bros Discovery.
Warner Bros. Discovery, which is owned by David Zaslav is facing a dilution by Netflix. It all happened after Netflix proposed a bid totake over the popular Hollywood studio. The update came forth after Hollywood insider first reported.
Other Buyers Interested
The current scenario has been building in such a way that Netflix is looking forward to buy Warner Bros. Discovery. However, last week reports indicate that owner of Skydance Media David Ellison, who’s also the son of Oracle billionaire Larry Ellison is keen to purchase the Hollywood studio.
The reports further suggest that Ellison is not only looking forward to but also has completed an $8 billion deal against the studio. This shows how he is planning to expand his business in the future.
Other than the ongoing deal, NBCUniversal is also known to have shown the interest to take over the studio. According to some experts, there arew some legal boundations coming along to make the deal almost impossible.
Existance of Warner Bros.
Warner Bros. is one of the oldest Hollywood studios which has produced loads of blockbuster films. If you look in the recent past, it has been many films that not only liked by the audience but also made a huge impact on the box office.
For example, Barbie and Dune: Part Two was a major win for the studio in the recent past. There are some other films that struggled at the box office.
Some of them include Joker sequel and Red One. In spite of all the ups and downs, the studio continues to be the favorite among the audience.
What Netflix Deal All About?
As per the ongoing deal, if Netflix finally takes over the Warner Bros., it will creatre a history. Being a major player in the redistribution of movies produced by the studio, fans are in a bit of confusion.
They now think that big budget films will now bypass cinema halls and straightaway start streaming on the online platform with loads of ads.
Critics also point out that Netflix has been accused of prioritizing quantity over quality. They further argue that the “Netflix look” comes across as inexpensive, especially when stacked against the craftsmanship of traditional filmmaking.
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Manoj Patel is a senior video journalist who has a degree in Mass Communication. He has a rich experience in editing videos and writing stories on different platforms.
