Netflix's $82.7B Warner Bros. deal sparks Hollywood panic, job fears

• Netflix acquired Warner Bros. Discovery for $82.7 billion, sparking concern across Hollywood.
• The deal includes Warner Bros.' film and TV divisions, including HBO and HBO Max, but excludes global networks like CNN and TNT Sports, which will form Discovery Global.
• Hollywood producers and major unions (DGA, PGA, WGA) expressed alarm, fearing job losses, reduced wages, and negative impacts on theatrical releases and content diversity.
• Concerns center on Netflix's approach to theatrical releases, as its typical limited runs contrast with Warner Bros.' longer cinema windows.

Why It Matters: Netflix's WBD takeover sparks industry panic over jobs, content, theatrical releases.