Netflix's $83 Billion WBD Bid Shakes Hollywood: Is Streaming Becoming Traditional TV?

• Netflix's $83 billion bid for part of Warner Bros. Discovery (WBD) and Paramount Global's $108.4 billion counterbid have sent shockwaves through Hollywood.
• Concerns arise over potential job cuts, subscription fee increases, antitrust issues, and the deal's impact on the film industry.
• Netflix's decision to exclude Discovery's cable channels highlights a move away from legacy TV infrastructure towards streaming.
• Despite its "disruptor" image, Netflix is increasingly adopting traditional TV practices like acquiring back catalogs, content rebundling, and live events.
• The WBD acquisition would accelerate Netflix's integration of long-standing network and cable TV models into its online platform.

Why It Matters: Netflix's WBD bid reveals its shift from disruptor to adopter of traditional TV models, reshaping the entertainment industry.