Hollywood's Reckoning: Warner Bros Sale Pits Netflix Against Paramount

• The proposed sale of Warner Bros Discovery is causing significant anxiety and an "existential" mood in Hollywood.
• Netflix's $83 billion bid raises concerns about further weakening the theatrical model and reshaping industry pay structures.
• Paramount's rival bid, backed by the Ellison family and Jared Kushner, sparks fears of $6 billion in cost savings (job losses) and political influence over assets like CNN.
• The sale comes as Hollywood grapples with strikes, AI, declining revenues, and a struggling cinema business, intensifying the industry's insecurity.
• The bidding war has drawn political attention, with President Trump commenting on potential regulatory issues and CNN's future ownership.

Why It Matters: Warner Bros sale signals a major, uncertain shift for Hollywood's future.