Concerns about media consolidation, film. 5, netflix landed a whale of a deal that sent shock waves through the community. Discovery, but lost out to netflix , setting the stage for a legal fight that could shape the future of hollywood. · hollywood is bracing itself for more belt-tightening and job losses if netflix ’ s $83bn deal to acquire warner bros goes through, as entertainers and the industry’s powerful unions urge. The streamer that has upended traditional hollywood is planning to join the ranks of studio owners. Will netflix keep warner bros? Will netflix continue allowing warner bros to distribute movies on cinema screens? Netflix ’ s deal to acquire warner bros. , one of hollywood ’s oldest movie studios , poses seismic shifts to the entertainment industry and the future of moviegoing. · by acquiring warner bros. , netflix would gain access to some of hollywood ’s most beloved and lucrative titles, including “batman” and “harry potter,” as well as a deep, 100-year-old library of. Discovery is approved. Will netflix continue releasing movies for warners studio films? Will netflix buy warner bros & hbo max? · the major hollywood labor unions have chimed in on netflix ’ s proposed $82. 7 billion takeover of warner bros. · hollywood s storied past and streaming future are set to combine if netflix ’ s $72 billion deal to acquire warner bros. Film and television studios , hbo max and hbo, and none is anticipating a happy. · tech mogul larry ellison made a bold move to acquire warner bros.