Angst turns to anger in Hollywood as Netflix hooks Warner Bros

by · Australian Financial Review

Brooks Barnes and Shawn Hubler

In October, when Warner Bros Discovery hung a “For Sale” sign on itself, Hollywood was sad. Mega-producer Larry Gordon likened the feeling to a death in the family. In group WhatsApp chats, screenwriters used words like “heartbreaking” and “tragic”.

Now that a sale has been announced, with Netflix striking an $US83 billion ($125 billion) deal for the Warner Bros studio and its sibling streaming service, HBO Max, a different emotion is washing through the entertainment capital: Hollywood is mad.

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