Netflix’s acquisition of Warner Bros. Discovery rewrites Hollywood’s power map, pulling HBO, DC, and major franchises into a single streaming empire.

Netflix’s recent move to acquire Warner Bros. Discovery for $82.7 billion appears to be only one part of a much broader acquisition strategy. According to a Bloomberg, the streaming giant previously evaluated potential buyouts of Electronic Arts, 21st Century Fox, and even Disney before shifting its focus to Warner Bros.

Blocking Warner Bros. Discovery from being acquired by either Netflix or Paramount and re-establishing vigorous competition throughout the industry will bring prices down for consumers, give viewers more choices and keep movie theaters alive.

The athletic apparel company said Chief Executive Officer Calvin McDonald will step down in January and relinquish his board seat. Chief Finance Officer Meghan Frank and Chief Commercial officer André Maestrini will serve as interim co-CEOs.

The executive, who was instrumental in securing Disney's $71 billion deal for Fox, suspects "we're in for more fireworks here"

Hollywood has faced a difficult last few years, with the COVID-19 pandemic and the dual strikes. A merger between two major players could mean even more job cuts, experts said.

Junkoo Kim, Founder, CEO & Chairman of the Board, reported solid third quarter results with "adjusted EBITDA of $5.1 million, coming in above the midpoint of our guidance range." Kim highlighted total revenue of $378 million, up 8.7% year-over-year, and ...

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