But despite the upbeat mood on Wall Street, every big deal includes losers. And this is no exception: Assuming it goes through, the losers in this deal will be Hollywood’s unseen entertainment workers—the writers, non-star actors, directors, set designers, and others, whose numbers have been decreasing for years.
Though WBD initially signed onto an $83 billion agreement to merge part of Warner Bros. with Netflix, Paramount persisted with a hostile takeover bid, followed by a series of offers. That persistence paid off, as WBD determined that Paramount's "best and final" offer is "superior" to Netflix's deal. On Thursday, Netflix declined to match Paramount's bid, calling it "no longer fina …
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Sakshi VenkatramanUS reporter