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.

Either Netflix or Paramount buying Warner Bros. Discovery would be an unhappy ending for streaming customers.

Here are some of the major companies whose stocks moved on the week’s news.

Candle Media co-CEO and former Disney executive Kevin Mayer anticipates that Paramount will continue to raise its hostile takeover bid for Warner Bros. Discovery. The executive would know, having been involved in every step of Disney's $71.

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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