#Netflix Inc

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Entertainment

The Era of Hollywood's 'Big Five' Is Over — What the $111B Paramount-Warner Merger Actually Changes

Hollywood's Big Five studio system is shrinking to four for the first time in nearly a century. David Ellison's Paramount Skydance is acquiring Warner Bros Discovery for $111B in the largest media merger in history, and behind the blueprint of combining HBO Max with Paramount+, releasing 30 theatrical films annually, and cutting $6B in costs lies the fate of tens of thousands of jobs and the entire mid-budget film ecosystem.

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