Netflix’s $82.7 Billion Warner Bros. Takeover Sparks Fears — and a Few Hopes — for Theatrical Cinema

The streamer’s historic acquisition of Warner Bros. Discovery rattles Europe’s film industry as exhibitors warn of a cultural “earthquake.

Netflix has officially acquired the studios and streaming divisions of Warner Bros. Discovery (WBD) in a landmark $82.7 billion deal announced on December 5 — a seismic move in the global entertainme…