[Reuters] Netflix to buy Warner Bros Discovery's studios, streaming unit for $72 billion

[Signalstar]

As a film lover and a WBD shareholder I am disappointed with this acquisition and hope it doesn't go through.

Netflix is out to completely destroy and replace the theatrical moviegoing experience which is near and dear to my heart.

Thankfully Christoper Nolan already jumped ship to Universal, no way he ever works with WB again now.

Normally I don't have faith that Trump's business friendly administration would block this merger, but Trump's buddy and mega donor Larry Ellison is reportedly salty that his company lost out in the bidding war. Maybe he will lobby Trump to stop it. That would be a corrupt turn of events of course. It should be blocked because it is bad for the industry, competition and consumers.

Also David Zazlav is such a snake. He is probably feeling good about himself because this was his plan all along to shape up the company to be acquired. Even though the share price recently doubled nearly all of that is due to speculation about the acquisition. The company was loaded down with debt and he spun off the cable division just to make the film's side balance sheet look cleaner. He is due for another big payday as CEO and a major shareholder and he will have a position at Netflix.