David Ellison Won the Empire He So Desperately Wanted. Nobody Is Cheering.

Ms. Waxman is the founder, chief executive and editor in chief of The Wrap.

Nobody in Hollywood wanted any of this to happen. No matter who triumphed in the monthslong, high-stakes takeover battle between Paramount Skydance and Netflix for Warner Bros. Discovery, many other people are going to lose.

Netflix is widely resented for upending the business model of the legacy entertainment industry, which meant nobody was exactly cheering it on.........

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