Shaking the entertainment industry to its core, Netflix announced on Friday that it had agreed to acquire Warner Bros., including its film and television studios, HBO Max and HBO for $72 billion in a cash and stock deal. After years of tech companies gradually moving in on Hollywood’s turf, which saw companies like Netflix, Apple and Amazon invest billions in original content and threaten the traditional movie distribution model by disregarding theatrical release windows, this would be the first time that a tech company gains control of one of the five major Hollywood studios – Universal Pictures, Paramount Pictures, Walt Disney Studios, Sony Pictures and Warner Bros.

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