Cinema owners oppose a megadeal that would see one of the last Hollywood legacy studios snapped up only five years after the demise of 20th Century Fox: "We have fixed costs."

If the deal goes through, an algorithm-powered streaming titan would gobble up a 102-year-old movie studio synonymous with the romance of old Hollywood.

Netflix has struck a deal to buy Warner Bros. Discovery, the Hollywood giant behind “Harry Potter” and HBO Max.

Warner Bros.’ latest M&A deal is different than the ill-fated AOL-Time Warner merger, but it’s not without precedent.

Netflix Inc. has agreed to purchase the streaming and studio assets of Warner Bros. Discovery Inc. in a $72 billion deal that’s likely to impact the entertainment industry for decades.

Warner Bros. merger would risk a monopsony where a single buyer wields enormous control over the marketplace, a former head of Amazon Studios warned. Roy Price, who is now chief executive of studio International Art Machine,

Hollywood executives spent decades mocking Netflix's ambitions. Now, the streaming giant will own Harry Potter, the DC Comics extended universe, and HBO in one historic mega-deal.

There's a growing fight in Hollywood over some of the biggest characters on screen, like Tony Soprano, Daenerys Targaryen and Harry Potter. All feature in shows and films owned by Warner Brothers Discovery,