Ever since Netflix announced a deal to acquire Warner Brothers back in December,
some Hollywood creatives have been shaking in their boots.
A lot of the concern is just sort of that these guys are the disruptors from Silicon Valley.
They're a tech company.
That's my colleague Joe Flint.
What are they going to do?
And we're all going to be making movies and TV shows based off their algorithms and creativity will fly out the window.
So all the Netflix boogie monsters are coming out right now.
The deal isn't yet finalized, but if Netflix is successful,
the merger would create a Hollywood behemoth,
marrying the world's biggest streaming service with one of Hollywood's most storied studios filled with important IP.
Hollywood would prefer that no one buy Warner Brothers
because anytime one of these companies gets sold,
there's one fewer entity to sell a project to.
There's one fewer company to do business with.
And one of the men who'd be at the helm of this new entertainment juggernaut is Netflix co-CEO Ted Sarandos.
Does Ted Sarandos want to be the king of Hollywood?
Some might argue Ted is already the king of Hollywood,
but if he gets the Warner deal, he'll have a castle to go with his kingdom.
Welcome to the Journal, our show about money, business, and power.