Warner Bros. officially put itself up for sale only a few months ago, and bids came in like wildfire. It's hard to believe that less than 60 days ago it seemed like we'd have a pause in Hollywood's consolidation, but that was never going to happen. After Netflix emerged as the winner, again, I thought there may be a settling of the wars, but Paramount mounted its own hostile takeover, and now we sit in choppy seas as Hollywood tries to figure out who gets to own one of the greatest movie studios to ever exist. Let's dive in. How Long Will the WB Deal Take? Consolidation in Hollywood is inevitable, but the thing that shakes the industry up the most is uncertainty. And with everyone watching this situation unfold, I have found that many execs feel paralyzed by the news and therefore don't work to develop or buy at a rate that would be beneficial to writers and directors. And now Bloomberg says this could take months. This slowdown has happened before, when Skydance bought Paramount this year, and it took away the 'survive till '25' mentality and shifted to more waiting, and a "stay in them ix til '26" slogan that just felt like kicking a can down the road. And now, the bidding for Warner Bros. is expected to last at least months. There are multiple people involved in the process, bids to be sorted through, and then government programs that have to review and sign off....
Published By: NoFilmSchool - Yesterday