“The WBD Deal Puts Hollywood, and Democracy, at Risk.” That was the headline for an opinion piece written by Jane Fonda last December. Fonda feared Neflix’s acquisition of Warner Brothers Discovery (WBD).
Notable about what Fonda wrote was how much it was at odds with the sentiment of WBD shareholders, at least at the time. Seemingly aware of Netflix’s unrivaled ability to see around the proverbial corner of commerce, WBD shareholders likely saw the return potential of Netflix acquiring their shares. Which, of course, was not what Fonda liked. And she wasn’t alone.
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