Hollywood expressed concern about possible layoffs after the purchase of Warner Bros.

Hollywood is preparing for possible budget cuts and job cuts after the American streaming service Netflix acquired the Warner Bros. film studio for $83 billion. This was reported on December 7 by the Financial Times newspaper.

According to Stephen Galloway, dean of the Dodge College of Film and Media Arts at Chapman University, possible layoffs and the future of the film industry are what Hollywood is most concerned about.

Film agents, producers and other film personalities are concerned that the deal between Netflix and Warner will lead to a reduction in the number of buyers of TV series and films, and, therefore, to a decrease in work in the field of cinema, the material says.

The author of the article notes that since 2020, Hollywood has lost tens of thousands of employees, and many of them have left Los Angeles in search of work elsewhere.

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Netflix streaming service to acquire Warner Bros. film studio Discovery for $82.7 billion According to Netflix, this deal will be able to combine two leading entertainment businesses. It was noted that many of the studio's franchises, including "The Big Bang Theory", "Game of Thrones" and others, will be included in the Netflix portfolio. As the general director of the streaming service noted, the agreement will contribute to the accelerated development of the joint business "for decades to come."

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