Here’s a deep dive into the library that Netflix will acquire from Warner Bros. An earthquake just hit Hollywood. After an intense bidding process, Netflix has emerged victorious, becoming the future shepherd of Warner Bros. and its TV and movie studios, as well as HBO and HBO Max.

The competition between Netflix and Paramount Skydance to acquire the studio is haunted by the ghosts of mergers past.

With the tech takeover of Hollywood coming fast, legacy film studios now face an existential crisis. Paramount was swallowed by Skydance during a months-long $8 billion merger finalized in August.

Sen. Chris Murphy warned Saturday that a bid by Netflix to purchase Warner Bros. Discovery -- a deal that would place HBO under Netflix's control -- would be "a disaster" for consumers, workers and the media landscape,