Netflix wants everyone to take a deep breath and chill. According to the company’s top brass, the plan to swallow Warner Bros. and HBO Max whole for a casual $82.7 billion is actually good news for Hollywood,

Netflix has made waves in entertainment with its deal to acquire Warner Bros. The streaming giant announced on December 5 that it had reached an agreement to purchase Warner Bros.

Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.

A video spreading across platforms purports to show the Netflix logo painted over the historic water tower at Warner Bros. Studios as the streaming powerhouse seeks to buy the global media giant's film and television studios and streaming services amid a bidding war with Paramount.

After winning the award for best game adaptation for HBO series The Last of Us, Druckmann took to the stage to make his speech. In the clip, now posted on Twitter, the Naughty Dog Studio Head thanked the relevant studios before adding, "Do we need to thank Netflix or Paramount, or whoever our streaming overlord is now?"

The bidding war to buy Warner Bros. Discovery is creating wild stock-price swings. There is more than one way to take advantage.Warner stock has been moving since news surfaced at the end of October that Netflix was interested in buying Warner Bros.