The surprise news Thursday that Netflix was ending its pursuit of Warner Bros. caught nearly everyone in Hollywood off guard, including staffers inside Warner Bros., Paramount and Netflix. The reaction, of course, varied — depending on which side of the Hollywood Hills you sat, what division you’re a part of and even your political persuasion.
“It’s obviously very upsetting to employees,” said one exec inside Warner Bros., who described the news as a “gut punch.” Employees at the studio were said to be holding out hope that Netflix would come up with a new bid to out-maneuver Paramount Skydance‘s “superior proposal,” and thought they’d at least have four days
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