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Neither Netflix nor Paramount Skydance is likely to rescue the struggling theatrical business. Perhaps the real issue pushing audiences away is $20 tickets and $18 popcorn — an experience that feels too costly for many. Still, whether Netflix's massive $82.7 billion bid for Warner Bros. Discovery succeeds or Paramount ultimately prevails with its bold $100 billion hostile offer, the consequences will be profound. CEOs, dealmakers, unions, creative talent and everyday consumers will all face major changes as Hollywood undergoes a seismic power shift.