Netflix has announced plans to buy part of Warner Bros. Discovery in a $72 billion deal that could send shockwaves through the entertainment industry – especially for streaming services. The acquisition will include WBD’s film and TV studios,

The studio’s latest M&A deal is different than the ill-fated AOL-Time Warner merger, but it’s not without precedent.

Somewhere, Robert Pietranton is smiling and spinning his favorite tune, Bruce Springsteen’s “Walk Like a Man” from the “Tunnel of Love” album. The beloved and well-respected communications exec, who just celebrated his birthday on Nov. 10, died ...