The people and industry have spoken: Netflix potentially buying Warner Bros. for $83 million is pretty bad!

Netflix co-CEO Ted Sarandos assures press and investors it will honor Warner Bros.' prior theatrical release agreements but to expect that to 'evolve' to be more 'consumer friendly.'

The streaming giant has emerged at the top of the pile after the bidding war for Warner Bros., in a deal that could change the balance of power in Hollywood forever.