The writer has little sense of history and doesn't understand what "Hollywood" as a business, is. Hollywood is content creation. When Netflix creates their own

The writer has little sense of history and doesn't understand what "Hollywood" as a business, is. Hollywood is content creation. When Netflix creates their own content, they are becoming part of that business. The theater business is a different thing and the author neglects to mention that long ago the studios also owned theaters, so integration of that kind is not new. The author thinks that the fact that the price paid for studios recently means something. The history going back thirty years or more is of companies paying too much for studios because of the glamour of the business and later selling when they realize they have no idea how this crazy business works.