Dakota Johnson touched down at the Red Sea Film Festival in Jeddah, Saudi Arabia, this week where the producer, actress and soon-to-be director teased her upcoming debut A Tree Is Blue and also weighed in on the impact of consolidation in Hollywood.

On Friday morning, it was announced that Netflix was set to acquire Warner Brothers Discovery (WBD) for a Total Enterprise Value of $82.7 Billion. While it is unclear how, or if, this acquisition, whenever it becomes official, will affect the wrestling world, Netflix is a partner of WWE, and WBD is an AEW partner.

Acquisition announced on Friday puts $83bn price tag on company’s studio and streaming businesses, including debt

Welcome back to your weekly International Insider. The TV industry has been in London this week, while the film world went to the Red Sea, and, in the past hour, Netflix and Warner officially got cozy. Sign up to the newsletter here, and let’s begin.

Bloomberg reports Warner Bros. Discovery ( WBD 0.12%) has entered exclusive talks with Netflix ( NFLX 0.71%) to sell the film, TV studio and streaming divisions, with a deal possible within days. The former's shares slipped over 1% in pre-market trading, while Netflix stock edged down around 0.5%.

Jeff Bewkes, the former CEO of Time Warner, admitted he was mistaken when he dismissed the streamer as a threat.

Netflix is reportedly leading the race to acquire WBD assets. Jonathan Kanter says NFLX's proposal will face intense regulatory scrutiny.

After a few marathon days of telephone and video calls, emails and text message chains, the $82.7 billion agreement for Netflix to buy Warner Bros. and HBO Max was clinched Thursday night around 10 p.