As Paramount Skydance Grabs Warner Bros. and Netflix Bows Out, the Mood Inside All Three: Champagne Toasts vs. ‘Gut Punch’

The surprise news Thursday that Netflix was ending its pursuit of Warner Bros. caught nearly everyone in Hollywood off guard, including staffers inside Warner Bros., Paramount and Netflix. The reaction, of course, varied — depending on which side of the Hollywood Hills you sat, what division you’re a part of and even your political persuasion. […]