Hollywood, already on shaky economic ground, shudders at the prospect of a mega

For some in Hollywood, Netflix, the king of streaming, represents an existential threat. Bing Guan/Bloomberg/Getty Images New York —

The business of Hollywood was in trouble long before the earth-rattling news that Netflix had inked a $72 billion takeover of Warner Bros. And while the deal is widely seen as a coup by Netflix, once a scrappy startup that had to fight to be taken seriously, it also threatens to further shrink the industry and raise prices for consumers.

Producers, actors, writers and theater owners are not thrilled about the prospect of a mega-Netflix dominating show business, with major unions and trade groups expressing deep concern about the potential impact on jobs and communities.

“The world’s largest streaming company swallowing one of its biggest competito