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Netflix Reassures Subscribers Following Warner Brothers Partnership Announcement
Netflix reassures subscribers that Warner Bros. and HBO Max will remain separate and no service changes will occur until regulatory approvals finalize the deal.
- Early Saturday, Netflix emailed over 82 million U.S. subscribers saying `nothing is changing today` after its $82.7 billion deal to acquire Warner Bros., including HBO Max and HBO.
- Reassuring subscribers, Netflix noted it still needs regulatory and shareholder approvals, expecting to close the transaction in 12-18 months.
- The Help Centre FAQ reiterated that HBO and Warner shows won’t be on Netflix soon and confirmed current membership plans and prices aren’t changing for now.
- Political figures pushed back, with Senator Elizabeth Warren urging the Justice Department to review the deal and U.S. Representative Pramila Jayapal warning `It would mean more price hikes, ads, and cookie cutter content, less creative control for artists, and lower pay for workers`.
- Warner Brothers plans to split next year, with Netflix keeping theatrical releases but shortening windows, while analysts say price rises seem likely after Warner content moves to Netflix.
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Netflix reassures subscribers following Warner Brothers partnership announcement
Netflix sent an email to its subscribers on Friday titled "Welcoming Warner Brothers to Netflix."
·Missoula, United States
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Netflix Sends Subscribers Email Promising 'Nothing Is Changing Today,' as Concern Over Price Rises Grows Following Warner Bros. Acquisition News
Netflix has sent subscribers an email of reassurance following the news of its $82.7 billion deal to acquire Warner Bros., amid concern over potential price rises.
·United States
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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