US EditionHow the Netflix-Warner Brothers Merger Will Impact You
The $72 billion deal will merge Netflix with Warner Bros.’ century-old content, expanding Netflix’s subscriber base beyond 300 million and creating a major entertainment consolidation.
- Netflix announced on Friday that it finalized a $72 billion purchase of Warner Bros Discovery's TV, film studios and streaming division, and Warner Bros Discovery will split into two publicly traded companies.
- Netflix co-chief executive Greg Peters said adding HBO and HBO Max programming will give members more high-quality titles and help Netflix optimise offerings, expanding its catalogue by about a century's worth of titles.
- Netflix defeated rival bidders Comcast and Paramount Skydance, must pay Warner Brothers a $5.8 billion breakup fee, and Sarandos said it is `highly confident` of approval.
- Hollywood unions including the Writers Guild of America urged blocking the merger, while U.S. and EU competition regulators may take more than a year to approve it.
- If approved, the deal could add some of HBO's 128 million subscribers to Netflix's more than 300 million base, experts warn this may raise prices, enable bundles and reduce content buyers.
15 Articles
15 Articles
The Mercury news
What might change for streamers under the proposed $72B Netflix-Warner Brothers Discovery deal
NEW YORK (AP) — Two of the most popular streaming services have agreed to combine, in a move that could change the streaming service landscape. Netflix said Friday it will acquire the studio and streaming business of Warner Bros. Discovery, the legacy Hollywood giant behind “Harry Potter” and “Friends,” for $72 billion. The transaction is expected to close in the next 12 to 18 months — after Warner completes its previously-announced separation o…
What will Netflix-WBD deal mean?
LOS ANGELES — If Netflix can complete its $82.7 billion deal to acquire Warner Bros. Discovery, it will be a lot bigger but not necessarily a lot better for consumers — or for the streaming landscape the company developed. Analysts predict that consumers, already chafing at rising subscription fees for streaming services, will be spending even more if the deal goes through. “It’s one less competitor and it’s a detriment ultimately to consumers b…
How the Netflix-Warner Brothers merger will impact you
Netflix and Warner Bros. announced an agreed upon $82.7 billion merger, becoming the latest major entertainment companies to join forces. How do these continued consolidations in the entertainment industry impact consumers? Netflix-Warner Bros. deal The blockbuster deal between the two will still require federal regulatory approval, which could take more than a year to finalize and could face some blowback. “[The deal] faces some stormy regulato…
Zero Hedge
BizTocBarclays Asks: Netflix-Warner Bros Deal - Holy Grail... Or Poisoned Chalice?
Barclays Asks: Netflix-Warner Bros Deal - Holy Grail... Or Poisoned Chalice? Senators, including Mike Lee, quickly flagged antitrust concerns after Netflix unveiled its $72 billion bid for Warner Bros. (film and TV studios, HBO, and HBO Max), signaling a high likelihood of congressional hearings in the near future. Hollywood insiders were sharply divided, while Wall Street analysts questioned the marriage of a digital disruptor with one of legac…
How Netflix’s acquisition of Warner Bros. could impact Bay Area movie theaters
(KRON) – Netflix is making seismic shifts in the entertainment business that might eventually impact Bay Area movie theaters. Netflix announced on Friday that the streaming service struck a deal with Warner Bros. Discovery to purchase the Hollywood studio and streaming business for $72 billion. Global girl group KATSEYE brings viral moves in Bay Area debut at sold-out SF show What is Netflix getting in the deal? Under the agreement, Netflix will…
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