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Netflix CEO Criticized Infamous ‘HBO Max’ Move Months Before Warner Bros. Deal
The $72 billion deal merges two top studios and streaming platforms, aiming for $2–3 billion in cost savings and impacting distribution and pricing strategies.
- This past week, Netflix, the world's dominant streaming platform, agreed to buy the streaming and studio assets of Warner Bros Discovery for US$72 billion, marking its first meaningful acquisition.
- Seeking scale, Netflix argues streaming disruption and cable decline drive consolidation, citing high overlap between Netflix and HBO Max subscribers and targeting US$2 billion to US$3 billion in cost savings.
- Under the agreement, Netflix must pay a US$5.8 billion break-up fee if regulators block the deal, while Warner must pay Netflix US$2.8 billion if it accepts another buyer; Paramount's lawyers alleged a tilted process and may pursue a hostile bid.
- Industry groups responded that Cinema United called the deal an unprecedented threat to theatres, the Writers Guild of America urged blocking the merger, and stars, unions, and politicians opposed it as Netflix executives faced tough questions on an analyst call.
- Regulators are expected to spend a year or more scrutinizing the deal, with Senator Elizabeth Warren calling it `an anti-monopoly nightmare` and concerns rising over theatrical windows and competition.
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Netflix said on Friday that he had agreed to buy Warner Bros Discovery's film and television studio business in a $72 billion deal.
·Mexico
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technewstube.comHow would the Netflix-Warner Bros. deal reshape Hollywood?
It’s only been a day since Netflix announced an $82.7 billion deal to acquire Warner Bros., and the acquisition has already been described as sending Hollywood into “full-blown panic mode,” “possibly a death blow to theatrical filmmaking,” and maybe even “the end of Hollywood” itself.
·United States
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The question about the mega deal between Netflix and Warner is: Is Netflix boss Ted Sarandos, who set up the 82.7 billion dollar purchase, the superhero or the bad guy in the industry?
·Munich, Germany
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Total News Sources20
Leaning Left3Leaning Right2Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 33%
C 45%
R 22%
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