"HOLLYWOOD, LOS ANGELES (KABC) -- It's a mega deal for Hollywood -- Netflix is acquiring Warner Bros. for approximately $83 billion. It's a deal that would put a lot of power in the hands of just one entertainment company. Depending on where you stand, the iconic Netflix "Tadum" sound that plays with their logo before their original content could be considered the death knell for Warner Bros., or its wedding song."
"The offer price of $82.7 billion would be the biggest sale of a Hollywood studio ever. It combines Netflix -- the world's largest streaming company with more than 300 million subscribers -- with the third largest streamer -- home to HBO and a trove of popular entertainment franchises like DC Studios and Harry Potter. Whether or not the deal would cast a good spell on the industry or a bad one is still up in the air."
Netflix is acquiring Warner Bros. for $82.7 billion. The transaction would merge Netflix's more than 300 million subscribers with Warner Bros.' streaming assets including HBO and franchises like DC and Harry Potter. The offer would be the largest sale of a Hollywood studio. Observers note the deal concentrates significant content, platforms, and audience reach in a single company. Reactions vary between concern over excessive consolidation and hope for industry revitalization after pandemic disruptions and labor strikes. Warner Bros. had been in talks with Paramount, and the transaction faces substantial antitrust scrutiny before completion.
Read at ABC7 Los Angeles
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