"No doubt Netflix is the default streaming service,"
"Going forward, what will be required to win is more iconic IP and more global franchises that work everywhere. Warner Bros. Discovery is one of the only companies out there that will give Netflix both of these at once."
"our mission has always been to entertain."
Netflix agreed to an $83 billion acquisition of Warner Bros. Discovery, creating a combined streaming and content powerhouse that will face domestic and international regulatory scrutiny. Warner Bros. leadership resisted a Paramount Skydance partnership due to financing concerns, price, and David Ellison retaining controlling shares. Industry veterans argue the deal is essential for Netflix to secure iconic intellectual property and global franchises to counter competitors like YouTube, Amazon Prime, and Tubi. Historical media deals show both value creation and costly failures, highlighting cultural integration and timing risks that could affect stakeholder returns.
Read at Fortune
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