"This Friday morning, Netflix announced plans to acquire Warner Bros. in an unprecedented deal valued at $82.7 billion. By fall 2026, when the acquisition is likely to complete, Netflix will own its former rival's historic film and TV studios, including the HBO library and the HBO Max streaming service. Our mission has always been to entertain the world, said Ted Sarandos, co-CEO of Netflix, in a press release announcing the deal."
"By combining Warner Bros.' incredible library of shows and moviesfrom timeless classics like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friendswith our culture-defining titles like Stranger Things, KPop Demon Hunters and Squid Game, we'll be able to do that even better. Together, we can give audiences more of what they love and help define the next century of storytelling."
Netflix announced plans to acquire Warner Bros. for $82.7 billion, with the acquisition likely to complete by fall 2026. The purchase would bring Warner Bros.' historic film and TV studios, the HBO library, and the HBO Max streaming service under Netflix's control. Netflix plans to combine Warner's extensive franchises and classic titles with Netflix's own hit series to expand content offerings and influence future storytelling. The merger prompts concerns about effects on Netflix and HBO subscribers, the future of theatrical releases, and whether regulators will approve the deal. The transaction must pass rigorous antitrust scrutiny to prove it will not create a monopoly in the entertainment industry.
Read at www.esquire.com
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