"If government regulators don't torpedo the deal, Netflix is poised to become a movie, TV, and streaming giant even larger than it is today, bringing everything from to into its fold. Los Gatos-based Netflix reportedly put in the winning bid to acquire Warner Bros., one of the great legacy studios in Hollywood with a 100-year-old film catalog, along with its television and streaming arms, in a cash and stock deal that values the company at $82.7 billion."
"And if it all goes through, the deal will roil Hollywood and change much of the landscape in terms of streaming content, giving Netflix enormous power and leverage in both film and TV. "This deal changes the calculus of the streaming wars, representing a seismic shift in the entertainment industry," says Mike Proulx, a VP research director at Forrester, speaking to the AP. But it could face an uphill climb when it comes to antitrust regulators, both in Washington and in Europe where the deal will also require signoff."
Netflix reportedly submitted the winning bid to acquire Warner Bros. in a cash-and-stock transaction valuing the company at $82.7 billion that includes Warner Bros. Discovery's debt. The agreement would spin off the Discovery cable networks into a separate publicly traded company, leaving channels like CNN, Discovery, Food Network, and HGTV outside Netflix's ownership. The Associated Press places the transaction value nearer $72 billion and estimates a 12-to-18-month closing timeline. The acquisition would grant Netflix vast film and television content and market leverage, reshape streaming competition, prompt antitrust scrutiny in the U.S. and Europe, and draw opposition from competitors and Hollywood stakeholders.
Read at sfist.com
Unable to calculate read time
Collection
[
|
...
]