Netflix addresses concerns over Warner Bros. deal
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Here’s a deep dive into the library that Netflix will acquire from Warner Bros. An earthquake just hit Hollywood. After an intense bidding process, Netflix has emerged victorious, becoming the future shepherd of Warner Bros. and its TV and movie studios, as well as HBO and HBO Max.
Netflix announced on Dec. 5 that it has agreed to buy Warner Bros. Discovery in a nearly $83 billion deal that includes the film and TV studio assets of Warner Bros., plus HBO Max and HBO. Warner Bros. plans to spin off its cable networks business to shareholders before the deal closes. Netflix expects the deal to close in 12 to 18 months.
Netflix has a deal in place to buy Warner Bros. Discovery’s studio and streaming assets, including HBO/HBO Max, but regulatory hurdles loom. Param