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Stock impact report

Netflix's bombshell deal to buy Warner Bros. brings Batman and Harry Potter to the big red streamer and infuriates theater owners and the Ellisons [Fortune]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Fortune
franchises such as Batman and Harry Potter and triggering an immediate backlash from theater owners and the jilted Ellison family behind Paramount. The bombshell transaction, struck after a bidding war that ensued after David Ellison's unsolicited bids several months ago, positions Netflix ever more at the center of the Southern California entertainment business that the Northern California company disrupted so famously decades ago. ? Recommended Video The deal will see Netflix acquire Warner Bros. Discovery's film and TV studios and its streaming operations, including HBO Max, in a deal with an equity value of roughly $72 billion, or about $27.75 per share in cash and stock, valuing Warner Bros. at $82.7 billion. The agreement followed a heated auction in which Netflix's bid edged out offers from Paramount Skydance and Comcast , both of which had pushed to keep the storied Warner assets in more traditional hands. Two days before Netflix won the bidding, Paramount hinted at its Show less Read more
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