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Netflix announces deal to buy Warner Bros. and HBO [CNN]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
If the deal goes through, it will fundamentally reshape Hollywood at a precarious time for the entertainment business. It would give Netflix control of some of the industry's most valuable intellectual property, including Batman, Harry Potter and Game of Thrones, and would give a company that historically had very little interest in movie theaters oversight of the studio that put more butts in seats than any other this year. But first it will be subjected to intense regulatory review in the US and other countries. Netflix announced the blockbuster deal with Warner Bros. Discovery on Friday morning. It has agreed to buy the legendary TV and movie studio and assets like the HBO Max streaming service for $72 billion, plus debt. The announcement jolted Hollywood and jumbled expectations about the next steps for Warner Bros. Discovery, which is also the parent company of CNN. Warner Bros. Discovery (WBD) said it is moving forward with its plans to split into two publicly traded ha
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- Netflix agrees to buy Warner Bros. Here's what that will look like [USA TODAY][USA TODAY]
- Netflix announces deal to buy Warner Bros., HBO Max [MSNBC.com][MSNBC.com]
- A plea to Netflix's Ted Sarandos: Don't screw up Warner Bros. and HBO [Los Angeles Times (CA)][Los Angeles Times]
- How Ted Sarandos became the ultimate Hollywood gate-crasher [Los Angeles Times (CA)][Los Angeles Times]
- Netflix Only Buying Warner Bros. To Sabotage A Rival Streamer? [Yahoo! Finance][Yahoo! Finance]
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