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Netflix to buy Warner Bros Discovery's studios, streaming unit for $72 billion [Yahoo! Finance Canada]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Dec 5 (Reuters) - Netflix has agreed to buy Warner Bros Discovery's TV, film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer. The agreement, announced on Friday, follows a weeks-long bidding war in ?which Netflix offered nearly $28-a-share, eclipsing Paramount Skydance's close to $24 bid for the whole of Warner Bros Discovery, including the cable TV assets slated for a spinoff. Buying the owner ?of marquee franchises including "Game of Thrones", "DC Comics" and "Harry Potter" will further tilt the balance of power in Hollywood in favor of Netflix. It would help the streaming giant, which has so far built its dominance without major deals or a large ?content library, to ward off competition from Walt Disney and the Ellison family-backed Paramount. The two companies together will "help define the next century of storytelling", said Netflix co-CEO Ted Sarandos, who had onc
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- 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]
- Cinemas and unions sound alarms over Netflix-Warner Bros. deal [Los Angeles Times (CA)][Los Angeles Times]
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