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The 2010 quote from Jeff Bewkes in The New York Times is now infamous: “It's a little bit like, is the Albanian army going to take over the world? I don't think so.” Well, as LightShed Partners analyst Rich Greenfield said Friday, “the Albanian army just took over the world.” Here's what you need to know about Netflix's $72 billion deal for Warner Bros. and HBO. What's the deal? Warner Bros. Discovery, which owns CNN, is moving forward with its plans to split into two publicly traded companies. Once the split takes effect, likely sometime next summer, Netflix intends to acquire the Warner half. The other half, Discovery Global, will house CNN and other channels. Netflix, already the streaming king, says “this acquisition will improve our offering and accelerate our business for decades to come.” But first, Netflix has to convince governments around the world to OK to deal. The regulatory review process is going to take a long time – in the US, EU and elsewhere. How wi
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- Netflix–Warner Bros. deal sets pp $72 billion antitrust test [Fortune][Fortune]
- How Netflix acquiring Warner Bros. could reshape Hollywood [USA TODAY][USA TODAY]
- Reviews are in, and Hollywood insiders aren't pleased with the Netflix-Warner Bros. deal [Business Insider][Business Insider]
- The regulatory path ahead for a Netflix and Warner Bros. deal could get dicey [MSNBC.com][MSNBC.com]
- Politicians aren't happy with the Netflix-Warner Bros deal. Here's why. [USA TODAY][USA TODAY]
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