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Warner Bros. Begins Exclusive Deal Talks With Netflix [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
Most Read from Bloomberg Prior to the closing of the sale, Warner Bros. — valued at more than $60 billion overall — will complete the planned spinoff of cable channels including CNN, TBS and TNT. Warner Bros. shares rose by around 3.7% in premarket trading on Friday after closing at $24.54 in New York. Netflix shares were down around 0.6% in premarket trading. A deal, if consummated, would bring seismic change to the entertainment industry, joining the world's dominant paid streaming service with one of Hollywood's oldest and most revered studios. The acquisition marks a dramatic strategic shift for Netflix, which has never done a deal of this scope. The streaming pioneer grew to become Hollywood's most valuable company, without the benefit of a content library or studio, by licensing programs from others and then expanding into original content. Representatives for Warner Bros. and Netflix didn't immediately respond to requests for comment. With the purchase, Netflix becom
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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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