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Why the Netflix, Warner Bros. deal is a disaster for movie theatres, filmmakers and audiences [Globe and Mail, The (Toronto, Canada)]

Netflix, Inc. (NFLX)  More Company Research Source: Globe and Mail, The
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Discovery for nearly US$72-billion, the two companies announced in a joint statement on Dec. 5. Mike Blake/Reuters The calamity stems from the news that Netflix is officially buying Warner Bros. Discovery for US$82.7-billion. While the mammoth acquisition is far from a done deal – there are genuine antitrust concerns at play, and Paramount Skydance, Netflix's rival suitor for WBD up until a moment ago, could throw up all variety of legal challenges – the fact that the situation even got this far is a sign of the end times for Hollywood as we know it. Make no mistake: This is a devastating blow for movie theatres, filmmakers, television creators and, of course, audiences. Netflix to buy Warner Bros Discovery's studios, streaming unit for US$72-billion The short-view perspective might see this as a net positive for consumers. Hey, one less streaming service to subscribe to, right? But would HBO, inarguably the most quality-focused television outfit around, even exist under the new [Read more]
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Stockreport

Why the Netflix, Warner Bros. deal is a disaster for movie theatres, filmmakers and audiences [Globe and Mail, The (Toronto, Canada)]

Netflix, Inc.  (NFLX) 
More Company Research Source: Globe and Mail, The
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Discovery for nearly US$72-billion, the two companies announced in a joint statement on Dec. 5. Mike Blake/Reuters The calamity stems from the news that Netflix is officially buying Warner Bros. Discovery for US$82.7-billion. While the mammoth acquisition is far from a done deal – there are genuine antitrust concerns at play, and Paramount Skydance, Netflix's rival suitor for WBD up until a moment ago, could throw up all variety of legal challenges – the fact that the situation even got this far is a sign of the end times for Hollywood as we know it. Make no mistake: This is a devastating blow for movie theatres, filmmakers, television creators and, of course, audiences. Netflix to buy Warner Bros Discovery's studios, streaming unit for US$72-billion The short-view perspective might see this as a net positive for consumers. Hey, one less streaming service to subscribe to, right? But would HBO, inarguably the most quality-focused television outfit around, even exist under the new [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NFLX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS