Netflix Acquires Warner Brothers Discovery for $82.7B

Netflixs $82.7 billion acquisition of Warner Brothers Discoverys film studio and streaming business marks the end of a fierce bidding war. The deal, valued at $27.75 per share, includes Warner Brothers extensive library of classics and modern favorites. Netflix plans to combine this library with its popular titles, aiming to enhance global entertainment. However, the merger raises concerns about power imbalance in the streaming landscape and potential impact on the theatrical film market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.