Netflix's $72B Warner Deal: Streaming's New Powerhouse

Netflixs $72 billion acquisition of Warner Brothers Discovery could reshape the streaming landscape, as it would give Netflix control over HBO Max and a legendary film studio. This move comes as streaming services dominate media consumption, with 83% of Americans using them, compared to 36% for traditional cable or satellite. The average streaming customer subscribes to four services and spends $69 monthly, with younger generations subscribing to five services on average. Netflix currently leads the market, with 72% of adults watching its content. The deal could solidify Netflixs position in the streaming wars, but also raises antitrust concerns due to potential market dominance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.