The streaming platform Netflix is set to obtain its rival HBO Max, along with other divisions of the film production company Warner Bros. Discovery. This acquisition allows it to gain numerous beloved movie franchises and television programs all at once. Warner Bros. has revealed that Netflix will take over a significant portion of the enterprise for a sum of $82.7 billion ($71 billion). This transaction involves acquiring a substantial segment of Warner Bros., which encompasses the film and television production studios and the HBO Max streaming platform.
Warner Bros. is home to numerous well known movies and series. HBO produces popular shows such as The Last of Us and The White Lotus, and the new Harry Potter series is being created by HBO. Netflix is now looking at spending tens of billions for access to that content.
Taking out competition “Warner Bros. is an exceptionally powerful studio,” states media expert Cornélie Klercq-Bakker. “This is quite appealing for Netflix. Shutting down a rival streaming platform all at once is also an advantage.”
Warner Bros. is associated with various American television networks, including the news outlet CNN.
However, Netflix has no interest in that segment and will allow it to operate autonomously following the transaction.
The future of other Warner Bros. divisions remains uncertain. “For example, Warner Bros. also owns theme parks,” Klercq-Bakker notes. “This aspect is also intriguing for Netflix. It’s evident that they are aiming to expand their presence in the market more broadly.”
