Netflix CEOs defend Warner Bros. deal
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Interviews with dozens of actors, producers and camera crews reveal an industry attempting to weigh the lesser of two horrible choices.
Netflix wants everyone to take a deep breath and chill. According to the company’s top brass, the plan to swallow Warner Bros. and HBO Max whole for a casual $82.7 billion is actually good news for Hollywood,
Warner Bros. has a history of disastrous mergers and acquisitions. Can they avoid another bad sequel as Netflix and Paramount battle to buy it?
Several Hollywood unions, including the Writers Guild of America and Teamsters, have expressed serious concerns over a potential sale of Warner Bros. Discovery or its assets to Netflix or Paramount.
Netflix would also gain access to a trove of lucrative intellectual property, from Bugs Bunny and Superman to “Friends” and “Game of Thrones.” The closest modern parallel might be Amazon’s acquisition of the former Hollywood power player Metro-Goldwyn-Mayer in 2023.
Explore how Paramount-Skydance and Netflix bids impact Warner Bros. Discovery, Inc. valuation, with key insights on regulatory risk. Click for this WBD update.