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If the deal goes through, an algorithm-powered streaming titan would gobble up a 102-year-old movie studio synonymous with the romance of Old Hollywood.
Depending on your perspective, Netflix’s $83 billion deal to buy Warner Bros. Discovery’s studio and streaming businesses can be understood as either the sum of all Hollywood fears, an unexpected boon to film lovers everywhere,
"Everyone's just like, 'how is David Zaslav going to make so much money when he ran the company into the ground?'" says a studio executive. "The unjustness of that, when all these people are going to be out of work—it should be illegal.
Netflix has struck a deal to buy Warner Bros. Discovery, the Hollywood giant behind “Harry Potter” and HBO Max.
The deal to acquire the Hollywood behemoth’s television and film studios as well as HBO Max will bulk up the world’s biggest paid streaming service.
Netflix's deal to buy Warner Brothers Discovery's storied movie studio and popular HBO streaming networks, is a real-life tale of a conquering giant. But with regulators and rivals still waiting in the wings, it's probably just the start of the saga.
Largest streaming network says it will purchase Warner Bros.’ studios and streaming assets after winning a bidding war with Comcast and Paramount.
Netflix became HBO faster than HBO could become Netflix. That's why Netflix is buying HBO. Here's what happens next.
The $83 billion deal announced Friday could combine one of the most powerful New Hollywood entertainment companies — fueled by hits like “Stranger Things” — with a legendary Old Hollywood studio that created classics like “Casablanca” and “The Maltese Falcon.” Millie Bobby Brown, meet Ingrid Bergman.
As Netflix wins the bid to acquire Warner Bros., will Netflix's streaming service remain separate from HBO Max?