Netflix announces deal to buy Warner Bros. and HBO
Netflix announces deal to buy Warner Bros. and HBO | CNN Business
Netflix announced the blockbuster deal with Warner Bros. Discovery on Friday morning. It has agreed to buy the legendary TV and movie studio and assets like the HBO Max streaming service for $72 billion.
This means the would-be buyer will pay WBD billions of dollars if the deal is not completed.
That’s critical because the biggest X factor is regulatory approval. The Trump administration will review any transaction between Netflix and WBD, and some analysts expect a political and legal battle to ensue.
We’re about to see how much Netflix wants to kiss the ring and what lines they’ll cross for Trump.
Larry Ellison also wants Warner Discovery. He's kissed the ring so much that Trump has to wash the slobber off.
So we'll see. Larry Ellison is the worst option here, even worse than media consolidation and price hikes, because Ellison wants to be the new Rupert Murdoch.
Yeah, I’m already done with Trek under the Ellison name.
I’ve cut off all these services already though, as an F U to the US threatening to annex my country, and virtually no Americans standing up against that.
This means the would-be buyer will pay WBD billions of dollars if the deal is not completed.
There was a super interesting Money Stuff (Pay Now, Merge Later) recently about this kind of acquisition structure that allows the seller to keep the money even if the deal gets blown up by antitrust. It will be interesting to see how this plays out.
It’s sad when this is probably the best outcome if it goes through.
Best outcome would be after the deal is final people stop using Netflix.
Not enough people give a shit for that to ever happen. Hell, my wife (as much as I love her) doesn’t care. I’ve explained and shown her how much Netflix sucks but her desire to watch crappy Korean dubs without thinking too hard about how to do so takes precedence. Never mind my mother who is too old and stubborn to ever change.
But in the very least the subscription fees aren’t coming out of my account, and that’s really all I can do.
Sad Larry Ellison noises
How in the ever living fuck does Netflix have the money to buy Warner Brothers? If anything you would think it would be the other way around.
Debt! A massive amount of debt offloaded on to consumers with price hikes!
Stop letting companies consolidate.
Well shit. There goes my hopes of HBO eventually getting the rights to The Witcher and doing it right.
There goes my hope of hbo ever doing anything good anymore.
The best way to download movies and shows is to get a VPN, I use airvpn. Install qbittorrent, enable the search function in settings. Update the search torrents, just click the update button. You can download just about anything. My Internet is very slow, especially for uploads but I wait for the share ratio to reach 3 before removing the torrent . This makes sure everybody gets a chance to download. I use alternative down&upload rates in the settings.
I use jelly fin to stream to all of my devices including TVs and tablets. We don't need Netflix
So what happens to DC Comics?
Oh man, all that content I dont care about that will be merged with all that content I dont care about.
They should legally have to keep all their major mergers in their name. AOL-Time-Warner-Discovery-Netflix is far more representative of the nightmare times we live in.
Stop stealing jokes from Parks and Rec
Ah shit, now there's going to be a weird silent gap in the middle of the show because the joke was stolen!
Enough buyouts and the parent can have creative acronyms.
Something interesting about this, that I observed from my office desk with the ever-present CNBC broadcast I am forced to endure:
CNBC is currently platforming a lot of opposing voices to this merger. A big part of the opposition I’ve witnessed them platform is a “THIS WILL KILL THE CINEMA INDUSTRY” narrative. This argument is ridiculous to me, as HBO Max is owned by Warner-Discovery, and if you recall, they pioneered the simultaneous cinema/streaming movie release.
Additionally, the Activision-Blizzard merger was larger in every way, and yet I cannot find any negative sentiment on behalf of CNBC with regard to that merger.
ActivisionBlizzard wasn't so much of a threat to ComcastNBCUniversal as NetflixWarnerDiscoveryHBO would be.
Soooo, does that mean consumers have one less streaming service to subscribe to or would Netflix just do a price hike to make up for it?
Oh yes, market concentration definitely improves the user experience in the long run.
Provides more opportunities to loot the seas.
¿Porque no los dos?
I expect it'll be an extra charge, like with HBO