Netflix, Warner Bros.
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Here’s a deep dive into the library that Netflix will acquire from Warner Bros. An earthquake just hit Hollywood. After an intense bidding process, Netflix has emerged victorious, becoming the future shepherd of Warner Bros. and its TV and movie studios, as well as HBO and HBO Max.
Netflix announced it will buy Warner Bros. in a $72-billion deal that includes ownership of iconic properties like Harry Potter and the DC Universe.
As companies, executives and politicians fight over the future of legendary movie studio Warner Bros., audiences will be left behind.
While the vast majority of the focus around Hollywood will be on Netflix owning HBO, DC Studios, Harry Potter and one of the most cherished movie libraries (which one exec called like a “futuristic sci-fi movie where one place delivers all entertainment”), the deal will also essentially recreate Discovery Communications with a few more networks.