With the news that Netflix is about to buy Warner Bros for 82 Billion dollars I was wondering how would it impact HBO and HBO Max originals.
Something like Hacks is filming its final season and will have probably ended before the merger is complete. On the other hand how would shows like The Pitt, House of Dragon, The Last of Us, Euphoria, The Chair Company, The White Lotus, I Love L.A., The Rehearsal, Task, Industry etc. would be impacted by the Netflix merger?
Videos
*Subject to regulator approval and all that jazz. Obviously expected to include WB's gaming subsidiaries like Rocksteady/etc
>"Today, Netflix announced our acquisition of Warner Bros. Together, we’ll define the next century of storytelling, creating an extraordinary entertainment offering for audiences everywhere."
Netflix announced the purchase of WB today, which means it will own HBO Max once the deal closes (regulators might give them trouble).
so what does this mean for us? Are we more likely to lose HBO from the Disney bundle (and our credit), or more likely to have Netflix strike a deal with Amex? Fear this means HBO won’t be on our credit anymore when the Platinum (and Blue) update next.
Would be nice to get a Netflix credit though.
I've seen the news online that Netflix has bought Warner Bros., and I was a bit confused by... a lot of things.
First of all, why did this acquisition happen? For as long as I can remember, Warner Bros. has always been one of the biggest studios in Hollywood, with so many iconic movies and franchises owned by it. I know they weren't doing so hot lately, but I thought they were at least able to keep themselves going without that much support from others. It's kinda weird to hear that it is now OWNED by someone.
Secondly, why does the news that Netflix might buy WB get such a bad reaction from people online? I know Netflix is notorious for canceling shows way too early and continuing shows people are really sick about, and they are also blamed for how many shows these days release their seasons every two years instead of a few months or 1 year. Are there more reasons why that acquisition is so controversial?
https://www.bbc.com/news/articles/ce91x2jm5pjo
I'm sure Netflix is going to try and get both WB and HBO, but I think what they really want is WB and all its IP.
On the other hand HBO is the potential problem because it causes monopoly concerns in the streaming space.
But... the deal could go through so long as WB has to divest of HBO and I think HBO on its own would be legitimately appealing to both Apple and Amazon.
I've said repeatedly on this sub that I don't think Apple was interested in WB as it is right now, but I do think they'd be interested in HBO on its own because their existing service is basically a HBO copycat.
If you merge HBO's existing content with Apples content, that is a legitimately great premium streaming service and it's sort of what HBO was always intended to be.
Would you agree with that purchase? If Netflix includes HBOMax content, would it become much more expensive?
Just the title. And your thoughts as well.
I’ll be honest, I’m a little worried. I think the thing we love so much about this universe is its rawness, it’s dark, and it doesn’t hold back. I just don’t know if netflix will hold true to the identity of what this universe is.
On a side note it also makes me worry for the way movie theaters will be impacted, the new Harry Potter remake, DC, etc.
ok ik HBO MAX and discovery have 130M subs so lets assume HBO MAX have 100M
So this dumbass sub keeps saying *title*, but people already pay for HBO MAX why would they cancel it if Netflix buys WB? they would go on to pay for it unless Netflix merges HBO MAX with it, but then they will also merge the price, and it's more likely they'll do a bundle instead of merging it or an HBO addon
but they will also charge 23 bucks for the HBO addon like they do for HBO MAX now, they can even increase it and it will only profit them
So what's the point that netflix buying HBO max won't be very beneficial in terms of subs?
EDIT: posting this because of u/TooBoredToLiveLife
https://www.thewrap.com/netflix-wins-the-warner-bros-discovery-bidding-war-enters-exclusive-deal-talks/
It's also been reported in Bloomberg, The Wall Street Journal, Deadline, The Hollywood Reporter and Variety.
Warner Bros. Discovery is moving forward with exclusive deal talks with Netflix, TheWrap has learned. WBD has selected Netflix after the streaming giant offered $30 a share for the studio and streaming assets, according to two people familiar with the deal talks. The deal also includes a $5 billion break-up fee to match the terms that Paramount added with its bid.
While its unclear what the makeup of the new bid looks like, the prior bid was a mix of mostly cash and stock.
Netflix securing a win over rival suitors Paramount and Comcast represents a stunning turnaround from just two months ago, when co-CEO Greg Peters shared big media mergers as not having an “amazing track record,” and Paramount buying WBD seemed like a foregone conclusion. Fast forward to today, and Netflix has won a furious M&A bake-off after three rounds of bids.
Representatives for Netflix and WBD weren’t immediately available for comment.
While exclusive talks clears the road for Netflix to acquire the Warner Bros. studios, HBO Max and a treasure trove of IP assets like “Harry Potter” and the DC Universe. Netflix, which once aspired to be HBO when first embarking on original content, is on a course to becoming its owner. Obtaining such assets could dramatically reshape the entertainment landscape and give Netflix even more power over Hollywood — concerns the streamer will have to assuage.
The willingness to include the unusually large breakup fee was likely critical with questions arising on how Netflix will get a deal with Warner Bros. through regulatory approval. A deal would face stiff antitrust scrutiny and opposition from the U.S. Department of Justice, New York Post’s Charles Gasparino reported on Tuesday.
A representative for the Department Justice declined to comment on the report.
In a Nov. 13 letter to U.S. Attorney General Pam Bondi, FTC Chairman Andrew Ferguson and Department of Justice antitrust division assistant attorney general Gail Slater, Republican Rep. Darrell Issa warned that a Netflix bid would raise antitrust concerns that could harm consumers and Hollywood alike. He noted that consolidation between the two companies would “diminish incentives to produce new content and major theatrical releases,” which could “undermine opportunities for the full range of industry professionals both in front of and behind the camera.”
The third round of bids came a day after Paramount had issued a letter to Warner Bros. Discovery CEO David Zaslav claiming the bid process had been “tainted by management conflict.” This followed an earlier letter this week from Paramount arguing that a deal would not get regulatory clearance.
Paramount, which seem intent on buying all of WBD, could take its own offer to shareholders. And even if it doesn’t match Netflix’s offer, it could lean on the selling point that it could close a deal faster than the expected longer grind that the streaming giant would undergo.
Paramount has already been through this process with the Trump administration before closing its merger with Skydance this summer. In September, it hired Makan Delrahim, former assistant attorney general of the Justice Department’s antitrust division during Trump’s first term, as its chief legal officer.
Netflix first tapped the investment bank Moelis & Co. to explore a potential bid for Warner Bros. Discovery’s streaming and studio assets in October. The company went on to submit three rounds of bids to WBD’s board alongside Paramount and Comcast. The former previously submitted multiple bids for the entire company, while Comcast submitted bids for the streaming & studio business.
There is a lot of noise right now about Netflix acquiring Warner Bros. Discovery for $82.7 billion.
Politics and stock prices aside, I’m trying to wrap my head around what the "Top 10" list would actually look like if this goes through. We are talking about merging the Netflix library with the entire history of HBO, DC, and Warner Bros pictures.
If this happens, what immediately becomes the "Best of Netflix"?
The Prestige Drama: Does The Crown even stand a chance against The Sopranos or Succession if they are on the same app?
Fantasy: Does The Witcher get buried by Game of Thrones and Harry Potter?
Movies: Netflix has spent billions trying to build franchises (Red Notice, Rebel Moon), but they would suddenly own The Dark Knight and The Matrix.
I did a breakdown of exactly what assets Netflix is buying (and what they are leaving behind) in a video here:https://www.youtube.com/watch?v=VFPH6Y_1zEM
But I'm curious from this community: If the libraries merge tomorrow, what is the very first thing you are re-watching? And does any current Netflix Original still make your "Top 5" list when put next to the HBO catalog?