Netflix managed to win a drawn-out bidding battle to amass the Warner Bros Discovery’s movie and tv operations. The deal consists of the HBO Max streaming service
All the things you want to find out about Netflix’s mega-money takeover of Warner Bros Discovery
- Netflix has agreed a £54 billion takeover of Warner Bros Discovery in one of many largest offers in Hollywood historical past. The streaming large says the deal will ship as much as £2 billion in financial savings.
- The US agency received a drawn-out bidding battle to amass the studio group’s movie and tv operations.
- The deal consists of the HBO Max streaming service. It would additionally tie up Warner Bros’ main franchises akin to Harry Potter and Sport Of Thrones and Netflix hit Stranger Issues.
- The takeover, which can reshape the worldwide streaming market, is pending approval from competitors regulators in a number of nations. Netflix co-CEO Ted Sarandos mentioned: “We can provide audiences extra of what they love and outline the following century of storytelling.”
- However questions stay over the way forward for HBO Max as a standalone service.
