Summary
Netflix is buying Warner Brothers' streaming services and its movie studio. This deal will add HBO and many popular titles to Netflix's catalog, potentially influencing streaming prices and highlighting a shift in the entertainment industry towards online services.
Key Facts
- Netflix is buying Warner Brothers Discovery, including HBO.
- The deal will make Netflix's library bigger with Warner Bros titles like Harry Potter and Game of Thrones.
- Netflix aims to complete the acquisition within 12 to 18 months.
- Netflix may change how they package and price their services, but details are unclear.
- The shift to streaming highlights changes in the entertainment industry as traditional cinema declines.
- The deal includes Warner Bros' TNT Sports outside the U.S.
- Concerns exist about how this might impact cinema releases, despite Netflix's promise to release some films in theaters.
