Netflix Inc (NASDAQ:NFLX, XETRA:NFC)'s announcement that it will acquire Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) in a $72 billion cash-and-stock deal has drawn a mixed response from analysts, as investors weigh the risks and potential rewards of one of the largest media transactions in history. The deal values Warner Bros.
One of the most closely watched bidding wars of the year is over—maybe.
When the world's most prolific streaming service, Netflix, announced a deal Friday to purchase beleaguered Warner Bros., the big question immediately became how the sale would impact the valuable HBO Max content.
Movie theater operators are worried for the future of the theatrical industry if Netflix completes its acquisition of Warner Bros. Discovery's studio and streaming assets.
Pre-market futures had been up across the board, but have fallen off the table in recent minutes. We're now 25 minutes before the opening bell, and we still have yet to see the Personal Consumption Expenditures (PCE) data this morning, which was already delayed due to the government shutdown, and was due at 7:30am CT.
Netflix streaming services will now join CNN, HBO Max, Major League Baseball, DC Studios, the Food Network and HGTV, to name just a few.
Netflix announced Friday morning it struck a deal with Warner Bros. to purchase the storied film studio for $82.7 billion, a potentially major acquisition that shook the film and television industries.
Netflix ( NASDAQ:NFLX ) has officially clinched the blockbuster bidding war for Warner Bros.
Larry Ellison and his son, David, own Paramount, which wanted to buy Warner Bros. Discovery.
Netflix will maintain its short theatrical movie runs despite acquiring the Warner Bros. studio. Co-CEO Ted Sarandos confirmed Netflix's focus on streaming over long exclusive theater windows.
The acquisition will see massive franchises including Harry Potter and Friends brought into the same portfolio as Stranger Things and Squid Game.
The Trump administration has "heavy skepticism" about the newly announced $72 billion deal for Netflix to acquire Warner Bros. Discovery's film and streaming assets.