Netflix announced plans Friday to acquire Warner Bros. Discovery's film studios and streaming assets, including HBO Max, and subscribers of both streaming giants may now be wondering what changes could come to their content and their monthly bills.
Netflix struck a deal Friday to buy Warner Bros. Discovery, the Hollywood giant behind "Harry Potter" and HBO Max, in a $72 billion deal that would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.
Netflix (NFLX) acquires Warner Brothers (WBD) for $72B, aiming to strengthen its streaming content library and competitive positioning. DG and CRM delivered strong earnings, with Dollar General up 37% since early November and Salesforce's AI-driven products showing early but modest revenue traction.
Wall Street has begun rendering its verdict, at least in the short term, on Netflix's $82.7 billion deal to acquire Warner Bros. As is typical of acquisitions, the stock of the buyer lost ground by mid-day Friday, slipping 3% to just below $100, while the party being (mostly) acquired, Warner Bros. Discovery, gained ground.
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